Do You Need An Erp System?

Adoption of an ERP system enables an organization to eliminate dozens or even hundreds of separate systems and replace them with a single, integrated set of applications for the entire enterprise.

In general, ERP systems are designed to standardize information entry and create data storage for information sharing across the organization. There are numerous advantages of ERP but skeptics argued on the fact that these advantages can be also achieved by simplification and lean production methods. IT systems could be effective and reliable in the long run but at the same time there is an uncertainty about whether it will align with the concerned business process. For instance, the ERP system implemented at the Korey plant to replace MRP system failed. Though it met the requirements of individual unit and enabled employees with wide range of

Enterprise Resource Programming, or similar systems, have become a major part of a company’s tool set. Because of the fast pace of today’s society, the business environment has to struggle continuously in order to keep up. ERP enables companies to accomplish that by creating a “one stop shop” for all of the company’s vital information. This gives a business the ability to streamline the process of getting the item in question from the factory to the customer as quickly as possible.

This white paper discusses the 6 Key Decision Drivers that you should consider as you evaluate ERP software products. These 6 criteria are: • Functionality • Technology • Software Vendor • Implementation Vendor • Support & Maintenance • Total Cost of Ownership If you ask the right questions of software vendors you will collect the right information to make an informed decision when selecting an ERP solution. The software should provide you with more than a basic functional fit, it should provide a strategic advantage to drive efficiency and expand your business. You are buying a tool that you can use to support the business functions of your company and

ERP system integrates technology that ensures the operation are managed and used effectively by organization (Maguire et al., 2010). This system enables an organization can observe the different departmental functions in one database. It improves and shortens the business process, so restructure is essential for existing business.

Enterprise resource planning software such as Oracle and SAP is highly effective tools to manage and analyse the multidimensional aspects of businesses such as financials, operations and corporate services, human capital management, etc. (Priyadarshini, 2002). A company using the ERP financial products (Priyadarshini, 2002) can save a lot of money over the long term and the organization's productivity will be improved. Furthermore Morris (2011) suggested that those firms which are implementing ERP systems are less likely to report internal control weaknesses compared to non ERP implementing firms. However Kwasi & Salam (2004) noted that ERP implementation is very risky as it requires large amount of investments and significant organisational resources.

Implementing an ERP system is not easy and can be very challenging. Managers should be able to recognize and implement strategies to minimize risk, if they recognize the nature and magnitude of the risks they face in the implementation process, they are able to minimize the risks by employing project management and control strategies to address the challenges they face. There are some risks involved with ERP implementation, which involve technology, organization, people, and project size.

This choice is a comprehensive ERP integration plan, proved to be most costly and time-consuming plan. This plan also contribute to

Regardless of what industry your business is a part of, implementing an ERP system is a crucial venture that must be taken seriously for it necessitates strong commitment by the project team and solid support by the business leaders for guaranteed success. It is a known fact that ERP deployment is among the most costly, labour-intensive, lengthy, and complicated tasks a project team can take on.

This essay is going to be provide a clear overview on how a specific company has integrated the system of ERP in their

Enterprise Resource Planning(ERP) integrates the external and the internal management of information across the organization. ERP systems automate the different business processes like sales and service, customer relationship management, finance, accounting, manufacturing with an integrated software application. It is a complex software package that integrates the data and the processes across the organization. Separate systems were maintained in 1960’s by the organizations for different business functions which required frequent updates and lead to ineffeciences in the organization. Since it’s inception in 1990’s ERP systems have been developed drastically with top players like SAP and Oracle. These systems have improved data efficiency, improved data accuracy, improved efficiency and productivity. Many companies tried to implement ERP, some failed while some successfully implemented it. The following paper describes what were the factors that lead to industy’s biggest ERP failures and what companies did the right things for successful ERP implementations.

Smart companies will try to avoid modifying a packaged ERP system. Modifications are costly and delay the time-to-benefit for the system. Modifications severely complicate support, maintenance and upgrades to the system, and may compromise the system’s function and integrity. A packaged ERP system is considered to be a “good fit” if it handles 80% or more of the company’s needs right out-of-the-box. The remaining 20% should be resolved through procedural changes (maybe you shouldn’t be doing it that way or doing it at all), work-arounds, or add-on software from a reputable supplier.

ERP has become a potential solution which the companies are aiming for to improve their business process performances. There are various challenges that are encountered by the organizations in terms of people, process and systems oriented issues in the usage of disparate systems. In aim of increasing their business operations, the companies are eying at ERP as potential solutions. In this research paper the focus is upon understanding how ERP can be resourceful and few case outlooks has been discussed on the successful implementation and the potential benefits the organizations could gain.

The ERP landscape is rapidly changing. First step in any ERP selection process should be to assess what’s available in the market, and to gain understanding of how technology has changed. Schedule time with vendors especially those who have a reputation for being forward looking and innovative. Take the time to do some demos in order to identify new opportunities for efficiency improvement. The shift away from customization towards configuration is one example of technology changes that you risk losing out, if you think traditionally. Configurable standardized solutions are emerging as

There are several common approaches to ERP integration, and each provide their own unique strengths and weaknesses.