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Benefits Of ERP - Streamlines Different Functions Maintaining A Smooth Workflow
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Posted On :
Jul-07-2011
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Article Word Count :
452
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In erp, regular up gradation, strong central repository and effective data management system enables to take timely decisions. Data warehouses help in day-to-day management of works providing real-time data.
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The main object of ERP (Enterprise Resource Planning) is to integrate all the functional units of any organization into a single platform in order to get a real time visibility about the overall performance of the organization. Many small and big sized organizations are implementing ERP to perform at par with the peer groups with a sheer objective to outshine than the others. ERP implementation is an uphill task that requires lot of resource and financial planning, but considering the long term benefits and the future growth of the organization its implementation has almost become mandatory. The end-to-end chain management system empowering the human resource department in quick decision making has far reaching consequences. This is clearly visible in the increased profitability of the organization. Widely applicable in manufacturing organizations, ERP helps in synchronizing the functions of manufacturers and distributors.
In a nutshell, ERP along with various flexibilities functions as the backbone of the organization synchronizing start-to-end processes along with strategic planning and real- time visibility.
Benefits of ERP
1. The integration of different units streamline different functions maintaining a smooth workflow.
2. Regular up gradation, strong central repository and effective data management system enables to take timely decisions.
3. Data warehouses help in day-to-day management of works providing real-time data every minute.
4. Smooth and effective information sharing between different units of an organization helps in better work management.
5. Easy accessibility of data from any part of the globe helps in better work management.
6. The user friendly nature of ERP also helps in better running of the business.
7. Real-time visibility improves work efficiency and time management.
8. Maintains perfect co-ordination among the different functional units of the organization.
9. Enhances customer satisfaction due to improved quality and on-time delivery. ERP also helps in fast resolving customer complaints through efficient help desk.
10.Improved strategic planning and forecasting reduces inventory costs and wastage.
11. Increases productivity of the organization fulfilling different orders within optimized costs.
12. Controls vendor costs tracking vendor performance.
13. Efficiently tracks overall performance and helps in optimizing overhead costs.
14. ERP helps in reducing inferior operating costs in various functional units of the organization.
15. Smooth and efficient supply chain management is another important benefit of ERP.
16. ERP provides a detailed and updated picture of inventory, sales and receivables.
ERP cannot create magic; so the efficient planning regarding cost and implementation along with the business requirement is very essential for the top management to derive the maximum benefits of ERP. Any miscalculation or mismanagement in ERP implementation can result in serious financial loss of the organization.
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Article Source :
http://www.articleseen.com/Article_Benefits Of ERP - Streamlines Different Functions Maintaining A Smooth Workflow_65318.aspx
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Author Resource :
Read about ERP Benefits. Also know about SAP ERP Review. Read about NetSuite ERP Review.
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Keywords :
benefits for erp, benefits of enterprise resource planning, erp benefits,
Category :
Computers
:
Software
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