Benefits of ERP Systems in Real Life Business

B10688
MANAGEMENT
INFORMATION
AND
TECHNOLOGY

Table of Contents
INTRODUCTION...........................................................................................................................3
Aims and Objectives:.......................................................................................................................4
Categories of information systems:.................................................................................................4
ERP Systems:...................................................................................................................................6
Benefits of ERP systems in a real life business:..............................................................................7
CONCLUSION AND RECOMMENDATIONS............................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Enterprise Resource Planning System (ERP) is manufactured for small and large enterprises.
The main purpose behind designing this software is to integrate various processes like
Financing, Operations, Human resource planning, Marketing and many other activities of
organizations together for better functioning. It increases the efficiency and productivity of
business by supporting in optimizing several business processes like transaction entry,
inventory recording, stock reordering, minimum stock level check, supply chain
management and alerting for any error in system. ERP best suits for accuracy and
transparency of data; it gathers large information’s and protectively stored it in system.
These information’s through analyses helps top management in taking appropriate decisions
for company. The IT companies through their effective code system and encryption of data
processing make it possible to work artificial intelligence on the place of human. The main
advantage of system working for human is fast processing at minimum risk of error. These
software’s shows how innovatively IT sector has provide AI’s to various industries and
small sectors to maintain their data and information well. There are many benefits of using
ERP system including reducing cycle time, fast transactions processing, alert on time, better
financial management and customer satisfaction.
ERP systems came up with many supporting modules such Customer Relationship
Management, Decision Supporting Software, Management Information Systems and many
more. It plays a major role in take revolutionary changes small scale industry by convert it
from human oriented sector to system centric organizations.