A Review on Business Enterprise Resource Planning (ERP)

Abstract

Enterprise Resource Planning (ERP) systems integrate a business’s core functions, including finance, human resources, supply chain management, manufacturing, and customer relationship management, into a unified platform. By streamlining operations, ERP provides realtime access to critical data, enhancing decision-making and operational efficiency. As organizations accelerate their digital transformation, modern ERP solutions leverage cloud computing, artificial intelligence, and data analytics to improve scalability, flexibility, and security. Despite implementation challenges, ERP systems significantly enhance resource utilization, reduce costs, and provide a competitive edge. This research paper explores key ERP concepts, benefits, implementation challenges, and future advancements, highlighting ERP’s role in business process optimization and digital transformation. Despite these advancements, the implementation of ERP systems still presents several challenges for organizations. Common obstacles include substantial financial investment, extended rollout timelines, resistance from users, complexities in data migration, and the necessity for extensive training programs. Successfully addressing these issues demands a strategic approach to implementation and active involvement from all stakeholders throughout the process. This paper offers a comprehensive analysis of ERP systems, covering fundamental concepts, associated benefits, implementation hurdles, and current technological developments. It underscores the essential role ERP systems play in streamlining business operations, supporting digital transformation efforts, and sustaining a competitive advantage in an ever-evolving, technology-driven environment.