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LG is the south korea based company which is the electronics company. It has 119 subsidiaries available worldwide and there are more than 80000 people working as an employee. The company is actively working in the following segments - entertainment, wireless and mobile communications, transportation components, home appliances etc.

Why ERP was felt needed in the LG company ?

There were following reasons responsible for the implementing ERP software in LG company -

• high maintenance costs
• inefficient decision making
• lack of transparency
• underuse of resources
• more manual processes

How ERP was implemented in the LG company ?

To launch the erp software in LG company was not a cakewalk but it was implemented in to five different planned phases in five consecutive years (2002 - 2006). It gave the following benefits to the company -

• boosted employee morale and productivity
• transparency in the manual and automated process
• centralized and integrated single ERP system
• readily available real time reporting
• easy sharing of best practices
• facilitated learning through the online prepared manuals and reports
• performance appraisal on the base of actual performance, competencies and standards

So the overall moral of the story is this that the LG electronics company became able to improve its HR practices & policies by using the automated erp solution and it is still using this software by innovating new modules and services.

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by - https://alokjasmatiya99.dudaone.com/why-did-the-lg-company-implement-the-erp-software