Enterprise Resource Planning integrates business management modules and user friendly technology. The ERP solution is such a system that can combine all the functions of a business, such as inventory management, warehouse management, manufacturing, distribution, invoice tracking, accounting, sales module, production planning, purchase management, customer support service, finance, HR, supply chain management, logistics, software, customer relationship management (CRM), etc. on to a single framework and thereby enabling business owners to take balanced and informed decisions for the future.
Increased operational efficiency
Improved customer satisfaction
Enables better decision making and forecasting
Provides support for business growth
Scalable and flexible solutions providing for future changes
Better tracking of inventory
Provides a centralized framework for all business processes.
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It should first be noted that companies, which fail to utilize systems such as ERP may find themselves using various software packages, which may not function well with each other. This might make the company less efficient than it should be. In order to survive in today’s competitive business environment, your business has to embrace technology. Technology has caused the world to shrink and global competition to become ferocious.
Businesses, which once operated relatively autonomously at an arm’s length from their customers, and suppliers, are now being forced to work more cooperatively, competitively, and collaborate within incorporated business communities. When an ERP system is implemented, information flows constantly and allows you to follow a client’s processes at any moment regardless of the part of the process they are engaged in.
Purchases and expenditures are registered in a centralized database that allows you to have control over these activities. In such situations ERP helps you to prevent possible abuse. A powerfully incorporated ERP system enables interactions of marketing, sales, products’ processes, quality control, supply lines, stocks and many other areas. It can even be in a single database. This will eradicate the occasional loss of and retyping errors. It combines all departments and functions across a company into a single computer system, which is able to serve all those different department’s particular needs.
An ERP system promises benefits that range from increased efficiency to transformation of quality, productivity and profitability. ERP not only helps establish world-class business practices and bring transparency to the organization but also demands for empowerment and flexibility in the decision making process