Significance of implementation of Management Information Systems in the IPO chain for SMEs

Management information systems support the efficient management of processes, resources, materials, machinery, equipment, people and finance. The strategic goal of creation and management information system is to support the growth of performance and value of business. Software support for SMEs business is very important. The aim of the paper is to point out the importance of implementing MIS in small and medium enterprises in the IPO chain, to examine the selection of optimal software for MIS based on preferred criteria. We selected specific software products for SMEs in Slovakia, that are offer to IT market. We analyzed risks and benefits in area of implementation MIS in SMEs in Slovakia. The results of MIS implementation point to the benefits generate quality information for decision-making, saving time downtime, reducing administrative staff, increasing inventory turnover, slimming down the count of IT departments.