Enterprise Resource Planning has evolved from Manufacturing Requirement Planning that was used to assist the manufacturing process. Manufacturing Requirement Planning or MRP was upgraded to MRP II and then came ERP. ERP offers more benefits than both MRP and MRP II. The history and evolution of ERP came from the fact that the MRP software were not able to extend to other sectors. ERP was developed to cover areas like Marketing, Finance, Human Resource, etc. The MRP software had very high costs a
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ROI is the return on investment of an organization and we will see how ERP systems improve organization's ROI. If the ERP system is correctly and successfully implemented, it does improve the ROI of the organization. It streamlines the business process and that affects the ROI in sometime. After the completion of the implementation of the ERP system, it takes a while for the users to get used to the new system and understand the working of the ERP system. The ERP system eliminates the duplicate
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Enterprise Resource Planning or ERP systems improve company's business performance by ensuring efficient and quick performance of the business process. The resources of any company need to be used productively for optimum performance of the business. If the scheduling of the resources is not done properly, it will affect the company's performance. An ERP system provides to look after the allocation of work and proper scheduling requirements. This aids in reducing the lead time of the product whi
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ERP systems applications are mainly targeted at the manufacturing companies. Previously Material Resource Planning application was used to track the manufacturing product status and schedule manpower accordingly. Many new features were integrated into this application to form the Enterprise Resource Planning. The ERP has to be customized to fit the requirements of the company. The best type of ERP Manufacturing Software should be selected with care. It should focus on the main functional areas o
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ERP system implementation helps the company to streamline their business process. It takes many people, a lot of time and a lot of money to implement an ERP system. Many companies are not able to afford this due to high costs involved. The application license has to be bought, server has to be installed for the application, a team of experts has to be hired for the implementation, maintenance costs and other day to day costs are involved. To overcome this aspect, web based ERP application is mor
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