Marketing information system has the following benefits:
*It helps marketing planning by gathering reliable information. It handles both internal and external data.
*The
problems and opportunities are automatically spotted out. It helps
effective tapping of marketing opportunities and effective defense
against marketing threats.
*It helps in spotting trends
and facilities on formulation of basis of assumption economic and
business conditions. It tends to be future oriented.
*It
helps the firm adjust its products and services to the needs and tastes
of consumers. It acts as a control mechanism as customer reactions are
also fed into it from market intelligence, the first sales force or
marketing research.
*It provides market intelligence to the firm.
*The system can provide information on seasonal and cyclical demand patterns for planning, monitoring and control purpose.
*It helps controlling marketing activities. The report can be used to monitor and control marketing operations.
*Sharing
selected operational information in order to gain advantage from
superior expertise across organizational boundaries and further improve
efficiency.
What are the benefits of marketing information system?
The evolution of business intelligence (BI) tools reflects the broader
progress of computing technology and data management. In the 1970s and
1980s, early ...