In today’s world, for a business how important ERP is?
In today’s competitive environment, developing new customers and retaining the current ones has become ever so important. For the purpose, excellent service levels and quality of products or services offered need to be maintained at all times. Businesses want to determine which product or service is providing them profit and which is mere an expense; which office/branch is the most profitable and which is underperforming; which machine is providing maximum efficiency and which needs to be disposed off; what should be the optimal production planning, distribution and quality management schedules; how to optimize the inventory levels; which product needs to be produced more and which less; which product’s price needs to be increased and which product’s needs to be decreased; how quickly they can launch a new product in the market etc. They want to minimize cost, increase productivity and reach global market place. The companies want prudent financial policies and human resources systems.
