An ERP system can enhance profitability through increased sales or reduced costs. It provides healthy operations by integrating systems across departments and the enterprise, improving customer service and using latest technologies. ERP helps address competition through managing manufacturing challenges, operating globally, and satisfying customer needs. It also responds to industry demands for lower cost and better products, flexibility, and informed decision making. Implementing an ERP system solves problems around inaccurate or untimely information, incomplete applications, and time-consuming modifications.
An ERP system can enhance profitability through increased sales or reduced costs. It provides healthy operations by integrating systems across departments and the enterprise, improving customer service and using latest technologies. ERP helps address competition through managing manufacturing challenges, operating globally, and satisfying customer needs. It also responds to industry demands for lower cost and better products, flexibility, and informed decision making. Implementing an ERP system solves problems around inaccurate or untimely information, incomplete applications, and time-consuming modifications.
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An ERP system can enhance profitability through increased sales or reduced costs. It provides healthy operations by integrating systems across departments and the enterprise, improving customer service and using latest technologies. ERP helps address competition through managing manufacturing challenges, operating globally, and satisfying customer needs. It also responds to industry demands for lower cost and better products, flexibility, and informed decision making. Implementing an ERP system solves problems around inaccurate or untimely information, incomplete applications, and time-consuming modifications.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
1. To Enhance Profitability: a) Increase in sales b) /or Reduce Procurement Cost
2. for Healthy Operations:
a) Integration of Systems across the Functional Departments in a Company as well as across the Enterprise as a Whole. b) Better Customer Service. c) Introduction of Latest Technologies as and when the are ready for the Industry acceptance d) Expertise database e) Avoids data redundancy
3. Competition in the Market:
a) Manufacturing Challenges. b) Manufacturing Globally. c) Distribution network spread. d) New Product introduction. e) Lower manufacturing lead time. f) Focus on industry markets. g) Satisfying the needs of customers. h) Develop specific business methods and processes. i) Integration with third party products.
4. Demands on the Industry:
a) Better products at lower costs b) Tough competition c) Need to analyze costs / revenues on a product or customer basis d) Flexibility to respond to changing business requirements e) More informed management decision making
5. Solving the Problems:
a) Unable to get accurate, timely information b) Applications not complete for existing business practices c) Modifications are time consuming or not feasible
Solving these Problems will the company ahead of competition!