Question

How does an MIS automated inventory system help management create accurate sales forecasts?

Answer 1

Management Information Systems

It greatest role is data collection and management. Everyday information is collated and analyzed, readily available to managers and decision-makers. The system is able to go about different possible scenarios to fool-proof a business decision. The system is also able to provide precise projections of sales based on identifying the factors that determine it and how these factors interact (over time) as business decisions are carried out.