ERP ( Enterprises Resources planning) 3 benefits explained in a nutshell.
ERP ( Enterprise resource planning) is a software which integrates the Accounting, Human resources Planning, and productive assets utilisation in one unique complete seamless integrated business system. ERP systems help improve productivity and profitability in many ways but the 3 key areas are as mentioned bellow. Examples of application are shared which may be simplified to elaborate on the concept and in reality may be more complex. 1. They reduce mundane,repetitive activities. For example when an Enquiry is received from the customer. It is stored in the Erp system. Later the quotation is prepared from the system. Now the customer places order. It can be stored easily as it will automatically pick up the items from the quotation we have sent. Later the proforma invoice, sales invoice can all be prepared without repeating the items, but by simply picking up the entries from quotation sent to the customer earlier. There are many such methods by which the t...