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What are the main reasons to get ERP?

There are many reasons to get ERP system for a successful organization. Here are some of them.

ERP systems automate business processes by putting them into a useful format that is standardized and common for the whole organization, and it could even be used between their suppliers and customers. It captures data about historical activity, current operations and future plans and organizes it into information that every staff member can use to help develop business strategies.

ERP integrates financial data. Managers try to understand the companies' performance, and they may find many different versions of the truth. Financial department have their own set of revenue numbers, and the sales department has its own as well.

The different business units may have their own versions of how much they contributed to revenues. ERP creates a single version of the truth that cannot be questioned because everyone is using the same system, giving managers correct and complete information.

A special case is found in manufacturing enterprises. These companies - especially those with an appetite for mergers and acquisitions - often find that multiple business units across the company make the same kind of work using different computer systems. Standardizing those processes and using a single, integrated computer system can save time, increase productivity and reduce head count besides improving the quality of information.

Other questions:
How ERP system can help manufacturing industry?
What are the risks of the ERP implementation?
Are better known companies the best choice when considering ERP implementation?
Is there any preparation required before an ERP implementation?
What is the ERP life cycle?
What is the role of technology in the ERP selection criteria?
What are the common differences found in different ERP brands?
What makes dot net application compatible to ERP?
How to prevent computer crime by employees?
What is the relation between SCM & ERP?
What is data migration and how it is managed for ERP implementation?
What are the reasons for the popularity of ERP system?
How important is ERP training?
What are the various pre-requisites of ERP?
What is the role of technology in the ERP selection criteria?
How to prepare an organization for ERP implementation?
Should SMEs implement ERP system?
What is meant by enterprise application integration?
What are the roles and responsibilities of ERP vendors?
How is the cost of ERP implementation built up?
What is the difference between ERP and tools for ERP?
What is the typical implementation time frame for ERP system?
What are the difference between service and manufacturing industry?
Why ERP is considered to be the backbone of e-business?
Why can't companies develop their own ERP packages?
What are some key areas in which ERP systems can yield additional cost savings?

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Common ERP Myths

ERP means more work and procedures

ERP will make many employees redundant and jobless

ERP is the sole responsibility of the management

ERP is just for the Managers/Decision-makers

ERP is just for Manufacturing Organizations

ERP is just for the ERP implementation team

ERP slows down the organization

ERP is just to impress customers

ERP package will take care of everything

One ERP Package will suit everybody

ERP is very expensive

Organization can succeed without ERP

 

 

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