The management information system is one of the most important and well-known information systems available, which provides immense facilities and services to an organization or any institution. It is one of the best ways through which an organization or a company can sort out its various transactions and keep a better record of each and every data and information which comes to that organization or goes out from that organization. A management information system provides facilities such as storage of important data and information, access to that information and processing on the existing information as well as the generation of new information or data which is important for an organization or company. There are many components in the management information system that plays a very important role and there are multiple advantages of this system which has proved itself in almost all the fields and institutions present in today's world.