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Discuss about the Benefit of ERP System Implementation.
Introduction:
ERPs systems were once considered as the expensive systems that were used by the world’s big organizations that have huge IT budget however the trend is changing very fast. Now, the ERPs systems have become relatively cheap due to the advent of cloud computing, modularization where organizations does not has to buy the complete ERP systems infrastructure but they can use the platform and database by various cloud providers. Also, this is the era of digitalization, globalization and massive competition (Bernaert, Poels, 2014). Due to massive competition, organizations are struggling to cut their costs and improve the bottom-line. Read More...
ERP or Enterprise Resource Planning is a type of business management software that allows companies to manage day-to-day activities.
The two main objectives of ERP systems are -
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Six main elements of an ERP system are -
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The primary business benefits of an ERP system ranges from -
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