Enterprise resource Planning

Enterprise resource Planning

The concept of 'Enterprise Resource Planning'

It is a very successful initiate to digitize the business, stands for 'enterprise resource planning'. It is defined as “it is a system that attempts to integrate internal and external coordination of information and business function for an organization”. It encompasses a software application package that integrates the business together. The system was invested in the year 1990, by the Gratner Group, the system attained immense success in cost-effective approach and building business integration to gear up competitive advantage. the system initially catered to the manufacturing concerns, however, today it leads the world by serving all types and forms of business organizations (Ifinedo, 2006).

Gradual process of getting a success ERP for an organization

ERP has a huge market demand today; however, it needs huge responsibility to look for the most appropriate resource itself, as well as, the appropriate vendor to get it. The execution of ERP for any organization it not an easy task, and therefore, it has a gradual course of action discussed as under;

Measuring the success of ERP

Before deciding to implement and execute ERP for any organization, one has to ensure the benefit and cost-saving it renders to the organization, with regard to, streamlining operations, increase in revenues and decreasing cost. A firm also has to assess its impact on market share and organizational objectives.

Process improvement

The firm ought to assess the effect of process improvement in an organization that leads, to more efficient and effective outcome with integration of business functions through the software. The organization has to assess what changes are likely to occur in the business processes after implementation of ERP.

Set Priorities

A firm has to see the critical issues that are needed to be addressed before the installation of ERP, it has to address each change that ...