ERP's role in increasing corporate efficiency

124 views 2 pages ~ 284 words
Get a Custom Essay Writer Just For You!

Experts in this subject field are ready to write an original essay following your instructions to the dot!

Hire a Writer

The pace of change in the current economic climate is quite rapid as many businesses transition from domestic and local operations to international activities. The modern business climate is characterized by a faster pace, unpredictability of the economy, high customer demands, and international competitiveness. Using technological advancements to boost performance has become vital due to the shifting economic conditions affecting how businesses operate. Businesses have embraced new technology to combine corporate processes in an effort to attain both efficiency and effectiveness in their operations, according to Beheshti & Beheshti (2010). One of the technological advancements that have been adopted by businesses to promote performance and meet the requirements of a fast-changing economic environment is enterprise resource planning systems (ERP). There is a need to understand the efficiency benefits of implementing an ERP to guide businesses decision-making.

Thesis: This paper reviews the ways enterprise resource planning systems aid in the improvement of efficiency and analyzes some of the considerations for effective ERP implementation.

Cost reduction

Real-time access to business information at all times

Integrates suppliers, partners, and customers

Reduced ordering and stocking costs

Fewer personnel on supply chain management

Reduced costs associated with multiple data centers

Improves analysis of business performance

Improves accuracy and speed of internal reporting

Offer advanced reporting and performance analysis

Better strategy development

Improve supply chain management

Improve visibility and insight to supply chain operations

Forecast inventory issues

Improve warehouse operations including tracking stock levels

Improving business intelligence and communication

Facilitate data collection and analysis

Enhance collaboration between departments

Inform decision-making

Considerations for effective ERP implementation

Risk management

Vendor selection

Quality management



Beheshti, H. M., & Beheshti, C. M. (2010). Improving productivity and firm performance with enterprise resource planning. Enterprise Information Systems, 4(4), 445-472.

May 10, 2023

Economics Life Business


Goals Marketing

Number of pages


Number of words




Writer #



Expertise Customer
Verified writer

JakeS has helped me with my economics assignment. I needed an urgent paper dealing with Brexit. JakeS has been awesome by offering an outline with ten sources that have been used. It helped me to avoid plagiarism and learn more about the subject.

Hire Writer

This sample could have been used by your fellow student... Get your own unique essay on any topic and submit it by the deadline.

Eliminate the stress of Research and Writing!

Hire one of our experts to create a completely original paper even in 3 hours!

Hire a Pro