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Impact of Enterprise Resource Planning On Usage of Balance Scorecard Implementation - Article Example

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This paper declares that The scope here is primarily to evaluate the need of ERP, followed by a thorough understanding of its impact and if its objectives are being met. We gradually move to capture the adverse effects, huge cost implications, and losses…
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Impact of Enterprise Resource Planning On Usage of Balance Scorecard Implementation
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Download file to see previous pages It is important that companies have an absolutely clear understanding regarding what is enterprise resource planning before contemplating on its implementation as the urgency to acquire results in a limited time frame most often defeat the very purpose of investing in ERP. While we are aware ERP accelerates results and speed is one of the key drivers, the faster it is implemented the quicker and better are the advantages and delivery in terms of results, however this early process has a huge hindrance, the returns are sought at a shorter period which may blind the companies to foresee long-term effects. This deviation from the conventional practice is being largely implemented as far as many companies are concerned. Business process re-engineering played a vital role with respect to its implementation. One needs to know the components of Enterprise resource planning beyond the definition to further the interest of ERP.
The most natural outcome of this effort leads to the development of gaps between the actual results and the one derived during the process of foreseeing or at the planning stage. Customizing ERP without a thought through analysis, merely at the slightest requirement of various stakeholders in the organization, molding of practices followed in the company would inevitably drag the assessment of results beyond the time limits permitted to evaluate its success. Let alone the huge monetarily impact, it also damages basic customers trust. It is also necessary to understand that mere ERP planning does not guarantee the benefit of ERP. It has to be implemented as planned project after understanding the components of enterprise resource planning. ...Download file to see next pagesRead More
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