Benefits of ERP – Singapore Stories
Introduction
There are many articles written about the benefits of Enterprise Resource Planning (ERP) over the years. A report on CIO ASEAN on 23 February 2019 about “What is ERP? Key features of top enterprise resource planning systems” provided a clear understanding and benefits of ERP.
In Singapore, when you mentioned about ERP, people will instinctively be mistaken that you are referring to “Electronics Road Pricing.” And, they may think that you probably work with the Land Transport Authority (LTA) of Singapore.
This article takes the view of how Enterprise Resource Planning (ERP) affects our Singapore companies. And how it applies to the unique Singapore business environment.
We study the benefits of ERP (Enterprise Resource Planning), and how it helps to build our Singapore Stories.
Top Business Challenges and Implications for Singapore Companies
In the last 20 years, the rapidly changing business environment had affected the bottom-line and survival of Singapore companies.
If you started a business 30 years ago, you could win sales if you were able to deliver the quality needed. Our labour cost was low, and the pace of business was much slower. You enjoyed a higher margin and probably made your first pot of gold. As time goes by, you will discover that margin is diminishing. You work much harder now just to get a small margin that you used to enjoy 20 years ago.