Enterprise resource planning – the backbone for the success of modern businesses
It is common to see many businesses failing in the modern business world because of the intense competition. The need for extreme competitiveness, flexibility and right information puts extreme pressure on the operation and financials of each business. More and more businesses are forced to close down the operations because of the higher costs and increasing competition. The best way to beat the problems and create successful operations is with the implementation of an enterprise resource planning system.
Enterprise resource planning system is software that integrates the hardware and software resources of a business unit in to a unified system enabling easy and effective free flow of information within and outside the business organization. It is very effective in improving the quality of customer service with timely response to the queries, integrates information and information processes to create a source of data that can be easily accessed by all functional units of the organization enabling effective decision making.
The enterprise resource planning system has become the backbone of the modern business world helping each business unit to become competitive by making use of the available resources in an optimum way and also by enabling the free flow of information within the organization facilitating effective decision making. It is very important to choose an ERP system that suits the existing needs and foreseeable future needs of a business organization. The system should be able to fill the existing gaps in the different functional units.
The following are the features of an effective enterprise resource planning system:
• An ERP system facilitates the effective integration of various operational processes of a business unit, creating a unified system that is easily accessible to the complete business organization. This integration helps in quick decision making throughout the organization.
• Enterprise resource planning creates a platform within the organization that facilitates for effective reporting of information and decisions enabling higher employee satisfaction thereby increasing productivity.
• It creates a platform which enables easy implementation of new technologies and developments in the business space.
• It creates close coordination in between all the business segments like the sales and distribution, marketing, procurement, accounts, human resources etc. The enterprise resource planning is very effective in asset management and human resources planning. It helps add value to the business operations by improving the utilization capacity of the available resources.
It would be extremely beneficial for every company to implement enterprise resource planning system that can become the backbone of the profitable business over the long run.
Enterprise resource planning system is software that integrates the hardware and software resources of a business unit in to a unified system enabling easy and effective free flow of information within and outside the business organization. It is very effective in improving the quality of customer service with timely response to the queries, integrates information and information processes to create a source of data that can be easily accessed by all functional units of the organization enabling effective decision making.
The enterprise resource planning system has become the backbone of the modern business world helping each business unit to become competitive by making use of the available resources in an optimum way and also by enabling the free flow of information within the organization facilitating effective decision making. It is very important to choose an ERP system that suits the existing needs and foreseeable future needs of a business organization. The system should be able to fill the existing gaps in the different functional units.
The following are the features of an effective enterprise resource planning system:
• An ERP system facilitates the effective integration of various operational processes of a business unit, creating a unified system that is easily accessible to the complete business organization. This integration helps in quick decision making throughout the organization.
• Enterprise resource planning creates a platform within the organization that facilitates for effective reporting of information and decisions enabling higher employee satisfaction thereby increasing productivity.
• It creates a platform which enables easy implementation of new technologies and developments in the business space.
• It creates close coordination in between all the business segments like the sales and distribution, marketing, procurement, accounts, human resources etc. The enterprise resource planning is very effective in asset management and human resources planning. It helps add value to the business operations by improving the utilization capacity of the available resources.
It would be extremely beneficial for every company to implement enterprise resource planning system that can become the backbone of the profitable business over the long run.
