Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results. Benefits have been indicated for large and small firms, whether they make standard or custom products or are in discrete or process manufacturing environments. This section explains the quantifiable benefits in terms of several areas of improvement. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.
accounts receivable turnover
and other 500,000 Accounts receivable 2,000,000 18% 356,200 Inventory 3,000,000 20% 600,000 Fixed assets 3,000,000 Total assets $8,500,000 $956,200 Current liabilities xxx,xxx Non current liabilities xxx,xxx Stockholder''s equity xxx,xxx Total liabilities and equity xxx,xxx Inventory Reduction . A 20 percent inventory reduction results in $600,000 less inventory. Improved purchasing practices (that result in reduced material costs) could lower this number even more. Accounts