Every
organization deals with a complex front-to-end process that involves the man,
material and money. A standard traditional process has been followed by most of
the companies even today which includes a lot of tedious management work, right
from the Finance, Product Management and Accounts to Human Resources.
In
the past 20 years, technology has changed the way of working. IT has penetrated
every possible industry today to simplify the management systems, save time and
avoid errors, leading to a streamlined workflow, thus helping make profit.
One
of the biggest evolution of IT is ERP, Enterprise Resource Planning. A concept introduced to
define and standardize the processes, thus integrating parts of the business
such as planning, purchasing, inventory, sales, marketing, finance or accounts
and human resources. Effectively enabling the use of internal knowledge to seek
external advantage.
It
has been proven that implementing an ERP system in an organization can modify
the entire business process. This is how –
- By streamlining workflow within departments
- Providing efficiency and productivity through centralized systems with user friendly central database
Thus,
Enterprise Resource Planning is not just a simple software but a massive
software architecture that integrates all the departments of the organization and
enables innovation.
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