Answer to Question #267838 in Management for lakita

Question

Suthar Timber Merchants in Patiala, India, features a large selection of building supplies, including timber, fencing and decking, moldings, hardwood flooring, sheet materials, windows, doors, ironmongery, and other materials. The prices of building materials are constantly changing. When a customer asks about the price on fixtures, fittings, hangings, and other items, sales representatives consult a manual price sheet and then call the supplier for the most recent price. The supplier in turn uses a manual price sheet, which has been updated each day. Often, the supplier must call back Suthar's sales reps because the company does not have the newest pricing information immediately on hand. Assess how the use of ERP systems/ software can help the business improve their situation. Identify the cons of implementing the ERP solution/ software solution for Suthar Timber Merchants do to avoid a failure in the implementation. 

Answer 1

Suthar Timber Merchant's Enterprise Resource Planning system is critical because it boosts overall business efficiency by efficiently managing all of its resources. Employees around the Merchants may access shared data and information without the need to keep handwritten records. Everyone has direct access to the data, allowing firm management to make important choices swiftly and eliminating duplication during manual sheet entry. ERP systems combine and analyze critical financial data. It also increases productivity and reduces delays in the Timber Merchants.

The disadvantages of installing the ERP solution in the Merchant include the high cost of software installation, such as the initial software investment, which is particularly costly when migrating from other older systems to ERP. In addition, the Merchant will spend a significant amount of time training its personnel, which will interfere with day-to-day business operations. Data migration from an outdated spreadsheet to an ERP system is complex. Data transfer might be daunting, but collaborating with an experienced ERP setup professional can help to expedite the process and give finishing recommendations. Another disadvantage is that Suthar Timber Merchant's specific company demands may necessitate adaptation.