ERP Enterprise Resource Planning, which is popularly known as ERP, has emerged as the leader in business automation solutions. The history of ERP traces back to 1960’s and 70’s when its ancestor MRP or Material Requirement Planning were used in manufacturing industries. Evolving from MRP – MRP 2 to finally ERP, it has marched way ahead then mere inventory management – counting material required per production unit to integrating complete business process. ERP caters the need of all the industry verticals, be it insurance, banking, health care, entertainment etc. ERP helps in saving millions of money along with effective utilization of the resources.
ERP comes in various flavors by different vendors. Various aspects needed to be analyzed before going for a particular ERP. The very prime question is – “Do the business really require automation of production, sales, supplies and accounting? If yes, then would it benefit the business and to how much extent?” The ERP’s capable of performing complex business functions robustly. Small, medium and large ERP’s are there in the market catering to every business requirement.
ERP not only automates process, it also helps in making strategic decisions. In today’s competitive world where important decision are required to be taken in hours and minutes, ERP can presenting the detailed picture of the situation at your finger tips.
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The management can view the ‘up to the minute’ performance of the business. The sales, levels of the stocks, supply and demand requirement, past supplier details, all these can be viewed on a single screen. The integration and automation brings in transparency in the organization and lots of other benefits. All these details helps to take a quick decision on how much new order can be fulfilled in how much time.
ERP packages have in built modules satisfying core business function needs. So what if your business needs something more out of the box. Not a worry. The advantage of an ERP is that it is customizable. The various modules can be customized according the business need. It can easily be integrated with existing legacy systems and can still deliver optimum performance.
The last but important thing to muse upon is how well an ERP benefits your business. It is not just something that if not found worthy could be discarded. ERP once implemented, should seamlessly integrate all the business process. It is there to simplify the business process and improve the performance. It must guide in making correct strategic decisions. If properly implemented it has the potential to turn around the business to much higher level.
