Scholar Papers

  • researchhelpinc@outlook.com
  • USA +1 862 207 3288
  •

Why choose us?

We understand the dilemma that you are currently in of whether or not to place your trust on us. Allow us to show you how we can offer you the best and cheap essay writing service and essay review service.

ERP benefits.

Posted on

ERP Systems

Read “Realizing Benefits ERP” article and discuss advantages and disadvantages of ERP systems

Write a summary of the ERP benefits.

ERP systems

ERP systems are associated with many pros and cons. Much of the benefits are
realized when different firms with different strategic objectives realize these benefits from the
adoption of ERP systems. One of the benefits of ERP systems is improved financial

ERP SYSTEMS 2
performance immediately after implementation of ERP models. ERP systems are known to
bring about operational efficiency and productivity through automated transactions and better
decision-making. Another benefit is that ERP systems improve market performance through
improved customer service (Bradford & North Carolina State University, 2010). This is
affected by the use of operational support and inter-organizational systems and add-on
software for decision support (that is, advanced planning and scheduling (APS) systems such
as i2) and market information (that is, customer relationship management). The
infrastructural capabilities of ERP improves a firm’s operational efficiency ERP systems
reduce operational uncertainty by providing coordination, visibility and easy information
sharing where there is interdependence among business units.
ERP systems can also reduce equivocality through business process standardization
that aids to ensure information is presented in a consistent manner. Easy access to integrated,
precise and valid business data leads to better operational planning and decision support.
Integration of all these processes enables a company to have a competitive advantage over
rival firms. This is because ERP systems enable a company to have monopoly of the other
firms in production of good and services (Bradford & North Carolina State University, 2010).
More importantly, ERP systems are praised to bring about abnormal stock returns to firms.
However, some critics to ERP systems have pointed out the system is harmful. They argue
that the only experience in abnormal stock return is less significantly felt with manufacturing
firms, but not with ERP adopters. Many adopters of ERP systems have no positive return on
investment (ROI).

ERP SYSTEMS 3

Reference

Bradford, M., & North Carolina State University. (2010). Modern ERP: Select, implement &
use today’s advanced business systems. Raleigh, NC: North Carolina State University,
College of Management.

All Rights Reserved, scholarpapers.com
Disclaimer: You will use the product (paper) for legal purposes only and you are not authorized to plagiarize. In addition, neither our website nor any of its affiliates and/or partners shall be liable for any unethical, inappropriate, illegal, or otherwise wrongful use of the Products and/or other written material received from the Website. This includes plagiarism, lawsuits, poor grading, expulsion, academic probation, loss of scholarships / awards / grants/ prizes / titles / positions, failure, suspension, or any other disciplinary or legal actions. Purchasers of Products from the Website are solely responsible for any and all disciplinary actions arising from the improper, unethical, and/or illegal use of such Products.