The system dates back to 1990 by Gartner but in actually has its roots in 1960 when the concept was applied to update inventory management and control in the manufacturing sector. In 1980s and 1990s, this system went beyond one sphere and includes other operations at the back as well as the front office.
Types of ERP System:
In the last couple of years, with the growing popularity of Enterprise resource planning has started new trends in business organizations. There are various types of ERP software that are as follows:
- Mobile Based ERP: There are times when employees or employers want to get access to information related to their job must install mobile based ERP. With no such need to present at office, one can see and analyze one’s own data in mobile itself with no such need to go anywhere.
- Cloud ERP: The focus of different business organization is based on cloud ERP that help the enterprise to look and store data of employees or of business organization in a hassle free manner.
Many Benefits of ERP System:
- Save Money: Since enterprise resource planning system unifies the multiple systems running in your business organization tends to save lot of money from your side. It is an cost effective means of running multiple business processes smoothly with no hassle at all. Plus, one can also save money on hiring different professionals for running multiple systems, as with ERP you are running one single system collecting all presiding one that saves hefty amount of cash.
- Analyze it better: Acquiring ERP software into organization let you analyze company’s performance in a better way. You can easily mingle and analyze reports of different departments coming out of this single unifying system for quick decision making process.
- Improve Inventory: With the introduction of enterprise resource planning in your inventory management system, you can simplify the task of reducing overages, can improve production and delivery schedules.
- Efficiency in Accounting: Managing accounts of the company is the most crucial and cumbersome task for business organizations. A team of accounts need to take care of the invoices, sales bills, balance sheet and other related documents. Then they have to sit for days to compile reports and prepare final accounts of the company and also to enter all the data into their account systems. The same thing goes with managing financial report.
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