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Part - II

• ERP performs core corporate activities and increases customer service and thereby augmenting the Corporate Image.

• ERP bridges the information gap across the organization.

• ERP provides for complete integration of Systems not only across the departments in a company but also across the companies under the same management.

• ERP is the only solution for better Project Management.

• ERP allows automatic introduction of latest technologies like Electronic Fund Transfer (EFT), Electronic Data Interchange (EDI), Internet, Intranet, Video conferencing, E-Commerce, etc.

• ERP eliminates the most of the business problems like Material shortages, Productivity enhancements, Customer service, Cash Management, Inventory problems, Quality problems, Prompt delivery etc.

• ERP not only addresses the current requirements of the company but also provides the opportunity of continually improving and refining business processes.

• ERP provides business intelligence tools like Decision Support Systems (DSS), Executive Information System (EIS), Reporting, Data Mining and Early Warning Systems (Robots) for enabling people to make better decisions and thus improve their business processes.

Implementing ERP

The Six Major Steps of an ERP Implementation Plan: -

1. Vendor Selection

2. Business Strategy Formation

3. Application Configuration

4. Testing and End-user Acceptance

5. Training

6. Rollout

Case Studies

Today's organizations are continuously striving to improve and innovate. New initiatives like BPR and ERP have proved beneficial in very short period of time.

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* Contributed by -
Vivek Gaurav,
Management Class of 2005,
NITIE, Mumbai.