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Enterprise Resource Planning (erp) Syatem: an Emperical Analysis of Benefits

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In this journal paper author has used a database which is derived from data repository, to understand about what the importance of ERP is and what are the benefits ERP can give to a organization. ERP is important for many reasons and there has to be a connection between them in order to establish a match between what ERP systems benefits —few importance of ERP are such as—setting a benchmark for other firms, and measuring those benefits. ERP benefits also are constrain to business case in making decision and then decide whether a firm will take decision of investing in an ERP system. ERP benefits across all industry, while others seem to be important to firms independent of industry. Some, tangible benefits are largely industry‐independent, while intangible benefits vary across industry. In addition, when compared to an earlier study by Deloitte Consulting, the results are statistically constant with their findings, but they found out some substantial additional intangible benefits.

This paper talked about the driving importance from ERP system a database was taken using 25 case studies from 2 different industries , manufacturing and hardware software, different concept we get to study by using DELOITTE CONSULTING STUDY.

This paper helps in understanding various contributions, firstly the paper tells about how data is managed using ERP and gives opportunity to understand the implications on industry and ERP benefits are not seen equivalent across industry. ERP benefits a significantly more positive reaction when the ERP has large amount of vendors rather than small number of vendors. Various other changes could be seen in the industry on the areas like improvement in financial performance, significant decrease in the ratio of employees to revenue in all the 3 years of the company’s data could be seen and subsequent decrease in the ratio of cost of goods sold.

ERP leads to reduction in the number of people who are working in managing data , now time taken to close the books is very less in the organization with

A comparison study was made between Doolittle Consulting Study and current practices with the use of ERP that there were a total of 43 tangible benefits and 70 intangible benefits of ERP. It was seen that inventory reduction was seen with the use of the ERP and other benefits like personnel reduction , productivity improvements, order management improvement, financial close cycle reduction, IT cost reduction , procurement cost reduction, cash management improvement, revenue profit maximization, transportation logistics cost reduction, maintenance reduction, on time delivery increased, it helps in taking better decisions, speed of work is increased

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ENTERPRISE RESOURCE PLANNING (ERP) SYATEM: AN EMPERICAL ANALYSIS OF BENEFITS. (2019, April 10). GradesFixer. Retrieved January 21, 2022, from https://gradesfixer.com/free-essay-examples/enterprise-resource-planning-erp-syatem-an-emperical-analysis-of-benefits/
“ENTERPRISE RESOURCE PLANNING (ERP) SYATEM: AN EMPERICAL ANALYSIS OF BENEFITS.” GradesFixer, 10 Apr. 2019, gradesfixer.com/free-essay-examples/enterprise-resource-planning-erp-syatem-an-emperical-analysis-of-benefits/
ENTERPRISE RESOURCE PLANNING (ERP) SYATEM: AN EMPERICAL ANALYSIS OF BENEFITS. [online]. Available at: <https://gradesfixer.com/free-essay-examples/enterprise-resource-planning-erp-syatem-an-emperical-analysis-of-benefits/> [Accessed 21 Jan. 2022].
ENTERPRISE RESOURCE PLANNING (ERP) SYATEM: AN EMPERICAL ANALYSIS OF BENEFITS [Internet]. GradesFixer. 2019 Apr 10 [cited 2022 Jan 21]. Available from: https://gradesfixer.com/free-essay-examples/enterprise-resource-planning-erp-syatem-an-emperical-analysis-of-benefits/
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