Integration among different functional areas to ensure proper communication, productivity and efficiency
Design engineering (how to best make the product)
Order tracking, from acceptance through fulfillment
The revenue cycle, from invoice through cash receipt
Managing inter-dependencies of complex processes bill of materials
Tracking the three-way match between purchase orders (what was ordered), inventory receipts (what arrived), and costing (what the vendor invoiced)
The accounting for all of these tasks: tracking the revenue, cost and profit at a granular level.
ERP Systems centralize the data in one place preventing loss of sensitive data.
ERP facilitates company-wide Integrated Information System covering all functional areas like Manufacturing, Selling and distribution, Payables, Receivables, Inventory, Accounts, Human resources, Purchases etc.,
ERP performs core corporate activities and increases customer service and thereby augmenting the Corporate Image.
ERP bridges the information gap across the organization.
ERP provides for complete integration of Systems not only across the departments in a company but also across the companies under the same management.
ERP is the only solution for better Project Management.
ERP allows automatic introduction of latest technologies like Electronic Fund Transfer (EFT), Electronic Data Interchange (EDI), Internet, Intranet, Video conferencing, E-Commerce etc.
ERP eliminates the most of the business problems like Material shortages, Productivity enhancements, Customer service, Cash Management, Inventory problems, Quality problems, Prompt delivery etc.
ERP not only addresses the current requirements of the company but also provides the opportunity of continually improving and refining business processes.
ERP provides business intelligence tools like Decision Support Systems (DSS), Executive Information System (EIS), Reporting, Data Mining and Early Warning Systems (Robots) for enabling people to make better decisions and thus improve their business processes
An ERP system is capable of providing large amount of information and data regarding various items at relatively high speed and accuracy. The system also provides with exceptionally high levels security. The system is capable of working in a highly diverse environment and can perform tasks across various companies, is multi lingual and can handle transactions in various currencies.
ERPs are cross-functional and enterprise wide. All functional departments that are involved in operations or production are integrated in one system. In addition to manufacturing, warehousing, logistics, and Information Technology, this would include accounting, human resources, marketing, and strategic management.