The Evolution of ERP Software Systems in India
The journey of ERP Software Systems began in the 1960s and 1970s with the development of large-scale manufacturing and inventory management systems. These early systems were primarily used by large manufacturers to automate their production and inventory processes. In the 1980s and 1990s, ERP Software Systems began to evolve and expand to include modules for financials, human resources, and customer relationship management. This expansion allowed ERP systems to be used by organizations of all sizes and industries, not just manufacturers. Following liberalization, Indian firms recognized the importance of efficient manufacturing, cost reduction, and quality control in order to remain competitive. Others who adjusted flourished quickly, while those who remained to the old ways of doing business declined. As the Indian economy began to integrate with the global economy, the international links of Indian firms expanded enormously, with both imports and exports increasing exponent...