ERP (Enterprise Resource Planning) software package has gained worldwide popularity since 1990, due to its distinctive feature in integrating the vital functional units of an enterprise and allowing a smooth flow of information from a central repository.
Several organizations have changed over to the ERP platform to boost productivity and reap more gains. Most importantly, the ERP evaluation will help in tracking the overall operation of the organization and provides real-time visibility of the enterprise.
ERP implementation entails huge costs and requires a few years to execute. Deficiency of preparation may lead to complete failure in ERP implementation causing a significant financial loss for the business, and these cases aren't rare.
Implementation of the software has to go through several stages like preparation, process evaluation, migration of data, teaching the in-house staff, analyzing, utilization of the applications, and its final evaluation.
Each of these steps is extremely crucial, that should be followed with particular care. An organization has to experience many alterations and alterations to bridge the gap with the ERP environment.
This stage, called Gap analysis is quite important and entails huge costs. The group of experts plays a very important role in collecting all information about the organization and plan accordingly. Depending on the organizational requirements, particular ERP software is selected and analyzed.
Following the implementation of ERP, in-house employees must be properly trained to use the ERP system economically. Testing of the program is completed after using it for a while to check for mistakes and troubleshooters. This assists in the proper evaluation of the ERP package that's been implemented.
The ERP implementation can be successful through regular follow-ups with the appropriate flow of information throughout the whole life cycle of ERP. The ERP system ought to be updated regularly to get the maximum benefits of this program.