Benefits of Enterprise Resource Planning


Chrisnoblet3

Uploaded on Feb 24, 2022

PPT on Benefits of Enterprise Resource Planning.

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Benefits of Enterprise Resource Planning

BENEFITS OF ENTERPRISE RESOURCE PLANNING Introducti on ERP systems integrate all business management functions including planning, inventory/materials management, engineering, order processing, manufacturing, accounting and finance, human resources etc. SOURCE: www.geeksforgeeks.org Direct and indirect Advantage Installation of an ERP system has many advantages. The advantages may be both direct and indirect. The direct advantages include efficiency improvement, integration of information, faster response time to customer queries, etc. SOURCE: www.geeksforgeeks.org Key Benefits • Integrating and sharing of information across different departments. • Reducing redundant data entry and processes. • Guarantee for the security of organization data. • Better communication across various departments. • Improving workflow and security. SOURCE: www.geeksforgeeks.org Informatio n The Imonst imtpoertangt bernefiat ist priomootion of integration. It is because it has the ability to update data between nrelated business functions and components. Also the people involved in a project are interlinked to each other, thus it help in improvement of productivity. SOURCE: www.geeksforgeeks.org Reduction of Lead- Lead-Time is thTe elaipmsed timee between placing an order and receiving it. By reducing Lead- Time organization should have an efficient inventory management system, which is integrated with the purchasing, production planning and production departments. SOURCE: www.geeksforgeeks.org On Time Shipment ERP system are designed to help your company to reduce data transfer time, reduce errors and increase design productivity. By using steps of ECO i.e. Engineering Change Order, ERP system automatically implements change in production database. Thus by using these, an ERP system ensures on time delivery of goods to customers. SOURCE: www.geeksforgeeks.org Reduction in Cycle It is time betwTeen ithme placeement of order and delivery of product. There are two types of situations; one is make-to-order and second one is make-to-stock. In both cases cycle time can be reduced but more time is saved in make-to-order case because in this ERP system save time by integrating with CAD/CAM systems. SOURCE: www.geeksforgeeks.org Better Customer Satisfactio ERP system is capablne of producing goods in a flexible way with consideration of time and cost management. It means will get individual attention and get services without spending more money or waiting for long period. SOURCE: www.geeksforgeeks.org Increased Flexibility Product flexibility is type of ability of the operation to efficiently produce highly customized and unique products. ERP system not only improve flexibility of manufacturing operations, but is also improve flexibility of organization. SOURCE: www.geeksforgeeks.org Real-time capabilitie The biggest advantagse o f an ERP system based on its real-time capabilities and the ability to see what is going on with the organization as it happens. SOURCE: www.geeksforgeeks.org