ACHIEVING OPERATIONAL EXCELLENCE BY IMPLEMENTING AN ERP (ENTERPRISE RESOURCE PLANNING) SYSTEM (A CASE STUDY OF A LARGE SCALE INDUSTRY)

S.S. Kuber, Babasaheb P. Raut

Abstract: The objective of this research paper is to study the benefits in terms of operational excellence after implementing of an ERP system in a large scale industry (Filters Manufacturer). The study contains the functions from ‘Inventory’, ‘Procurement’, ‘Order Management’ & ‘Mobile Supply Chain’. Enterprise resource planning (ERP) software integrates key business and management processes within and beyond a firm’s boundary. An ERP system has the potential to seamlessly integrate various processes and functions of an organization, and generate a comprehensive picture of an entire company. Traditional methods of doing the business are too slow for the industry which is trying to compete against electronic. The paper highlights the benefits mainly in- i) Processing Time ii) Manpower Reduction iii) Reduction in Audit Frequency iv) Inventory Traceability v) Availability of Data & Reporting Advantages vi) Month End Closures / Reconciliations & Year End Closure vii) Operational Excellence & Productivity Improvements

Keywords: Enterprise Resource Planning, Operational Excellence

DOI: https://doi.org/10.15623/ijret.2014.0304153