TEL  Vol.8 No.5 , April 2018
Increasing Competitiveness in the Textile Industry: A Focus on the Accounting Benefits of ERP Systems by Exploring Cases from the UK & Greece
ABSTRACT
Due to the competitive marketplace environment, production companies need to increase efficiency. ERP systems can significantly increase profitability, while decreasing operational costs. This paper is focusing on the accounting benefits of ERP systems in the production sector, and more specifically the textile industry. It also explores cross-cultural differences regarding ERP use by looking into two cases from the UK and Greece. The information gathered from the HQ and production plants influences managerial decision-making and efficiency at an organizational and operational level. However, differences in handling and acting upon the generated accounting information are noticed between the two cases.
Cite this paper
Charamis, D. (2018) Increasing Competitiveness in the Textile Industry: A Focus on the Accounting Benefits of ERP Systems by Exploring Cases from the UK & Greece. Theoretical Economics Letters, 8, 1044-1057. doi: 10.4236/tel.2018.85072.
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