Enterprise Resource Planning (Erp)

In: Business and Management

Submitted By mungai
Words 1251
Pages 6
Student:
Instructor:
Class:
Date:
New Technology
Enterprise Resource Planning
In a bid to grow in the next five years, GBI manufacturing company can benefit by implementing enterprise resource planning (ERP) software. ERP is management software that is compatible with any business need. ERP is essentially software that integrates all the facets of an organization in terms of receiving, processing, storage and management of data from every stage of a business operation. This business management software enables the assimilation of all the functions of an organization such as planning, manufacturing, sales, marketing, procurement, human resource and finance (Practices, Implementation Best 38-45).
Advantages of ERP
ERP business management software offers a myriad of benefits. These include:
Integration of business operations
The basic advantage of enterprise resource planning software is the integration of various business processes in a single platform thereby saving the company millions of money. This software saves money to the company as all the company’s transactions are linked in a single system. As such, fewer computers and their appliances are used. Again, the software utilizes a single server. As a result, the company saves a lot of money through reduced energy operational costs (Yang, Song & Seddon n.p.). As this software utilizes a limited number of machines perhaps one or two per department, the company saves a lot in terms of staff needed to operate the computers. The company saves money from reduced clerical work associated with recording and signing of documents across the departments. For example, when the procurement department receives supplies, there is no need for them to record invoices and take to the finance department for signing. By using this software, the finance department knows in real time that particular goods have been received…...

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