Enterprise Resource Planning (ERP) is a business process management software to improve the business performance. Enterprise resource planning is a term derived from material resource planning and is an information system that integrates and automates all departments within a company. The concept of business performance can be operationalized as financial gains by the organizations with impeccable and precise implementation of the ERP software system.
It is an integrated system to manage the business and many back office functions related to technology, services and human resources. It is cross functional and span entire enterprise wide. All functional departments that are involved in operations or productions have their functions integrated into one system. ERP includes the management of every operations in a value to minimize cost and time.
Today, various ERP software companies offer ERP software package embodies established way of doing business. It provides an organizational infrastructure through which people work and imposes their own logic on company’s strategy, organization and culture. ERP implementation refers to the stage of system planning, configuration, testing and final implementation. It is used to measure operational efficiency and strategic success. Operational efficiency is usually reflected in revenue growth and gains in market share.
Changes in organizational resources may not result in immediate success due to adjustment costs, learning and other factors.But its real benefits can be realized in later period as it systematize and automate the entire software system.
Financial ERP systems are doubtlessly the most important and most widely used ERP system for firm performance.
Identifying key success factors is impossible and ambiguous due to the complexity of an ERP implementation project, this research found several factors, particularly focused on an Indian environment, that can contribute to the success of an ERP system implementation.
Some strong benefits of ERP:
1.ERP system is a large-scale, real-time integrated application packaged software that support business processes, information flows, reporting & business analytics.
2.It forms a backbone for the entire system as it handles majority of business transactions, organisational structure, automation & efficient reporting.
3.It changes the nature of every business
4.It offers a unique way of configuring and customizing the ERP system
5.It reduces the cost of business operation through optimization, integration and automation of business processes have contributed to cost efficiencies.
6.It cause tight coupling of structure, processes, business rules and along with its interdependencies
7. It offers process optimization: standardizing & improving the processes.
8.It enhances the delivering capability
The above benefits suggests that the capabilities delivered by the ERP system have resulted in increased access to information, improved quality for decision-making. While still ERP assistance that is promised by the ERP vendors is not realised and delivered in full fledge. However, it changes the way of doing the business and handling different issues.
ERP Software Solutions, Web Based ERP for Construction & Manufacturing 