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Should SMEs implement ERP system?

Every business now has the opportunity to take advantage of the Internet's geographical reach and potential for profit. Thus, the Internet has made it possible for small and medium-sized enterprises (SMEs) to compete effectively with the larger organizations. The enabling potential of the Internet guarantees that SMEs are appropriately represented and active participants in the globalized marketplace.

Today's web-based ERP solutions provide SMEs with a technology solution having all the functionality and benefits with minimal investment and risk.

By not making the transition to this new way of doing business with the help of an effective ERP system, small firms run a serious risk of becoming less competitive, affecting both their present market positions and long-term viability. As larger companies integrate ERP and e-commerce into their business, small firms run the risk of being excluded if they are unable to establish strong e-commerce ties with others in their supply chains.

Other questions:
What are the roles and responsibilities of ERP vendors?
How is the cost of ERP implementation built up?
What is the difference between ERP and tools for ERP?
What is the typical implementation time frame for ERP system?
What are the difference between service and manufacturing industry?
Why ERP is considered to be the backbone of e-business?
Why can't companies develop their own ERP packages?
What are some key areas in which ERP systems can yield additional cost savings?

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Common ERP Myths

ERP means more work and procedures

ERP will make many employees redundant and jobless

ERP is the sole responsibility of the management

ERP is just for the Managers/Decision-makers

ERP is just for Manufacturing Organizations

ERP is just for the ERP implementation team

ERP slows down the organization

ERP is just to impress customers

ERP package will take care of everything

One ERP Package will suit everybody

ERP is very expensive

Organization can succeed without ERP

 

 

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