Also, ERP practices may have varying relevance to the industry, agriculture, and service sectors of the Indian economy. Now let us see at the various aspects of ERP in Indian industry.
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ERP in Indian Industry.
Close study of the Indian industrial sector reveals some interesting facts. The top 500 private sector companies and approximately 40 Public Sector Units (PSUs) hold more than 80 percent of the industrial assets of the country. Since ERP solutions initially tend to be accepted only by the big players in any market, the same trend is expected in India, too. Some of the first Indian companies to have adopted ERP practices are HLL, ONGC, ESSAR, Godrej Soaps, Cadburys, BASF, Telco, Maruti Udyog Ltd., Century Rayon, Citibank, ACC, ANZ Grindlays, German Remedies, Blue Star, Mahindra & Mahindra, Rallis India, Sony India Pvt. Ltd., Ceat Ltd., Indal, Ford Motors, Kirloskar, Knoll Pharmaceuticals, and Glaxo.
Though the market seems to be very encouraging for ERP implementation, the time frame for deployment may be an issue. However, since many companies that have not yet implemented ERP are leaders in their markets, it reasonably can be assumed that they will go for it within next five years. In fact, the ERP market should grow at a rate somewhere near the industrial growth rate.
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Background of Enterprise Resource Planning.
It is a concept developed by Gartner Group describing the next generation of manufacturing business systems and manufacturing resource planning (MRP II) software.
It will include the client/server architecture, use graphical user interfaces and be crafted with open systems i.e. portable across platforms. Beyond the standard functionality that is offered, other features are included, e.g., quality, process operations management, and regulatory reporting. In addition, the base technology used in ERP will give users both software and hardware independence as well as an easy upgrade path.