Key Benefits
Key Benefits achieved from ERP Implementation:
Integrated System under one database / server / instance
Transparency in transaction and data across the company.
Maintaining centralised master data.
Real time information access to inventory, credit check, suppliers and customers outstanding.
Acceptance of the best industrial practices.
Information Openness and real time availability
No redundancy of information across locations
No dependency upon external vendor for the business application
Other Benefits:
Support Strategic Planning
Execution of Strategic Planning is much easier with no major cost impact.
Organization Enhancement
ERP helped imparted training and enhancing knowledge within the Organization. Team did the handholding people for achieving confidence upon the new system.
Less dependence upon staff
In the presence of an on line system, information is accessible to all the relevant persons and is shared across which is resulting in strengthening the organization not the individuals.
Integrated single source of information
ERP has helped the organization to make all the information available at a single source.
Redundancy of Human resources in certain areas
Due to the absence of an intelligent system, there are always certain areas where human resources are in excess and the head count should be optimized after the implementation of Oracle apps.
Improved Policies / Business Procedures
There were certain policies or business procedures not available or not followed which are getting in place now with the implementation of Oracle Applications. With the help of the system, Finance can track the expense sheets easily and ask for the expense sheet once employee comes back from the trip.
Adequate Planning System
Inventory planning was a major problem especially since it is a mix of trading manufacturing units, for example Timely replenishment of material is necessary to deliver Finish Products to the customers. There is lot more to be used in the system to improve this. Oracle facilitates users to extensively use MRP, min max planning systems, Reorder point planning systems etc.
Timely availability of Information
Oracle is an on line system and provides real time information to the users. Oracle ensures to provide timely availability of information helping management to take the right decision at the right time.
FUTURE PLANS:
There is still a long way to go. Hepworth PME IT is committed to execute the following projects;
Increase the utilization of ERP System
Roll out ERP System to Oman Location
Implement Oracle HRMS in Qatar
Implementation of DBI (Daily Business Intelligence)