ERP's best hope for demonstrating value is in improving the way your campus takes a candidate’s admission and processes that into an online registration form, reporting, fee submission, admission confirm known as the admission fulfilment process. That is why ERP is often referred to as back-office software. it does not handle the up-front admission marketing and selling process; rather ERP takes a candidates admission and provides a software roadmap for automating the different step along the path to fulfilling the admission. For example People in these different departments all see the same information and can update it. When enquiry department finishes with the online/ offline enquiry, it is automatically routed all the information via the ERP system to the fee department for fees and then after registrar office for final admission. To find out where the admission is and how many seats are vacant, at any point, you need only log-in to the ERP system to track it down. With luck, the admission process moves like a bolt of lightning through the campus and candidates get their admission faster and with fewer errors than before. ERP can apply that same magic to the other major business processes, such as examination process, time table process, Library process, inventory process, employee process, fees and financial process, attendance process, payroll process etc. Some of the benefits that motivated organizations in implementing ERP systems are:
Automatic out-dated business processes makes no sense when the nature of work itself is changing. With the internet and mobile devices transforming the way we work traditional business process need to make way for new ones. ERP systems introduce new and latest processes that make operations simpler, faster, more efficient and more effective.
From quote to cash, an integrated business system helps you get product out the door faster. An ERP system gives you the tools to maximize the efficiency of business processes across the entire enterprise-forecast demand to suppliers, increase on-time delivery, automate the shop floor, decrease lead-time, increase order capacity, make commitments you know you can keep, etc.
Globalization merges and acquisitions and regulatory burdens have created new demands for process consistency and transparency. By taking control of processes and enforcing business rules. ERP systems ensure compliance not only with policies and regulatory requirements but also with best practices tuned to performances objectives. ERP fosters re-use of process fragments enterprise-wide while allowing variations where needed.
ERP systems automate many business processes that deliver to the appropriate people and systems, enforcing rules and tracking completion against set deadlines. The resulting automation noticeably cut cycle times- from weeks to one or two days is common- and allows significant expansion in daily work volume without adding staff. Efficiency improvements are the most important source of ROI from the ERP implementation.
Undertaking new business strategies requires an infrastructure that can handle the demands of an industry that is increasingly dependent on technology. Updating and integrating your business processes with an enterprise system enables you to take on more business and grow in new directions. ERP helps to connect multiple plants, take advantage of the Internet and wireless technology to customers and partners, introduce new product lines, mobilize your sales force, etc.
The new IT revolution is service-oriented architecture. SOA expose IT assets, both new and existing for re-use and interconnection as component services. By standardizing between components, SOA dramatically lowers the cost and effort of integrating business systems. Today’s ERP systems make use of SOA to interconnect the various services and allow them to be modified quickly in response of changing demand.
Using an enterprise system to standardization your business processes can dramatically improve your company’s bottom-line. Better resource management results in more inventory turns. Managements of your vendor relationship reduces costs of purchased items. More efficient scheduling on the shop floor reduces down time and overtime. Improved customer service leads to repeat business.
Taking your business onto the internet can give your company a competitive edge. web enabled technology allows you to access information, sell products, run business processes, and communicate With your customers and partners at any time and from anywhere in the world.
An ERP System integrates all business management functions, eliminating contradictory information from disparate systems. Reports, graphs and charts on key business Data can be automatically generated to provide a higher level of business performance visibility, with the drill-down capability into details behind the data that The decision-maker always wanted. The organization of information in a hierarchical structure, where the decision-maker can drill-down to the very specific details from the highly summarized reports will help the decision-maker in identifying the problem areas and improve the quality of the decisions.
The ultimate goal of ERP implementation is optimization performance. The same metrics and key performance indicators mapped out and simulated in a process model can be aggregated and display in real-time in performance management dashboards and reports. Like corporate performance management system, ERP supports high-level strategic metrics, drill- down analytics and alerts when results deviate from performance targets. By providing a platform for rule-triggered actions, ERP can turns alerts into automated escalation and remediation procedures, providing zero-latency response to business conditions. Parameters distilled from actual operations can be fed back into the process model to begin the next cycle to performance improvement.