Impact of ERP System in Business Management
Keywords:
ERP System, Organization, Business, Management, ImplementationAbstract
In modern life information technology is the key term for doing any business. Technology based business is easy to expand anytime anywhere. In business management, an organization can able to handle large workload effectively through Enterprise Resource Planning (ERP). ERP system is a wide integrated information system of an organization that manages all units like marketing, operations, administration, finance, human resources, R&D etc. It enhances productivity with cooperation among internal units and brings more benefits. Implementation of an ERP system in an organization takes several years to full fill its total business needs in a systematic way.Initial implementation of ERP system is very critical stage for organizations. For getting competitive advantages among rivalry, most of all organizations are using ERP system. It requires a big also investment for an ERP system to implement in a business completely. Nevertheless, small organizations are investing for ERP with medium and large enterprises over the world for better business management. This study focuses on impact of ERP system in business management of organizations.
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