ERP is something that, whatever the scale and form of the company, is an inherent aspect of any business. ERP has been a vital part of the industry and facilitates business processes. ERP or corporate resource planning software acts as a network linking various organizations and coordinating all activities.
ERP will help a company handle purchases, sales, distribution, organizing plans, and any small and big phase involved in the business. There are a lot of truths and theories about the ERP. In this blog, we're going to look at major ERP patterns in 2021. We're also going to take a look at some of the ERP facts.
-The word ERP became common in the 1990's.
- For the first time, ERP was used to handle only industrial processes and, before using ERP, the corporate community used the term MRP or Manufacturing Resource Planning.
-In the 1990s, the software system saw a steady rise in the use of computers and the Internet.
-2000, the new millennium has inspired many industry organizations to move into a new mode of activity with the aid of ERP.
-ERP was originally used to handle back-office based operations
-CRM and related operations were merged into ERP at a later stage
-The current ERP was first called ERP II
-The post-2000 ERP relied mainly on web-based activities and expanded usage of internet services.
-ERP II or post-2000 ERP focused mainly on customer relationship management, the supply chain process and market intelligence.
-With these innovations, ERP has been streamlined, open and has enabled companies to move globally.
As we've gone through the past of ERP, we can now move on to the new developments in ERP.
The year 2021 will be a significant juncture for the development of the ERP. In 2020 seeing and facing a global pandemic, the importance of managing and running a company from a distance has become more apparent.
Although many companies that depended on an efficient ERP scheme could handle their company efficiently during the pandemic, many other industries that had not yet embraced ERP had suffered a lot. Learning from experiences and instances, more new businesses are expected to embrace ERP strategies for their potential benefits. ERP's straightforward and remote activity will allow a company to coordinate and track the work of its workers from everywhere in the world.
Key benefits of ERP in 2020
-Tracking the success of employees
-Calculation of hours of work for employees-management of productivity
-Tracking of accounting and financial activities
-Online support for customer relationship management
-Fast door delivery and drop-off service management
-quick monitoring of programs and products;
-improved funding for social media and web marketing
-Report on job success and customer loyalty
-Analysis of efficiency and production