eresource ERP’s strength: Information accuracy and decision-making capability
MPS Module in ERP Software in TODAY’s competitive business environment the key resource of every organization is information. If the organization does not have an efficient and effective mechanism that enables it to give the decision-makers the right information at the right time, then the chances of that organization succeeding to the future are very remote.
The three fundamental characteristics of information are accuracy, relevancy and timeliness. The information has to be accurate, it must be relevant for the decision-maker and it must be available to the decision-maker when he needs it. Any organization that has the mechanism to collect, collate, analyze and present high-quality information to its employees, thus enabling them to make better decisions will always be one-step ahead in the competition.
In the changing business environment, the time available for an organization to react to the market trend is very short. To survive, the organization must act quickly, gathering and analyzing the data – both internal and external. Any mechanism that will automate this information gathering and analysis process will enhance the chances of the organization to beat the competition.
Major drawback of the legacy systems was that they did not have an integrated approach. There will be an accounting system for the finance department, a production planning system for the manufacturing department, an inventory management system for the stores department and so on. All these systems will perform in isolated. So if a person wanted some information, which has to be derived from any of these two systems, he has to get the necessary report from both systems and then correlate and combine the data.
An organization cannot function as islands of different departments. The production planning data is required for the purchasing department. The purchasing details are required for the finance department and so on. So if all the information islands, which were function in isolation, were integrated into a single system, then the impact of that would be dramatic.
If the purchase department can see the production planning details, then it can make the purchasing schedule. If the finance department can see the purchase details as soon as it is entered the system, they can plan for the cash flow that will be necessary for the purchase.
In legacy system getting information about some aspect that is dependent on more than one department is a difficult task. And no business executive or decision-maker can take good decisions with this isolated data that he will be collected from the various reports produced by each department. Even if he collates the data and produces the information that he requires, he will have lost valuable time that could have been better spent in decision-making.
With the implementation of eresource ERP system the organization will able to function as a single entity and caters to the information needs of the whole organization. When the information that is generated is accurate, timely and relevant, it will go a long way in helping the organization to realize its goals. This is eresource ERP’s strength – integration and automation – and that is why implementation of eresource ERP system will help in improving the information accuracy and in better decision-making.