Benefits of ERP in an organization

Read of the tangible and intangible benefits of ERP in an organization and how ERP helps in making an organization better in the article below

Spectrum ERP have helped many in making their business better it can help you too. Know More

Why is speed important for a business to succeed?

Why is speed important for a business to succeed?
"Speed is the New Currency of Business" - Marc Benioff - Chairman and CEO Salesforce Why is speed important for a business to succeed? Business is all about Speed they say!  But before we get into how or why speed is critical for any business to succeed, let us understand what exactly is speed in business. What is Speed in Business? In terms of Business, Speed essentially means how quickly your business performs. What is your turnaround time? How soon do you respond to prospect queries, clients requirements, customers feedback etc. In terms of a typical manufacturing business, it will m...
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Tangible and Intangible benefits of ERP

There are both tangible and intangible ERP advantages Tangible ERP advantages i.) Workflow of the product from one department to other becomes smooth and without any impediments. Hence increasing productivity of process and personnel. ii.) Since same software is now used across all departments, individual departments having to buy and maintain their own software systems are no longer necessary leading to lowering of cost of production hence reducing cost iii.) There are various modules in an ERP system like Finance/Accounts, Manufacturing, Marketing/Sales, Supply Chain/Warehouse Management...
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