ERP systems integrate all business management functions including planning, inventory/materials management, engineering, order processing, manufacturing, accounting and finance, human resources etc.
The biggest advantage of an ERP system based on its real-time capabilities and the ability to see what is going on with the organization as it happens.
Installation of an ERP system has many advantages. The advantages may be both direct and indirect. The direct advantages include efficiency improvement, integration of information, faster response time to customer queries, etc. Example of indirect benefits include better corporate image, improved customer goodwill, customer satisfaction and so on. Some of the benefits are as follows :