Benefits of ERP system

lead time is time gap between order placed for purchase of an item and its delivery. Cycle is completion of full cycle ( cycle could mean production / manufacturing / sales cycle) i. e placing and order for purchase of an item , delivery of that item , paying for that item and using that item in production, selling the final output, collecting money from customer post sale

Sriram Somayajula

Admin

22-Sep-20 07:19

Thank you:)

Thread Starter

Punitha Krishnaraj

CA Inter

★ 5K+

22-Sep-20 08:12

ERP systems offer streamlined processes, centralized data management, and enhanced efficiency by automating tasks and providing real-time data access. They enable improved reporting and analytics for better decision-making, cost savings through process optimization, and regulatory compliance. ERP systems also provide scalability and flexibility to accommodate organizational growth and changing needs. Overall, implementing an ERP system leads to increased operational efficiency, better decision-making, and a competitive advantage in the market.

Barkha official

Qualified CA

★ 0

06-Jun-23 13:41

Lead time refers to the total time from order placement to delivery, encompassing all steps of the process, while cycle time refers to the time it takes to complete one cycle of an operational process, such as production of an item. In an <a href="https://dtsitsolution.com/technology/dts-erp/">ERP system</a> ERP system, reduction in lead time implies quicker order fulfillment, and reduction in cycle time implies more efficient operations, enhancing overall business productivity and customer satisfaction. https://dtsitsolution.com/technology/dts-erp/

Laura Solis

CFA L1

★ 0

03-Jul-23 18:56

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.

peol solutions

Qualified CS

★ 5

31-Aug-23 12:00

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.

peol solutions

Qualified CS

★ 5

31-Aug-23 12:00