Question

Give any four benefits of ERP system.

Answer 1

Some Benefits of the ERP system is as follows:

1. Improved resource utilization: An enterprise can plan and manage its resources effectively by installing ERP software. So the wastage or loss of all types of resources can be reduced, and improved resource utilization can be ensured.
2. Better customer satisfaction: Customer satisfaction means meeting maximum customer requirements for a product or service. Using an ERP system, a customer will get more attention and service from an enterprise without spending more money and time.
3. Increased flexibility: An ERP system allows organizations to be more flexible so that they can more easily adapt and capitalize on new business opportunities.
4. Decision making capability: Accurate and relevant information given to decision makers will help them to make better decisions for running a system more smoothly. Better decisions from an enterprise will help them to go a step ahead of their competitors.