benefits of erp

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked over 3 years ago

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8 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pankaj answered almost 3 years ago

Here are the ten key benefits that having an ERP software brings: 1.Scalability: An ERP system is easily scalable. That means adding new functionality to the system as the business needs change is easy. This could mean easy management of new processes, departments, and more. 2.Improved reporting: Much of the inefficiency in operational work stems from improper reporting. With an ERP system, this possibility is eliminated as reporting follows an automated template system, allowing various departments to access information seamlessly. 3.Data quality: As compared with manual record-keeping or other traditional approaches, an ERP system improves data quality by improving the underlying processes. As a result, better business decisions can be reached. 4.Lower cost of operations: An ERP system introduces fundamental innovations in managing resources, which eliminates delays and thus reduces cost of operations. For instance, use of mobility allows real-time collection of data, which is indispensable to lowering costs. 5.Better CRM: A direct benefit of using a good ERP system is improved customer relations as a result of better business processes. 6.Business analytics: Having high-quality data allows businesses to use the power of intelligent analytics tools to arrive at better business decisions. In fact, many good ERP systems have built-in analytics functionality to allow easier data analysis. 7.Improved data access: Controlling data access properly is always a challenge in organizations. With an ERP system, this challenge is overcome with the use of advanced user management and access control. 8.Better supply chain: Having the right ERP system in place means improved procurement, inventory, demand forecasting, etc., essentially improving the entire supply chain and making it more responsive. 9.Regulatory compliance: Having the system in control means organizations can better comply with regulations. Further, the most important and recurring regulatory requirements can be built right into the system.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anil Dhawan answered almost 3 years ago

Here are the top five most common benefits that companies report: 1.Efficiency. An ERP system eliminates repetitive processes and greatly reduces the need to manually enter information. The system will also streamline business processes and makes it easier and more efficient for companies to collect data. 2.Integrated Information. Instead of having data distributed throughout a number of separate databases, all information is now located in a single location. Data is also kept consistent and up-to-date. 3.Reporting. ERP software helps make reporting easier and more customizable. With improved reporting capabilities, your company can respond to complex data requests more easily. Users can also run their own reports without relying on help from IT. 4.Customer Service. It’s easier to provide high-quality customer service using an ERP system. Sales and customer service people can interact with customers better and improve relationships with them, through faster, more accurate access to customers’ information and history. 5.Security. A new system will improve the accuracy, consistency and security of data. Restrictions to data can also be enhanced.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

ERP software programs are being developed and updated all the time. There are different types of ERP software brands available in the market, but companies must choose the right ERP system to suit their needs. India's leading web-based ERP solution provider eresource ERP even offer mobile capabilities so that you can always have a finger on the pulse of your business activities. The biggest advantage of an ERP system is with its real time capabilities and the ability to see what is going on with your company as it happens. It is handy when you deal with high volume of business process. With an ERP system, your company will never have inventory shortages or wasted time spent transferring files.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered about 3 years ago

Scalability: An ERP system is easily scalable. That means adding new functionality to the system as the business needs change is easy. This could mean easy management of new processes, departments, and more. Improved reporting: Much of the inefficiency in operational work stems from improper reporting. With an ERP system, this possibility is eliminated as reporting follows an automated template system, allowing various departments to access information seamlessly. Data quality: As compared with manual record-keeping or other traditional approaches, an ERP system improves data quality by improving the underlying processes. As a result, better business decisions can be reached.

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Open uri20170510 32134 tcchcu?1494421832 Jitendra Suthar answered over 3 years ago

Hiiiii Uma, **Implementing a good ERP application will deliver key benefits including:** • integrated business processes • one central database with no duplication of data • a single ‘view of the truth’ • easy-to-use, powerful reporting across the whole suite (and therefore the whole organization) • the same look-and-feel across the whole system, making training and using the ERP very straightforward. Regards,

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 3 years ago

**BENEFITS OF ERP** 1. Integrated Information The key benefit of implementing ERP is integration. ERP helps in reducing operational costs by coordinating various departments of the organization. The major idea behind ERP is to control accuracy as well as redundancy of data and data entry. This centralized working system is able to replace multiple, disconnected databases with a single system, incorporate different applications and data sources. It also aims to lowers help desk support and marketing cost. In addition, this real time application has the capabilities of interfacing internal and external entities. Moreover, ERP is an ideal application to improve the cooperation between departments and employees as well as communication with prospects and customers. 2. Standardization of processes A manufacturing company that has grown through acquisitions is likely to find that different units use different methods to build the same product. Standardizing processes and using an integrated computer system can save time, increase productivity, and reduce head count. It may also enable collaborating and scheduling production across different units and sites. 3. Standardization of human resource information This is especially useful in a multi-site company. A unified method for tracking employee time and communicating benefits is extremely beneficial, because it promotes a sense of fairness among the workforce as well as streamlines the company as a whole. 4. Effective Management of Repeatable Processes One of the fundamental objectives of ERP systems are repeatable processes. By creating repeatable processes management is able to ensure that tasks are done using organization-wide best practices. Employees are able to improve quality by performing tasks the same way each time. Repeatable processes also reduce the risk of a key employee leaving with his or her knowledge of how a job is done. These types of processes are also easier to change. Because a large number of people are performing the same set of tasks, finding improvements can be easier. Rolling out those changes organization-wide can also be easier. 5. Lower Training Costs Standardizing these processes also results in lower training costs. Because the processes are the same throughout an organization, training programs that are standardized, reduce overall development costs. By standardizing processes, training can be patterned and optimized to reduce the time spent in training. Reduced time spent in training means less non-productive time. 6. Reduced Inventory Costs Many ERP systems, especially systems designed for manufacturing industries, are customizable for lean manufacturing or other parts-control management systems. By linking repeatable processes with inventory usage, a manufacturer can maintain lower parts inventories. This is possible because of the integration between processes and ordering. Each time a procedure is executed; inventory levels can be updated in real time. Once a pre-defined level of parts inventory is reached, replacements can be automatically ordered from the supplier. 7. Improved Business Visibility Depending on how a system is implemented, one objective of an ERP system might focus on business performance and operations visibility. By creating reports based on actual manufacturing tasks, the overall performance of the organization can be more easily analyzed and optimized. Things that might require tracking include time it takes to complete tasks, production levels, and production units per units of time and almost any measurable that could help an organization analyze performance. 8. Increased Profits By optimizing production through process visibility, the cost per production unit can be reduced. Reducing training costs can, again, add to the bottom line. By reducing inventory levels, less money is tied up in non-liquid business resources which increase available cash to allow a company to make faster business decisions. 9. Enhanced and Efficient Technology This software enhances day to day management activities. It also supports strategic planning that defines objectives for the business. Since it has better data accessibility, top management can also use this tool to make better and more effective decisions. In addition, ERP system has a capability of eliminating manual activities and streamlining critical business processes for many departments of an organization. The following are some more benefits that improve the efficiency of an ERP system: 10. Easy Reporting An ERP system improves and customizes reporting. It provides easy technique of generating reports. With better access to data you can generate and manipulate reports anytime you want to. 11. User Friendliness This robust and user-friendly application easily eliminates problems without over-grown data tables. Moreover, non-technical people can easily access data or information using ERP applications. This handy application also allows you to deal with high volumes because of its real time capability and future based orientation. Thanks

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Data?1494421730 rohit awasthi answered over 3 years ago

Dear Friend > Benefits of ERP -- Integrate financial information -- Integrate customer order information. -- Standardize and speed up operations processes. -- Reduce inventory. -- Standardize Human Resources information . -- Common definitions. -- Common database. -- Update one module, automatically updates others. -- One common system - less duplication, more efficient -- Customer focus - better customer service -- Open communications among business partners -- Adherence to standard business practices -- Removes need for in-house development -- Good reporting capabilities -- Support for multiple currencies and languages. The Advantages of ERP Installing an ERP system has many advantages-both direct and indirect. The direct advantages include improved efficiency, information integration for better decision making, faster response time to customer queries, etc. The indirect benefits include better corporate image,improved customer goodwill, customer satisfaction, and so on. The following are some of the direct benefits of an ERP system, -- Business Integration -- Flexibility -- Better Analysis and Planning Capabilities -- Use of Latest Technology Business Integration The first and most important advantage lies in the promotion of integration. Thanks

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Diya Bhattacharya answered over 3 years ago

Enterprise Resource Planning (ERP) is a business management software that covers a variety of vital functions and integrates every department of your business around the globe by providing real-time view of your data and processes. Benefits of ERP **Tangible Benefits**- 1. Reduction of lead time 2. Reduction of cycle time 3. Onetime shipment 4. Reduction of work in process inventory 5. Increase in inventory turnover **Intangible Benefits**- 6. Better customer satisfaction 7. Increased flexibility, quality, and efficiency 8. Improved information accuracy and decision making capability 9. Improved resource utilization 10. Improve vendor performance 11. Reduced quality costs 12. Forecasting and optimization 13. Better transparency

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