Enterprise Resource Planning (ERP) has been widely implemented application software across all the industries these days. Most of the manufacturing companies try to adopt ERP to employ the best practices. This article briefs you on the goals and objectives of the ERP implementation.
Enterprise resource planning implementations are so prevalent not merely because of the hype created in the market but to adopt the best practices to the operations. There are a lot of goals and objectives that most of the companies plan to achieve with the help of ERP implementation.
1. To achieve the potential growth rate.
2. Increase the return on investment
3. Availability of the relevant information on regular basis
4. Better decision support system
5. Scalability of the business operations
These five are primarily considered as the objectives of the ERP implementation. The business owner of any company would want to achieve above five objectives by implementing ERP application. Enterprise resource planning application will bring all the departments onto the single database and eventually helps the company to achieve better communication between the departments.
Most of the companies may not be working up to their potential just because of the non availability of the relevant information and poor coordination between the inter departments. All departments work individually and get the work done and this eventually results in taking much time to complete the given task. With implementation of ERP application, the information flow across the departments is pretty much easy. All the departments can be able access the data of each and every department so that they can take immediate actions.
Return on Investment is another business goal or objective for any company. Companies adopt best practices to augment the return on investment in the long-run. Enterprise resource planning helps the companies in augmenting the return on investment in the long-run by integrating all the functional departments and by doing so all the departments will come to the single database. This makes the decision making process pretty easy for the top management. With all the relevant information on the finger tips, the department managers can effectively take the decisions on working more efficiently.
Availability of the critical information on time is again an important issue to meet the business goals of any company. Enterprise resource planning helps the companies to get the right data at right time to the right person. The communication flow between the inter departments definitely increase the efficiency of the operation process of the company.
ERP is the most widely used application software to meet all these above objectives. The scalability of the business operations is one more issue normally all business owners strive for. Every business owner plans to scale up the company but could not able to do so because of the right system is not in place. Enterprise resource planning helps meet the objective of the business organization effectively and hence the scale up is easy.
ERP implementation has changed the lives of the corporate people. The business owners are pretty much comfortable as ERP application is there to take care of the smooth run of the business operations.