Premium Essay

Erp Implementation in Gas Trading Company

In: Business and Management

Submitted By coolfz
Words 3712
Pages 15
1. INTRODUCTION

ERP has increasingly becoming popular among big and SMEs in today’s world. Tougher competition in the marketplace is generating the need to optimize resources, improve profitability and expand business requirements. Many companies are implementing ERP solutions to improve their day-to-day operations, improve response time on reporting to the Management and enhance capabilities.

There are many solutions already established that can meet the specific business requirements of any organisations in any industry, hence choosing the right and the best solutions are essential to avoid wasting money and effort since ERP implementation could be excruciating and costly.

Therefore, in order for a company to decide on which solution is the best for their business, they need to identify their existing processes and analyse in depth the existing flaws and their business requirements. This is supported by Travis (1999) who indicated that companies which put on greater efforts in ERP selection will achieve greater success.

2. EXECUTIVE SUMMARY

According to Lee, Moon, and Lee (2006), ERP systems can be used as an integration with existing business systems and processes to assist an organization maintaining its competitive advantage. Consistent identification of such ERP changes or upgrades is essential to improve business processes due to robust technology development. Existing systems could expire and should be upgraded from time to time as business grows considering the ever-changing technology.

This upgrade sometimes require major changes and could be extortionate however, crucial. This is due to the fact that organizations usually depend on the process for data storage as well as implementing tasks proficiently and systematically. Hence, it is significant for an organization to identify the best and most suitable solutions that fit the...

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