ERP a Boon for Contemporary Industries

Over the past two decades, businesses have changed enormously with growing customer pressure for responsiveness, variety and even lower prices. To meet the customer's expectations in modern times a number of Information Systems have been developed and many more are under development. Enterprise Resource Planning (ERP) is one of the information systems that emerged in the early 1990s. Manufacturers in a wide variety of industries enthusiastically adopted ERP were struggling with issues like globalization, acquisition consolidation, process standardization, and changes in customer expectations.