What are the advantages and disadvantages of ERP?
Enterprise Resource Planning or ERP , is an essential business management software that companies of all sizes use. It is a centralized, companywide system that include core business functions such as accounting and financials, customer relationship management, inventory, and more. As a single business solution, ERP provides many operational and strategic benefits, from improving overall business productivity to streamlining end-to-end operations to providing a granular view of what is happening in the company. In today’s digital economy, Manufacturing ERPs are now the backbone of a company’s digital transformation/digitization. Here is the list of Benefits that ERP offers: Connects companywide functions, departments, and processes Promotes granular visibility across the organization Provides timely access to reliable business information no matter where you are Enables proper optimization of resources, whether machines, man or material Reduces business costs and increases profit mar