Business Management, ERP
  Home Business Books Career Tips ERP Books Internet Business ERP Self Help Articles
 
Review Section
Oracle
SAP
NetSuite
Infor
Aplicor
Sage
Microsoft
Epicor
Dynamics AX
Dynamics CRM
Dynamics GP
Dynamics NAV
Dynamics SL
mySAP
Sage MAS 90
SAP Business One
Intacct
Tally
 
Management Section
What is Six Sigma?
Six Sigma Methodology
Lean Six Sigma
Process of Six Sigma
Six Sigma Benefits
Quality Improvement
Implementing JIT
On The Job Training
Training Guidelines
Effective Communication
Global Communication
Improve Interpersonal Skills
Leadership Qualities
Leadership
Leadership Activities
Charismatic Leadership
Leadership Failure
Leadership Traits
Maslow Hierarchy
Entrepreneur Management
Office Time Management
Time Management Tips
Boston (BCG) Matrix
Product Life Cycle
BPR
Problem Solving Tips
Negotiation Tips
Risk Management
Strategic Planning
Change Management
Workplace Strategy
E-Commerce Importance
Risk Analysis
 
Career Section
Resume Writing
Resume Cover Letter
Job Interview Questions
Become Web Designer
Start Doing Freelance Work
Self Employment Ideas
Become an Entrepreneur
Start an eBay Affiliate
Work as a Freelance Writer
Become a Webmaster
 
Feng Shui Section
What Is Feng Shui
Feng Shui Tips
For Wealth
For Office
For Prosperity
For Career
Remedies
Principles
Business Growth
Colors and Directions
For Good Luck
Office Interiors
Office Desk
Office Website
For Job
Home Office
 

Advantages of ERP

SocialTwist Tell-a-Friend


ERP is software which integrates all functionalities of the organization in a single database. It streamlines all the business processes and gives desired result on a click of a button. Earlier ERP was for big organization due to its cost, but now it is made for SMEs (Small and Medium Enterprises) of different segments.

ERP software incorporates a large amount of industry specific business functionalities which will ensure less customization or sometime no customization (except reports) to make the package suitable to your business operations.

Most important advantage of ERP software is integration of all the business solution in a single platform, which reduces unnecessary paper work, documentation, repeated entry, cycle time etc. The software also comes with its framework of upgrades to changing technologies.

In the ERP software business functionalities and operating processes are built into standard software codes, thus it require lesser time to understand process related issue of implementation and gives industry specific best practices.

ERP software automates the business processes and also forces its own logic (industry specific) on the business. Verticalization (industry specific) of ERP is increasingly becoming the buzzword across all the ERP vendors. While the other standard solutions may give 55-65% to your business, the same can be as high as 90% with industry specific solutions.

Accounting applications is another advantage of ERP. It can integrate the costing, profit, and revenue information of sales that are made etc.

Other Advantages

* Speeding up the whole manufacturing process
* Better and systematic inventory handling with ABC analysis
* WIP (work in progress) control
* Easy project management
* Accessing the status of the goods on a click of a button
* Fast transmit commodities through online transactions
* Fastens the creation of reports
* Reduce paper works and repeated entry
* Quick processing of information
* Serving the customer efficiently in time
* Solve the customer problem quickly
* Information based decision
* Better finance reports
* Better supply chain management
* Better vendor management
* Reduce process cycle time





 Read Related Articles

Benefits of ERP for SME
ERP for Process Manufacturing
Customization of ERP Software

SocialTwist Tell-a-Friend
 
Subscribe to my feed
Join our Newsletter for FREE Entrepreneur Tips!
Enter your email address:

ERP Category

Definition  

History  
 
 
 
 
 
 
Features and Functions  
Fundamentals  
Software Selection  
Vendor Selection  
For SME  
For Manufacturing  
Low Cost Software  
Implementation Strategy  
Implementation Obstacles  
Web Based ERP  
Lean Manufacturing  
Failures and Prevention  
 
 
 
Implementation Best Practices  
Implementation Planning  
Implementation Risk Factors  
Effects on SME  
SAP HR  
SAP B1  
Microsoft Navision  
Infor Syteline  
SAP R/3 Architecture  
Future of ERP  
SAP B1 in India  
Books  
Myths and Facts  
FAQs  
Process Manufacturing  
CRM Trends  
Best CRM Practices  
CRM for FMCG  
What is SCM  
For Construction Firm  
For Garment Firm  
Internet Business

Home Business Ideas  
 
 
 
 
 
Make Money with Clickbank  
Niche Marketing  
Affiliate Marketing  
Work At Home  
Health Care Opportunities  
Entrepreneur Moms  
Twitter Marketing  
Web Based Opportunities  
Teen Entrepreneur  
  Home Business Books Career Tips ERP Books Internet Business ERP Self Help Articles
Business Communication Entrepreneur Ideas Self Employment Accounting Software
ERP Companies ERP Consultant ERP Job Training Software-as-a-service
SAP Courses Small Business Ideas GAP Analysis Sitemap XML (1, 2)


Copyright © NickMutt.com All Rights Reserved.