Enterprise Resource Planning generally referred as ERP is a software solution deployed for an organisation to manage their internal operations like Sales, Marketing, HR, Production, Manufacturing, Supply Chain Management and many other modules that are part of a general business flow.
Having an ERP is a crucial part of any business. You can not maintain a big business without an ERP Management System as it is not feasible to handle different operations manually,
What Problem It Solves
ERP is a centralised system which synchronise all the operations and activities of business, making it easy for different departments to fetch the information at any point of time without being worried about the absence or presence of other department representatives.
It has been a general problem where Sales department is not aware of proper inventory of a product, hence accepting the order but failed to execute it. Accounts department is not updated with payment that has been made to vendor, hence creating chaos around Vendor and Company relationship.
How It Solves The Problem
In ERP all the modules speak to each other through a centralised database, whenever any activity is happening it goes to the centralised database and if any department fetches the information it comes from central database. This database is updated all the time with latest information and there is no chance of data discrepancy.
Also the overall performance of the business goes up as the time taken to complete any activity reduced by at least 70%.
What is the overall impact
- Overall Business Growth
- Less Human Error
- Better Data Capturing and Analysis
- Task Synchronisation