Enterprise Resource Planning ( Erp )

1539 Words Nov 2nd, 2016 7 Pages
Introduction
Today Enterprise Resource Planning (ERP) is extensively adopted by many organizations regardless of kind and size, mainly because it provides enterprise wide view of information across all their business operations and help organizations achieve consistency across all their functional departments. The potential benefits of ERP system implementation include improved coordination across functional areas, increased efficiency, reduced operational costs, rapid access to information for decision making, managerial control and support for strategic planning.
Successful ERP implementation offers standardization, simplification, integration, automation and optimization of multiple complicated operational procedures as well as various business internal operations including Accounting and Finance, Production and Materials Management, Human Resources, Customer relationship management and Supply Chain Management and so on.
However, ERP system implementation is successful when it achieves a substantial proportion of its potential benefits. Not all ERP implementations are successful, often companies shifting from legacy to ERP systems face difficulties in deriving potential benefits from its implementation. ERP systems are complex and huge and their implementation is not easy. Moreover, the implementation of ERP systems consumes significant levels of time, effort, involve tangible and intangible costs and demand commitment from organizational resources. Once ERP system is…
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