| ERP stands for enterprise resource planning. | | | | India are higher ROI, Rapid industrialization and ease |
| Enterprise Resource Planning (ERP) software can be | | | | of integration with legacy systems. Enterprise |
| defined as a complete business software solution. | | | | Resource Planning which was considered to the most |
| The basic purpose and aim of ERP software is to | | | | critical buzzword in mid-90s has now readily opted by |
| arrange and assimilate all the systems of entering | | | | many companies. |
| data and processes, as related to business. ERP | | | | ERP is much more than a piece of computer |
| software is one of the most crucial elements for any | | | | software. It has changed the way businesses were |
| business firm which aims to harmonize its business | | | | conducted in India and at present, more and more |
| efforts. | | | | organizations and industries are operating it. Many |
| Now talking about the scope or the trend of ERP in | | | | Indian organizational performances have been greatly |
| India, one can clearly make out that today India has | | | | improved by the use of software applications like |
| emerged as a well known name and a key player in | | | | ERP that includes resource planning, management |
| global ERP market. These days every top educational | | | | control, and operational control. Today if anyone says |
| institutes and companies are constantly working | | | | that ERP holds a great promise then many of us will |
| towards promoting and expanding the IT market. In | | | | certainly agree with this statement. ERP has brought |
| this context today ERP actually holds lot of promises | | | | some "core competence theory" into many Indian |
| both in terms of supply and demand. | | | | organizations. |
| As per Frost & Sullivan research analyses | | | | ERP has brought new opportunities for many |
| conducted in India, it has been found that due to | | | | companies to trade with foreign counter parts in the |
| rising competitive pressure many Indian companies | | | | name of outsourcing, implementation and deployment |
| are looking forward to equip themselves with modern | | | | of the existing ones. It has also contributed in the |
| business processes like ERP solutions that can further | | | | growth of Indian economy. ERP has brought a new |
| provide unlimited access to information and enable | | | | revolution in the thinking process, rules and |
| them to compete effectively. Some of the factors | | | | procedures in the organization. |
| that are influencing the growth of ERP market in | | | | |