Indian ERP Market growth – ERP has changed the way businesses were conducted in India. More and more organizations are implementing ERP solution. Integrated ERP solutions optimize resource utilization by providing up-to-the-minute information on demand for quick decision making. Industries that successfully implement ERP can enjoy an overall cost reduction for business, an increase in per capita productivity, quick response times, lower inventory levels, and better customer orientation, all of which lead to higher customer satisfaction. ERP implementation has also helped many organizations in India achieve great improvement in their management and operational control. ERP, which is much more than computer software, has changed functioning of the business environment in India and ERP solution is becoming indispensable in today’s business set up. India’s economic growth, in terms with the country’s exposure to intense global competition, has demanded the necessity for the implementation of ERP; of course, certain operational, financial, and psychological resources are required to satisfy these needs. Earlier, the majority of ERP systems have been focused on larger establishments. It was due to the high cost involved in the implementation of ERP system. With the introduction of low-cost ERP systems such as eresource ERP the smaller organizations also started benefiting from the advantages of this enormous business solution. As the Indian market seems to be very encouraging for ERP implementation, the organizations must pay attention to the time-frame deployment. The structured implementation programme can speed up system deployment and return on investment. (Read: eresource ERP’s On-Time Implementation). Though there are many big companies yet to implement ERP system, it can be assumed that that they will go for it in a near future. That will surely lift the Indian ERP market growth rate somewhere near the industrial growth rate. Automotive, Steel, Consumer Durables, Engineering and Manufacturing industries have shown a very high ERP penetration, which shows that these industries represent the greatest potential market in the coming days and we are optimistic that others will follow. Also Read – ERP Software in Nigeria
ERP Market in India ERP Market growth in recent times, the ERP scenario in India is witnessing rapid growth. Several manufacturing firms, automotive, steel, oil, textile and pharmaceutical companies have already implemented ERP solutions thus making ERP dominate the overall picture in these organizations. For the early adopters of ERP solutions, Finance and Accounting, Sales and Distribution, Materials Management/Purchase, and Manufacturing are the most popular ERP modules implemented. In recent times Plant Maintenance, HR, Transportation and Service modules are also growing in popularity. We find different industrial sectors like the cement sector, power sector, and food sector are going for ERP solutions. The construction or project companies have also implemented different ERP solutions suitable to their needs. Currently, the SME segment in India has been one of the most aggressive adopters of ERP software. In fact almost 60 per cent of companies in the SME segment have already implemented ERP. This substantial increase in the penetration level in the SME segment is attributed to the introduction of low cost ERP solutions such as eresource ERP which also caters the country-specific localizations and the availability of a large pool of skilled functional and technical talents. The primary objectives that the SMEs have for switching to ERP is to get aid in smooth inventory management, timely scheduling of production cycles and shipment of goods, managing human resources and online data communication. According to estimates, the ERP market in India has witnessed a growth rate of 70 per cent in the last decade. As a result, the market has leapfrogged over the years to a tremendous volume in terms of monetary gains. Many reports underlined the tangible quantitative benefits accrued by Indian companies in the post-ERP implementation era. Most of the time these benefits are difficult to prove on statistical grounds as soft benefits like comfort in work life, maturity in planning, attitude changes, transparency, visibility etc are either practically impossible to measure or correlate such improvements to ERP implementation. Companies are supposed to set their objectives before implementation followed by measuring the achievements after implementation, and only then should they conclude about the effects of ERP. Call +91 77389 72222 or Email us at info@eresourceinfotech.com for FREE Online ERP Software demo!
Indian ERP Market growth – ERP has changed the way businesses were conducted in India. More and more organizations are implementing ERP solution. Integrated ERP solutions optimize resource utilization by providing up-to-the-minute information on demand for quick decision making. Industries that successfully implement ERP can enjoy an overall cost reduction for business, an increase in per capita productivity, quick response times, lower inventory levels, and better customer orientation, all of which lead to higher customer satisfaction. ERP implementation has also helped many organizations in India achieve great improvement in their management and operational control. ERP, which is much more than computer software, has changed functioning of the business environment in India and ERP solution is becoming indispensable in today’s business set up. India’s economic growth, in terms with the country’s exposure to intense global competition, has demanded the necessity for the implementation of ERP; of course, certain operational, financial, and psychological resources are required to satisfy these needs. Earlier, the majority of ERP systems have been focused on larger establishments. It was due to the high cost involved in the implementation of ERP system. With the introduction of low-cost ERP systems such as eresource ERP the smaller organizations also started benefiting from the advantages of this enormous business solution. As the Indian market seems to be very encouraging for ERP implementation, the organizations must pay attention to the time-frame deployment. The structured implementation programme can speed up system deployment and return on investment. (Read: eresource ERP’s On-Time Implementation). Though there are many big companies yet to implement ERP system, it can be assumed that that they will go for it in a near future. That will surely lift the Indian ERP market growth rate somewhere near the industrial growth rate. Automotive, Steel, Consumer Durables, Engineering and Manufacturing industries have shown a very high ERP penetration, which shows that these industries represent the greatest potential market in the coming days and we are optimistic that others will follow. Also Read – ERP Software in Nigeria