It is a good time for ERP solution providers in India as the market for the same is in a state of rapid growth. The number of companies in fields as diverse as automotive, manufacturing, oil, steel, pharmaceuticals have implemented ERP backbones in their respective organizations. The numbers are increasing by leaps and bounds. ERP in Kolkata too are starting to get a head start.
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Early adopters of the ERP way to do things related to any business activity like accounting and finance, distribution and sales, Purchase and management of materials and manufacturing were the modules implemented most by business firms. But not far lacking behind are HR, maintenance of plants, Service and even Transportation. Let’s watch out with an analytical eye as the popularity of ERPs in these functions go from strength to strength.
Industry too is making a beeline for ERPs. Sectors like power, cement and food are witnessing a rapid implementation of ERPs. The companies which deal in constructions or projects are also quickly turning the ERP way as they find software that may be customized according to their needs.
As of now, the small and medium-sized enterprises have been the most prolific when adopting the latest business best business practices. It is reported that almost 60% of this sector have already integrated ERPs solutions to their business processes. This is quite a substantial number that may partly be attributed to the availability of ERPs that may be deployed at comparatively low costs to the business owner. Localization, Customizability, and support are the keywords in addition to a wealth of features expected from a modern ERP of excellent quality.
It is speculated that and also somewhat borne by reports that the main reason behind this strategic shift of small and medium sized businesses is to smoothen the process of managing inventory, making production cycles and shipping timely, managing the human resources aspects of businesses and facilitating communication online through ready availability of data.
Analysts are of the opinion, suitably backed by numbers, that the market for ERPs in India has witnessed a tremendous growth of 70% in the last decade alone. This has, in turn, upped the monetary gains of companies who opted for the ERP route. In addition, there are numerous reports which stress on the quantitative and very tangible benefits brought forth by the introduction of ERPs in the landscape of how Indian businesses go about their task.
We should also take note of the serious and intangible benefits that ERPs bring along with themselves. These benefits cannot be borne by statistics and include being comfortable in the workplace, mature planning, changes in overall attitude, visibility as well as the obvious benefit of transparency. It is often simply not possible to find direct correlations of such factors with that of implementation of a particular ERP software suite but that does not mean they are not there.
The ideal way to go about in order to measure the effect of implementing an ERP in a business is for companies to set their goals at the very outset. Then they should measure what they really were able to achieve. This will make their conclusions far more accurate.
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