ERP: Endless Research Program

by Bimal S on Tuesday 8 March 2011, 6:18 PM | Category: Campus Articles| View: 1223 views
 
 
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There's always been a lot of buzz around ERP and the value it brings to businesses. But what exactly is ERP? How does it benefit businesses, particularly small and medium size organizations?

To answer all such questions we had Mr. Sangeet Kumar Gupta, Director, Finsys Infotech Limited on 16 Feb, 2011. Since its inception in 1992, Finsys is into the business of ERP software development and Implementation.

With over a decade of professional experience, Mr. Sangeet began his lecture by describing ERP as an ‘Endless Research Program'. He further added that as organizations today are more system driven then people driven, so need for an ERP system becomes that more important. By becoming the integrated information solution across the entire organization, ERP systems allow companies to better understand their business. With ERP software, companies can standardize their business processes and more easily enact best practices. By creating more efficient processes, companies can concentrate their efforts on serving their customers and maximizing profit.

During the latter half of the session Mr. Gupta talked about the difficulties that companies faced while ERP implementation viz. End user acceptability, Management of surplus commodities, Partial or full fledged ERP system, etc. In order to keep a check on such problems Mr. Gupta advocated the implementation of ERP solution in stages with a defined timeline.

All in all it was a very enriching session where students learnt a lot about the basic intricacies involved in ERP implementation
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