ERP Meets Specialty Needs
What are the requirements of a successful ERP implementation in SMEs? Today, ERP meets specialty needs has been one of the most popular business management requirements. However, not all ERP implementations have been successful. Since ERP implementation affects entire organizations such as process, people, and culture, there are a number of challenges.
The major goal of ERP is to increase operating efficiency by improving business processes and decreasing costs. ERP thus increases cooperation and interaction between all business units in an organization on this basis. ERP standardizes processes and data within an organization with best practices. The company also streamlines data flow between different parts of a business. As a result of its benefits, ERP has become the backbone of business intelligence for organizations.
A significant number of organizations have adopted ERP over the last two decades, and the revenue of the ERP market has grown. Since ERP implementation inevitably causes organizational changes, it requires the engagement of senior management. Without the commitment of senior management, ERP implementation has a high risk of failure.
In other words, due to changes in business processes across an organization, there can be resistance to adopting the ERP system. ERP connects and integrates all business functions within the organization.