Role & Benefits of ERP in Supply Chain Management
Early ERP systems were largely focused on financial management and accounting, but over time they evolved to encompass a wider range of business processes, including supply chain management. Today, ERP systems are integrated platforms that provide a single source of truth for all core business processes, from finance and accounting to procurement and logistics. In the context of supply chain management, ERP has proved to be a game-changer. By providing real-time visibility, improving efficiency, enabling demand forecasting, and enhancing collaboration, ERP helps manufacturers to optimize their supply chain operations, reduce costs, and improve customer satisfaction. The rise of cloud-based ERP solutions has only accelerated the adoption of ERP in supply chain management, making it more accessible and affordable for businesses of all sizes. Overall, ERP has played a critical role in the evolution of supply chain management, helping manufacturers to meet the ever-increasing demands...