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Strategic initiatives
A requisite capability in a competitive global business A foundation for performance and cost improvement
Operational initiative
via integration Business Process Reengineering and removal of non value added activities To initiate a major organizational change within the company
Organizational initiative
Technology
IT is making the transition from a supporting operational entity to becoming a strategic competitive tool. Power of on-line / real time information Powerful Real Time decision support system
In the last decade, ERP software has exploded into the global business landscape. With the opening up of the Indian economy, there has been a turnaround growth in different industry verticals thereby helping them reach a level of maturity that demands advanced technology to efficiently manage and streamline their processes. This growth and along with the associated competition and quest for enhancing market share has led the organizations to re-look at its processes and procedures and put in place proper processes enablers and solutions to make its business more efficient and effective. Many Indian industries already have realized the need for ERP solutions, and the industryrelated market growth should match the expansion of the sector as a whole.
According to a research report, The Indian ERP market experienced compounded annual growth rate of 25.2 per cent during the period 2004-2009. The market was $83 million in 2004, and is projected to be around $225-250 million in 2011. Some of the potential target segments which have shown high penetration are Automotive, Steel, Consumer Durables, Engineering, Retail, Communications and Textiles thereby making it attractive for the ERP vendors. Globally ERP market is close to $ 50 Billion. The CAG for ERP is 12% during 2006-10.