ERP benefits and challenges

There are both tangible and intangible ERP advantages Tangible ERP advantages i.) Workflow of the product from one department to other becomes smooth and without any impediments. Hence increasing productivity of process and personnel. ii.) Since same software is now used across all departments, individual departments having to buy and maintain their own software systems are no longer necessary leading to lowering of cost of production hence reducing cost iii.) There are various modules in an ERP system like Finance/Accounts, Manufacturing, Marketing/Sales, Supply Chain/Warehouse Management...