A Brief History of ERP
An Enterprises Resources Planning (ERP) system allows a company to connect its core business activities to boost productivity and stay competitive. However, the anticipated benefits of increased productivity and competitive advantage would not be realized unless the system successfully implemented. ERP solutions are used by businesses to keep their employees at their best and continuously grow their businesses despite market changes.
The ERP industry began way back in the 1940s when businesses attempted to develop calculating machines to aid operations. Several years later, manufacturing businesses recognized the necessity of a system that effectively monitors and controls inventories. As a result, Inventory Management and Control (IMC) systems have been developed to manage inventory status reporting and performance target setting.
A modern ERP system can consolidate data from different parts of a company and make it available for the entire team to review. Moreover, many modern ERP systems invest in visualization and analysis tools, which allow users to create reports and alert colleagues to successes. Thus, enterprise software solutions serve as a single source of truth, allowing stakeholders to compare successes and prepare for bumps in the road ahead. This type of software is crucial for any business, and it is essential for the success of any organization.
Business change is never easy. It can, however, be less complicated if performed following analysis, preparation, and strategy. If your firm has opted to implement an ERP system, it is your responsibility as a user to gain a thorough understanding of the system and to commit fully to it. If you do, there is a good possibility that you will assist the organization in making the most of this excellent instrument.
To learn more about the history of ERP, here is an infographic from Integral Management.
