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Sandeep Kumar, Lovely Professional University Unit 6: ERP Benefits
Unit 6: ERP Benefits notes
contents
Objectives
Introduction
6.1 Benefits of ERP
6.2 Reduction in Cycle Time
6.3 Reduction of Lead Time
6.4 Reduction in Cost
6.5 Improved Resource Utilization
6.6 Improved Supplier Performance
6.7 Increased Flexibility
6.8 Improved Information Accuracy and Decision-making Capabilities
6.9 Better Customer Satisfaction
6.10 On-time Shipment
6.11 Summary
6.12 Keywords
6.13 Self Assessment
6.14 Review Questions
6.15 Further Readings
objectives
After studying this unit, you will be able to:
l z State the benefits of ERP
l z Realise how to bring about reduction in cycle time and lead time
l z Identify how resource utilization is improved
l z Explain how supplier performance is improved
introduction
Interactions between manufacturing and marketing departments often determine the
competitiveness and profitability of a firm. Enterprise resource planning (ERP) systems address
integration issues of business functions; and benefits contributed by ERP implementation found
in the literature are similar to those achieved through the integration of manufacturing and
marketing functions.
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