Enterprise Resource Planning (ERP) software system helps in integration of all the major functional units of an enterprise in a singly unified system. This enables a free flow of information and communication, which helps in quick decision making leading to increased productivity and better profit margins of the business organization.
ERP software system provides the reliability and fast operations in a well coordinated manner. Organizations can opt for stepwise implementation of ERP through the different modular packages to avoid huge one time expenditure. Moreover, the requirements of organizations vary and in that case the modular ERP software is very useful to satisfy the specific requirements.
Many small and big enterprises are implementing ERP software system with an objective to take up new challenges in the ever changing world economy, and to stand out from the rest in the competitive market.
ERP installation and implementation requires lots of expertise planning involving huge costs. But the beneficial aspects of this software system outweigh the investments in the long run.
The benefits of ERP can be summarized as follows
1. ERP software is much sought after package in the business world due to the flexibility of operations that caters the needs of all kinds of business like manufacturing, healthcare, government sectors, IT sectors and many more.
2. The main benefit of the ERP system lies in the free flow of data and information and easy scalability. Anybody can access the data from any point, which hastens the production of the manufacturing unit.
3. ERP offers various packages that support the sales and marketing, customer relationship, human resources, keeps track of inventory, production and distribution of an organization.
4. It updates the current status of the inventory and maintains communication between the supply chain management in the retail stores. It maintains records of order books of the customers, inventory and purchase.
5. ERP integration includes all the vital steps starting from planning and marketing to the production, sales and supply of products including the logistics.
6. This software is very effective in asset management of an organization and minimizes the cost and errors through the optimized use of the assets. Deployment of the right person to the right job and keeping track of their performance is another vital beneficial aspect of ERP.
7. ERP provides the best customer services by immediately attending the customer queries and with timely delivery of products. It aids in resolving the customer payments well before the scheduled deadline.
8. ERP offers a complete solution for all the business purposes, which can function globally crossing all geographical boundaries.
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