What are the benefits of an ERP System?
The benefits derived from ERP can far outweigh the costs of the system, providing that the system is selected carefully and is appropriate for your company from a feature, cost, and technology standpoint. Some of the benefits realized are: • A single integrated system • Streamlining processes and workflows • Reduce redundant data entry and processes • Establish uniform processes that are based on recognized best business practices • Information sharing across departments • Improved access to information • Improved workflow and efficiency • Improved customer satisfaction based on improved on-time delivery, increased quality, shortened delivery times • Reduced inventory costs resulting from better planning, tracking and forecasting of requirements • Turn collections faster based on better visibility into accounts and fewer billing and/or delivery errors • Decrease in vendor pricing by taking better advantage of quantity breaks and tracking vendor performance • Track actual costs of activ
