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  Home >> Today's Question >> Ask the Expert
 

 ERP Related Questions

 

What are the tangible and intangible benefits of ERP system?

Tangible benefits are those measured in monetary terms and intangible benefits cannot be measured in monetary terms but they do have a very significant business impact.

Tangible benefits:

  • Improves the productivity of process and personnel
  • Lowering the cost of products and services purchased
  • Paper and postage cost reductions
  • Inventory reduction
  • Lead time reduction
  • Reduced stock obsolescence
  • Faster product / service look-up and ordering saving time and money
  • Automated ordering and payment, lowering payment processing and paper costs
Intangible benefits:
  • Increases organizational transparency and responsibility
  • Accurate and faster access to data for timely decisions
  • Can reach more vendors, producing more competitive bids ;
  • Improved customer response
  • Saves enormous time and effort in data entry ;
  • More controls thereby lowering the risk of mis-utilization of resources
  • Facilitates strategic planning
  • Uniform reporting according to global standards

Previous Questions:
 How accurate are sales forecasts?
 Is the 'flexible' attitude of users hampering ERP success in India?
 How ERP systems improve company's business performance?
 What is the reason for ERP market growth in India?
 How BPR plays a critical role in ERP implementation?
 What is the difference between MRP software and MRP module of ERP?
 How quickly can our business benefit from eresource ERP?
 Why should I choose eresource for my ERP solution
 How long does it take to implement eresource ERP?
 Why Indian ERP system best suited for Indian industries?
 Being a student, I would like to know more about ERP and its benefits
 Is classroom study key to successful ERP implementation?
 Why ERP is considered to be the backbone of e-business?
 How will the eresource ERP Finance Module help improve auditing?
 What makes web-based ERP more ideal than server based solution?
 How will Customer Relationship Management (CRM) help my business?

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