Competitive Advantage
How to Gain a Competitive Advantage Using ERP (Enterprise Resource Planning) Organizations today confront new markets, new competition and increasing customer expectations. Thus today's organizations have to constantly re-engineer their business practices and procedures to be more and more responsive to customers and competition. In the 1990's Information technology and Business Process re-engineering, used in conjunction with each other, have emerged as important tools which give organizations the leading edge. The efficiency of an enterprise depends on the quick flow of information across the complete supply chain i.e. from the customer to manufacturers to supplier. ERP (Enterprise resource planning) systems, have been a major information technology that has been used by businesses today, in hopes of gaining a competitive advantage. But this advantage seems only plausible if the implementation is coupled with process re-engineering, as well. ERP is an enterprise wide system that integrates primary business applications, including all areas and levels of an organization. All the applications in an ERP suite share a common set of data that is stored in a central database. It aims to serve as
It is not unusual for companies to spend millions of dollars to implement an ERP system. ERP requires the re-engineering of a company's process and culture. Instead you must integrate the system to meet your needs. It forms the critical backbone of E-commerce, but companies must look beyond implementing an ERP solution if they really want to build value and sustain their competitive advantage. An ERP system helps these companies to automate many services and reduce the time to make reports since more information is quickly available through the ERP system. Now it is up to the company to take the implementation to the extent of fitting in with their business processes. What these applications do is capture data about historical activity, current operations and future plans, and organize that in a way people can use. ERP systems are business tools, said Jim Shepherd, an analyst at Advanced Manufacturing Research, Inc. Also, another disadvantage would be the privacy within an ERP system? That is, who has the access to the system and who can change the information within the system. First, an organization's operating costs can be reduced.
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