Management Information System (MIS) collects, processes, stores, and disseminates data to support decision making and coordination across various departments of an organization. MIS provides accurate and relevant information to managers at different levels. It helps in decision making, coordination, problem identification, and performance comparison. The main goal of MIS is to inform management and help them make better decisions to effectively run the business. It has benefits such as improved efficiency, expedited problem solving, enhanced communication and control, and competitive advantage.