I did not have any professional experience with ERP and that was one of the reasons I wanted to understand the necessity of the ERP system especially in large organizations, but the simulation of a simple pen manufacturing company performed this week helped a lot to realize the value and need of an ERP system in any organization. The simulation helped to know in advance of the problems I am to address and resolve by studying and working on ERP systems. In simulation we observed how necessary it is to have an efficient ERP system to support range of fundamental business issues such as availability of real-time information for decisions, operational efficiency and better management of supply and demand. How implementation of efficient ERP systems can lead to success of organization can be realized by looking at LG Electronics successful ERP implementation. LG’s case story demonstrates many crucial issues faced by a multi-national company, many of which we came across in our pen manufacturing simulation such as, unclear top-level reporting, lacking transparency, internal data sharing, disengaged employees. Implementation of appropriate ERP solutions helped LG to overcome existing challenges and also achieve many other benefits and further growth of the company.
(link: http://www.investopedia.com/articles/investing/111214/lg-case-study-successful-enterprise-resource-planning-system.asp)