Benefits of ERP

General Benefits:

• Increased operational efficiency
• Improved customer satisfaction
• Enables better decision making and forecasting
• Provides support for business growth
• Scalable and flexible solutions providing for future changes
• Better tracking of inventory
• Provides a centralized framework for all business processes
• Provide timely, accurate information
• Connect to global customers, partners, and suppliers as efficiently as possible
• Seize new opportunities and achieve competitive advantages
• Satisfy regulatory requirements for financial reporting

Typical Quantitative Benefits

• Reduction in time for book close(monthly, quarterly, annually)
• Reduction in time for preparation of monthly MIS for senior management
• Better working capital management thru visibility of inventory, production, strict credit control for customers
• Reduced inventory carrying cost due to efficient procurement process–reduction in lead time from indent to procure to issue
• Reduce operational costs and improve efficiency
• Enjoy better visibility of transactions across the enterprise
• Make better business decisions
• Deliver the right product at the right time
• Keep customer promises
• Adopt manufacturing best practices

Typical Qualitative Benefits

• Standardization of business processes across plants / units of the organization
• Real time data integration
• Single point data entry improves data quality and consistency
• Cross-function access to information, more holistic picture
• Analysis of single source of data
• On screen enquiry
• Data drill down
• Reduction in manual efforts, duplication of work, non-value adding activities
• Enhanced internal controls including segregation of dutie