May 2024
Beginner
216 pages
7h 52m
English
Content preview from Enterprise Resource Planning: A Managerial Perspective by Pearson
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Benets and Cost of an ERP System 39
3.2 BENEFITS
ERP may bring in many benets that can be divided into four groups as shown in Figure 3.1. Let us look
at the benets that each of these groups offer.
3.2.1 Strategic Benefits
ERP supports current and future business growth. The company can handle lot more transactions
which are conducive to business growth. Since the data becomes easily available and the cycles
become shorter, introducing new products and services are encouraged. The company can analyse
data in timely manner at the desired grain level to identify niche geographical and functional areas.
All business units get integrate ...
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