Homework Research Paper Example | Topics and Well Written Essays - 500 words - 3

Homework - Research Paper Example The system also helps in management of such factors as differences in exchange rates, language, and culture and therefore promises and enhances capacity in the global set up. The organization also needs ERP system to improve its management initiatives from monitoring processes to control potentials over its processes. The system can also save the organization from efforts and resources for ordinary management of data (Monk and Wagner 2012, p. 36). ERP benefits Bag Co. by ensuring efficiency in data management. The system detects and eliminates duplication of data, a factor that ensures accuracy in data for informed decisions I data application. The organization has also attained a significant level of efficiency from the system’s application because its processes are faster, more accurate and cost effective (Hossain, Patrick, Rashid and Rashid 2002, p. 45). ERP also benefits the organization through integration of factors to the organization’s benefits for eliminated barriers (Monk and Wagner 2012, p. 36). Enterprise Resource Planning has the advantage of facilitated independence across an organization’s department because it avails information from different departments at a centralized place. This has secondary advantages of faster processes that ensure efficient service delivery to customers. The system also offers a competitive advantage over other organization through established efficiency and is an avenue to success in the global environment. The system is however expensive in terms of time and financial resources. The system is also prone information breach and may lead to information loss to competitors (Sudalaimuthu and Raj 2009, p. 364). Integrating SCM and CRM with ERP has the value of improving an organization’s competitive advantage. This is because the integration improves effectiveness of each of the systems and combines the system’s objectives that add different values to an