Implementing Enterprise Resource Planning is must for any organization which aims to automate and harmonize the business processes. Enterprise resource planning market is poised for high growth rate for recent years. ERP has been evolved as one of the most desired software application for almost all the industries in India.
India has emerged as one of the key economic players in the world. Almost all the manufacturing companies, educational institutes, Business process outsourcing units are trying to implement ERP. This actually moved the demand of ERP so high. The main reason behind this demand is the competition in the market. Every company is competing with other company. Because of pure competitive pressures, almost all the companies are looking at enterprise resource planning application these days.
If you look at early 90s there are very few big companies have implemented enterprise resource planning application. Once the Indian economy was opened its doors to the globalization, the ERP market trend was changed entirely. Enterprise resource planning was become buzz word those days. All the big and affordable companies have started implementations. Of course, some of the implementations were failed purely because of the hurriedness of the business owners.
The same trend is still continuing but with a little bit of maturity. There is no hurry in the process of implementation these days. ERP is not mare software which you can install in your computer. It has changed the game of the business operations.
Most of the companies have already seen the results from the ERP. In fact, it helped companies in designing the competitive strategy to stay ahead of the competition. The other biggest reason for the growth trend in India is that most of the companies have gained good return on investment (ROI). It controls the costs, improves the efficiencies of the resources inside the company and results in better ROI. As many foreign investments coming to India, business owners are striving to improve the efficiency to attract these investments. Enterprise resource planning has helped them to streamline the process and improving the efficiency. This is also a major contributor of the ERP growth in India.
Most of the medium sized manufacturing companies in India are trying to keep up with the global standards to meet the specific and specialized requirements. ERP has made a room for them to achieve all these special needs in present days.
We can expect all small companies will start implementation in coming days to beat the competition and to streamline the business process and try to keep up with the market changes. It is wise to adopt latest technologies to keep the movement going along. Otherwise there is a chance of taking a back seat in this competitive world.
1. Keep up with the competitive pressures
2. To achieve better ROI
3. Some companies are trying to adopt the best practices in the industry
These are the most intriguing reasons behind the rapid growth of ERP market in India.
