ERP SYSTEMS
ERP systems, fundamentally, integrate the different processes necessary in a business into a centralized group that facilitates data sharing and eliminates overloads.
Advantages of an ERP system:
- Information entered once into system.
- Forces use of the best practices.
-Allows customization.
- Based on reliable file structure.
- Provides functionality to interact with other elements in the process.
-Provides tools for ad hoc queries.
ERP is a tool to support your business. Close linkage to business must be reviewed and monitored to ensure that the required information is made available to the right people at the right cost and in the right format so as to gain competitive edge in the era of global competition. It is observed that, when a business crosses the boundaries of the nation and becomes multinational, it has no other option but to use ERP so as to standardize operations worldwide.
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