Role & Significance Of Erp In India
Indian economy has reached at a point of maturity that fosters strong demand of enhanced technology
. There is a need for reliable software architecture that can facilitate data sharing beyond the organizational and geographical barriers. Many Indian industries have already realized the benefits of implementing ERP solutions for expansion of organizations as well as industry as a whole. As service sector in India is growing at rate of 8%, there is a great scope for ERP in India especially in service industry.
Generally, the companies having annual turnover of at least or more than Rs.2 billion can realize the full potential of enterprise resource planning. As the demand for ERP is rising, ERP software companies are coming up with strategic ERP solutions India for small and midsized companies. ERP implementation is no longer confined to giant organizations only. There are many ERP solutions providers in India such as Microsoft, Oracle, SAP, Ramco, JD Edwards, Infosys, Eastern Software Systems, Vishesh Infotech etc.
More and more small and midsized businesses are moving towards ERP solutions to refine their processes. Many constructions, trading, transportation, manufacturing and other firms are utilizing ERP systems for communicating data between different departments within an organization such as production, supply, finance, accounting, inventory etc.
An enterprise resource planning software system or ERP makes it easy and instant to streamline operations, processes and information into a unified system. This software architecture facilitates the flow of data sharing across organizational units and geographical locations. The key feature of all ERP packages is the utilization of a unified data for various system modules.
Benefits of ERP for Various Organizations
Businesses all around world are realizing the potential of ERP as a better alternative to their existing software technology. Though small and midsized businesses are still reluctant to invest in ERP packages due to higher cost but ERP solutions tends to make very significant reduction in inventory cost, manufacturing operating cost and administrative cost.
ERP enables all manual processes to be automated, efficient management of production, accurate assessment of inventory and better measurement of business performance. All this helps businesses to take strategic decisions and gain competitive advantage.
ERP solutions India have initially incorporated as back office solutions but currently ERP encompasses almost all business processes including production, supply chain, finance, customer relationship management, human resource, ware house management and decision support system. In other words, all functions and departments of an organization are integrated into one system for easily, economically and efficiently using it.
ERP in India
Presently, several Indian companies are equipping themselves with strategic ERP solutions to get unlimited access to information and survive successfully in competitive business environment. Many Indian organizations have realized the up-gradation in the quality of performance by the use of various ERP software applications. Some of the industries which have shown increased utilization and demand for ERP solutions in India include automotive, consumer durables, textiles, consumer goods, hotel and travel and information technology. It has also fostered many other organizations including small and midsized firms to look for affordable ERP solutions for attaining core competency in various business processes. ERP has truly reconstructed and revolutionized the way business is conducted.
by: Nadeem
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