Monday, 30 December 2013

ERP Manufacturing- a necessity for modern businesses to sustain and grow

Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate back office functions. ERP software integrates all facets of an operation, including product planning, development, manufacturing processes, sales and marketing.

ERP software consists of multiple enterprise software modules that are individually purchased based on specific needs and technical capabilities. A business can use ERP software to manage back office activities and tasks such as distribution process management, supply chain management, knowledge based services, accuracy of financial data, project planning, critical business procedures, accounting and financial applications, lower purchasing costs, human resources, payroll and others.

With the growing popularity of ERP methodology, software applications to help business managers implement ERP into other business activities have emerged. Depending on the size of an organization and its requirements there are a number of enterprise resource planning software vendors available in the large enterprise, mid market and small business segment.

 The various benefits of incorporating ERP software are:

·         Facilitates informed decision making.
·         Cost saving solutions through organized business processes.
·         Integrates business processes facilitating better control.
·         Improves the work flow and information flow in the organization.
·         Introduces transparency in activities.
·         Improves speed and efficiency in functions leading to improved customer service and customer satisfaction.
·         Facilitates co-ordination of activities between different departments.
·         Provides quality communication channels Leverage.
·         IT Infrastructure and information assets.
·         Gives a competitive edge.
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