What is new?
ERP, on the other hand begins with a fresh relook at the existing business. In fact it is the result of a happy marriage between Business Process Reengineering (BPR) and Information Technology (IT). BPR is fundamental rethinking or radical redesign of business process to bring about dramatic improvement in performance. It is enabling tool through which a business can achieve it. ERP thus enables a business to reengineer by providing a single-system enterprise wide application.
It enables a company to run its business in an integrated manner with a company wide angle which leads to a better orientation towards the customer needs, the company’s goals and how each operating process supports them. With this, companies are able to develop and manufacture products more quickly and profitably. Also, they can respond quickly to change as and when an external factor necessitates change.