Demand grows for ERP there is no doubt that the Enterprise Resource Planning (ERP) systems are in great demand today. Industry analysts are forecasting growth rates of more than 30% for at least the next five years. According to a study conducted on ERP solution, corporate growth has been indicated as the most compelling driver for adoption of ERP amongst senior management respondents.

1. Demand grows for ERP solution
Demand grows for ERP there is no doubt that the Enterprise Resource Planning (ERP) systems are in
great demand today. Industry analysts are forecasting growth rates of more than 30% for at least the
next five years. According to a study conducted on ERP solution, corporate growth has been indicated
as the most compelling driver for adoption of ERP amongst senior management respondents.
Improved customer service, efficient distribution system, and reduced operation expenses are some
of the other important business imperatives that are driving top management to implement ERP
solutions. Majority of CEOs/Senior managers share the same view that ERP is an important tool to
achieve competitive advantage.
Following are some of the major factors of ERP popularity.
 ERP enables improved business performance through cycle time reduction. Cycle time is the
time available at each station for the performance of the work allocated or the time elapsing
between completed units coming of an assembly line. It also helps in increased business
agility, inventory reduction and order fulfillment improvement.
 ERP supports business growth requirements through new products/product lines, new
customers, global requirements including multiple languages and currencies.
 ERP provides flexible, integrated, real-time decision support in improving responsiveness
across the organization.
 ERP eliminates the limitations of the legacy system such as fragmentation of data and
process, inflexibility to change and insupportable technologies.
 ERP takes advantage of the untapped mid-market (medium size organizations) through
increased functionality at a reasonable cost. These are some of the reasons for the explosive
growth rate of the ERP market. As more and more companies are entering into the market,
the ERP solutions providers are facing a competitive market which brings out the best in
them.
Initially the huge cost involved in the implementation of ERP solution has kept many medium scale
industries away from it. However, with the introduction of affordable ERP solutions like eresource ERP,
which is basically intended to serve the small and big players in the field alike, is bringing good benefit
for Indian SMEs. This also contributed to the growth of ERP demand in the Indian market.
For more information kindly visit :
https://www.eresourceerp.com/demand-grows-for-erp-solution.html