AN APPRAISAL OF ISSUES FACED BY MANUFACTURING COMPANIES, WHEN SELECTING AN ENTERPRISE RESOURCE PLANNING (ERP) SYSTEM
Journal Title: International Journal of Business and General Management - Year 2018, Vol 7, Issue 1
Abstract
In the modern, competitive, technology driven world, manufacturing companies strive to make the best use of IT, especially the Enterprise Resource Planning (ERP) system, often facing several difficulties while doing so. An ERP system consolidates all business processes into a constant system environment by using a central database and functioning on a common computing platform. ERP selection is a critical investment which is intended to enhance an Organization’s financial, strategical and profitability performance. This study elucidates the major issues faced by manufacturing companies when selecting an appropriate ERP Software. The study conducts a review of related literature and found that manufacturing companies face many issues such as management of cost, time and other resources during ERP software selection. The study concludes that ERP system selection is a challenging phase in an organization’s life which can be simplified by carefully analyzing the issues involved and following the best decision-making processes for making the selection.
Authors and Affiliations
Muhammad Salman Asif
ENTREPRENEURSHIP AT THE BOTTOM OF THE PYRAMID
Sustainable livelihood for all is the major policy directive of all governments. There are various focused programs on self-employment and skill building programs launched by the Government of India but still, there is a...
CUSTOMERS’ SATISFACTION TOWARDS JEEVAN MADHUR PRODUCT OF LIC IN KERALA
The insurance industry is the promising financial services in India. It has gone through big changes over the past decades. LIC of India vision 2020 is to have a 'policy in every pocket'. Micro-insurance is one of the ke...
A Study on Corporate Social Responsibility and Emerging Trends in India
Social responsibility has not been raised as a national strategy, and there is not yet a systematic promotion plan. There is no particular standard for this CSR. The government of India has not assigned any authority to...
Gap Analysis of Knowledge Management of Cibinong Science & Technology Park-Indonesia
In the current knowledge era, every human being starts to figure out how to manage knowledge. The process is carried out in such ways as composing new strategies, new tools, new methods and processes, which make people t...
ECONOMIC POLICY UNCERTAINTY AND RISK MANAGEMENT IN REGULATED SECTORS
The economic policy carried out by the government is frequently non-sequential and unpredictable. This is caused by both changes of the environmental factors and those of the government or the approaches. The inconsisten...