| Enterprise resource planning (ERP) is an enterprise | | | | productivity and better profits. |
| level information system that is designed to coordinate | | | | Benefits of ERP |
| all the resources, information, and activities required to | | | | ERP ensures timely completion of all business activities |
| complete business processes. It can be consider as an | | | | and increases customer service satisfaction. Helps you |
| integrated management of business which covers the | | | | to analyze, plan and forecast the business activities by |
| techniques and concepts required. | | | | giving you clear view from any angle. |
| Traditional stand-alone applications were designed for | | | | - ERP facilitates information flow across different |
| specific needs, with limited functionality, and isolated | | | | departments or sections of the organization. It can |
| from other departments. On the other hand, ERP is a | | | | connect your every business premises and give you |
| concept to consider many departments and combining | | | | consolidated and complete view. |
| their unique systems into a single unit, enabling | | | | - ERP bridges the gap between business partners, |
| seamless communication between these departments, | | | | suppliers and customers allowing ongoing collaboration. |
| clients and management. | | | | - It helps you efficiently and cost-effectively manage |
| Initially ERP package was consider as a costly affair | | | | Man Power, Money flow, Stock and Machinery. |
| so it was only possible for very large Multi National | | | | - With ERP, achieve high security and privacy |
| Companies to implement it. Today many companies | | | | protection along with the sharing of data by proper |
| over the world have gone in for implementation of | | | | access rights and roles definition for users. |
| ERP and it is expected in the near future that 60% of | | | | - ERP also provides important user friendly information |
| the companies will be implementing one or the other | | | | to the company. When changes occur the system will |
| ERP packages since this will become a must for | | | | update accordingly, also allowing individuals to work |
| gaining competitive advantage. | | | | more effectively and decrease redundant data. |
| Modern ERP Solutions are highly customized, covers | | | | - ERP also provides some high-end business |
| almost everything that you need to run your | | | | intelligence tools like Decision Support Systems (DSS), |
| organization whether it may be small enterprise or a | | | | Executive Information System (EIS), |
| full fledge multinational firm. It includes the system | | | | Reporting, Data Mining and Early Warning Systems |
| starting from the employee’s entry inside the gate | | | | (Robots) to enable for better decisions and hence |
| to final product to customer for a product | | | | improve business processes. |
| manufacturing company. All facilities like customer | | | | In today's dynamic business environment there is a |
| complaints, accounting & finance, HR, sales & | | | | strong need for the business to become globally |
| marketing, purchase, inventory, tax details like excise, | | | | competitive. The key for success lies in customer |
| sales tax etc including export & VAT | | | | satisfaction, through understanding customer needs, |
| documentation will also be handled by the system. To | | | | and providing quality goods and services in the |
| maintain all this it has high degree of security/access | | | | shortest time possible. ERP is now proved to be a |
| control. Ultimate result is that it helps in increasing | | | | better solution for project management. |