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Advantages Of Erp System

Decent Essays

1 EXECUTIVE SUMMARY
In this report, I will discuss the various aspects of an ERP system with a research on how the beverage industry operates in physical mode and how my choosen organisation is gaining competitive advantages via the ERP system.

2 INTRODUCTION
In order to compete in the industry with other competitors effectively, organisations must seek to achieve competitive advantages over them and Enterprise Resource Planning (ERP) can play an important part in helping organisations to gain and sustain competitive edge.
What is ERP? ERP is short for enterprise resource planning and it is a business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources. ERP software integrates all facets of an operation, including product planning, development, manufacturing, sales and marketing. (http://www.webopedia.com/TERM/E/ERP.html)
There are many components that make up the ERP system, Finance Management, Human Resource Management, Supply Chain Management, Manufacturing Resource Planning and Customer Relationship Management are the few fundamental components. In this report, I will focus on Finance Management, Human Resource Management and Manufacturing Operations.

3 WHAT IS COMPETITIVE ADVANTAGE? …show more content…

There can be many types of competitive advantages including the firm's cost structure, product offerings, distribution network and customer support. Competitive advantages give a company an edge over its rivals and an ability to generate greater value for the firm and its shareholders. The more sustainable the competitive advantage, the more difficult it is for competitors to neutralize the advantage.

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