IMPACTS OF BUSINESS INFORMATION SYSTEMS APPLICATION TO PRODUCTION AND BUSINESS MANAGEMENT IN THE SERBIAN WOOD INDUSTRY COMPANIES

The research subject in this paper is Business Information Systems (BIS) used in wood industry companies of the Republic of Serbia. The main objective of this paper is to research the impact of BIS application in various production and business management processes in wood industry companies of the Republic of Serbia. An additional objective is to determine production and business management processes that are the most improved by BIS application in the companies where the research was conducted. This paper aims to imply to these companies the advantages of BIS application in production and business management, as well as the business improvement that can be achieved by their application. The research was conducted on a sample of the 100 largest companies in the wood industry of the Republic of Serbia, according to the criterion business income in the year 2016. The research results show that BIS application in wood industry companies has the most significant positive impact on the inventory management process. Of the total number of surveyed companies, the most significant number of companies considers that the BIS application has a large positive impact on this management process. Also, many companies consider that the implementation of BIS has an enormously positive impact on the financial management process. Increasing the efficiency of the inventory and financial management process contributes in reducing the number of days of working capital in the stock of reproductive material, reducing the level of debts, as well as increasing liquidity and efficiency of capital management.