The Effect of Using Information Technologies for Supporting Decision-Making in the Procurement Management of an Industrial Enterprise on Reducing Financial Costs
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Author: Irina Gladilina, Lyudmila Pankova, Svetlana Sergeeva and Vladimir Kolesnik
Author Address: Moscow Metropolitan Governance University, Moscow (Russia) Moscow State Institute of International Relations (University) of the Ministry for Foreign Affairs of Russian Federation, Moscow (Russia)
Keywords: Enterprise resource planning, ERP processes, ERP systems, information systems, procurement management
JEL Codes: E20, M11, O16, P42
Abstract
The results exhibited the criteria distinguishing ERP systems from other software products, gave a comparative cost analysis of implementing ERP systems, and considered the ERP processes to provide the enterprise with material resources. It was concluded that ERP systems are an important tool for managing the efficiency of an enterprise through integrated and systematic automation of all its business processes. Implementing contemporary automated enterprise management systems of the ERP class at Russian enterprises significantly increases the enterprise's procurement management efficiency and strengthens its competitive advantages.
Description
Indian Journal of Economics and Development
Volume 18 No. 2, 2022, 367-373
DOI: https://doi.org/10.35716/IJED/22068
NAAS Score: 5.15 (2022)
Indexed in Clarivate Analytics (ESCI) of WoS
Indexed in Scopus (SJR: 0.18)
UGC Approved (UGC-Care List Group II)