Enhancing ERP Efficiency: Cost optimization and Risk Management for Labor and Material automation
: In the Indian real estate sector, managing large-scale projects
requires meticulous planning, coordination, and execution. The complexities involved in real
estate projects, including fluctuating labor costs, dynamic material prices, and ever-evolving
project scopes, pose significant challenges to timely and cost-efficient delivery. As the
industry contributes substantially to India's GDP and urban development, there is a growing
need for adopting advanced tools and methodologies to streamline project management
processes. Enterprise Resource Planning (ERP) solutions like SAP (Systems, Applications, and
Products in Data Processing) have emerged as critical enablers for managing real estate
projects.
This research explores three critical facets of ERP implementation in project management:
Process Automation for Material and Labor Reconciliation focuses on leveraging automation
tools to enhance data accuracy, timeliness, and reporting in ERP, Risk Analysis of Scope
Changes on Cost Planning investigates the financial and timeline risks posed by project scope
changes, providing strategies for mitigation using ERP components and Application of Lean
Tools in ERP examines how lean principles, can be integrated into SAP workflows
