How does ERP create value?

Enterprise resource planning uses a single database, where most information is entered once and only once.

Since the data is available on-line and in real-time, virtually all the organizational users have access to the same information for planning and control purposes. This can facilitate more consistent planning and control, in contrast to legacy system.

• Integrate the organization's activities
• Force the use of 'best practices'
• Enable organizational standardization
• Eliminate information asymmetries
• Provide on-line and real-time information
• Facilitate intra-organization communication
• Enable inter-organization collaboration