Management
Enterprise resource planning (ERP) integrates both internal and external information flow that is used in an organization. It incorporates different systems that are used by the organization in managing the basic commercial functions in the business which includes planning, inventory and material management, purchasing, manufacturing, finance among others.
The first benefit of the enterprise resource planning is that it drives the flow of information in all material functions of the business while also maintaining and managing the connection with the stakeholders. This is done due its capability of running a variety of the computer hardware and network configuration.
The ERP solutions use a common database that holds the information from the various business functions that are accessible by customers. It uses an integrated database to manage the solutions multi-module applications framework within a common information system for both suppliers and consumers.
The other benefit to consumers is increased access to valuable corporate data hence making it deliver clarity with regard to the global view of the business. This drives a conscious trend of improvement strategies that establish a common performance measure.
Effectively it manages the projects that do boost in the making of the decision critical levels. This is at the development or the manufacturing processes. This extends to the sales and operation providing planning with access to the critical information process that ensures business do not overpromise or under deliver to consumers.
Finally, it ensures a single source of data that provide information on the product and services. This drives a rapid product development and the launch cycles which increase a company's overall market share. Therefore, the ERP has benefits to suppliers due to increased market share and hence demand for inventory. This increases sales for suppliers.
