Sustainable Business With Adoption Of Erp Technology For Functional Implementation

Abstract

Purpose: The purpose of the study is to assess the sustainability in the business and challenges it has got. It also tries to understands the significance of ERP in the business management. The adoption of ERP technology has improved the functional status of the business, leading to increase in their profitability.

Methods and Data: A total of 5 companies in Mumbai in the field of Healthcare, manufacturing, small enterprises, e-commerce, and non-profit organizations, were identified. Information from the past and the present were included in the research. The data was collected to portray information logically, using both quantitative and qualitative methods. It will give a clear picture of Pre and Post ERP implementation challenges and benefits.

Findings: business and market by and large were predictive. ERP implementation life cycle worked on a fixed framework with definite Scope, Time, Budget, and Timeline. Hence the waterfall model was the best choice to go for any software implementation.

Policy Implication: Over the years market situations changed and project management for ERP started moving from a waterfall to an agile model to cope with ever-changing business requirements.