1. It is simply a great way to organize a varety of departments and job roles into a single computer system with information easily avaiable and verifiable.
Foe example as a business grow the use of enterprise resources planning system becomes significant necessity.From processing starting from sales , to order , to invoice to receipt of payment all are often streamlined with the use of such system.
2.It can lead to a contants saving 0ver the use of such a system as the benefit can often eliminated the need to hire additional employees as well as mistake being make from greater amount of tasks being done manually where as they could be automated and streamlined by an ERP system.
3..Consistency and reliability of business data across the organization
4..Streamlined transaction processing within and outside organization
5..Provides operations level reporting on a click of a button
6. It gives you the opportunity of integrating every procedure of your business while improving the quality of several areas simultaneously. These areas include human resources, accounting and operations. In addition, ERP helps to increase your production levels and to control your costs more efficiently, and this means that you will be able to control the whole enterprise more efficiently.
7. They also enhance management decision making by making future projections about sales during a certain period of a certain product. Management would then be able to make decisions whether to increase/decrease production of that particular product which in turn would help save resources from being wasted which could be used for other purposes e.g for making other products. They also help managers make decisions about introducing some new value added features to an existing 'hot-demand' product to enhance sales further. This is how product quality is also enhanced. Inventory costs reduction must be given a great importance in every organization. ERP helps reduce inventory costs by better planning and forecasting of requirements. ERP system helps getting higher return on investments (ROI) in a fast manner.
8. ERP system also poses significant challenges in the areas of information security and business continuity planning.
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