TODAY, all business houses in India are keen to have Enterprises Resource Planning (ERP) solution implemented in their organizations. Defined as an integrated, multi-module system that absorbs all the data and processes of an organization into a unified system, ERP has become an indispensable business tool for all major enterprises.
Though initially the concept of ERP has been originated in the large industrial types of companies ERP has evolved as a more comprehensive system and now it is largely available to companies of all types and sizes. It serves and supports a wide range of business functions like manufacturing, order entry, accounts receivable and payable, general ledger, purchasing, warehousing, transportation and human resources.
ERP had its own concern of worries in the beginning with Indian companies some of which were triggered negative opinion. This includes change management, organizational intervention, replacing outdated software, shifting from function view to process view, hiring ERP-literate staff and faith in package software in the place of custom-built software. But as the time progressed, Indian industrial segments has started realizing the positive factors of ERP, which have started contributing steadily into the growth of large and medium sized Indian industries alike.
Several well-known business houses in India like Cadbury India, Mercedes Benz India, Siemens, Haldia Petrochemicals, L&T, TISCO, UTI, Maruti Udyog, Kellogg's India Ltd., Sony India Pvt Ltd., and CESC have been running on ERP systems. Companies like Hyundai, Nestle Limited and financial sector companies such as HDFC Bank and Standard Chartered Bank use ERP package.
Having an ERP system can give many advantages to the Indian companies. ERP systems automatically adhere to most of the standard company rules and compliances, making it easier for the organization to follow. The developed performance modules help the businesses to develop refined analysis, insights, and innovative schemes for improvement.
One of the major misconceptions about the ERP system is that it will curtail job opportunities. In fact ERP systems in India will produce more dynamic jobs and improved customer care service and it will also enhance product values
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Very well said. You have provided the most informative and helpful information. I really learned a lot.
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