- ERP is the stands for Enterprise Resource Planning.
- ERP could be described as a database software package that supports all of a business processes and operations including manufacturing, marketing, financial, human resources,etc.
- The integration of all of a company's information from all departments, processes, operations, etc. requires that an ERP system be very sophisticated. This in turn requires a company to commit considerable resources for planning, training, and implementing an ERP system.
Before ERP vs After ERP :
How ERP System Works :
Advantages of ERP :
- ERP can improve quality and efficiency of the business. By keeping a company's internal business processes running smoothly, ERP can lead to better outputs that may benefit the company, such as in customer service and manufacturing.
- Integration of the various departments ensures communication, productivity and efficiency.
- ERP software provides a top-down view of an organization, so information is available to make decisions at anytime, anywhere.
- Improved speed and efficiency in business growth.
Disadvantages of ERP :
- Adopting ERP systems can be expensive.
- Time taken to implementing the ERP system.
