Journal of Economic Education and Entrepreneurship Studies, Volume 5, Number 3 (September) 2024
Available at https://journal.unm.ac.id/index.php/JE3S/index
p-ISSN: 2722-3744
e-ISSN: 2776-0278
Impact of ERP System Implementation on Operational and Financial
Efficiency in Manufacturing Industry
Titis Sri Wulan
1*
, Putri Wahyu Novika
2
, Elmi Nurvianti
3
, Feby Arma Putra
4
Politeknik PGRI Banten
Article History Abstract
Received August 22, 2024
Approved September 27, 2024
Published September 30, 2024
This study aims to analyze the effect of
implementing an ERP (Enterprise Resource
Planning) system on operational and financial
efficiency in the manufacturing industry. ERP
systems are known to simplify business
processes and improve efficiency, but their
impact varies across companies. Using the
linear regression method, this study measures
the effect of variables such as production time
reduction, inventory management, productivity
improvement, cash flow improvement, and
operating cost reduction on firm efficiency. Data
was obtained from ten manufacturing
companies in Indonesia that implemented ERP
systems in the period 2016-2021. The results
showed that all independent variables had a
positive and significant effect on operational and
financial efficiency. Regression coefficients show
that reduced production time and improved
inventory management contribute significantly
to efficiency, with coefficients of 0.452 and 0.328,
respectively. Increased productivity, improved
cash flow, and reduced operating costs also
showed a positive influence with coefficients of
0.378, 0.414, and 0.391. These findings indicate
that ERP system implementation can effectively
improve operational and financial efficiency in
the manufacturing sector, contributing to cost
reduction and productivity improvement. This
research is expected to provide insights for
companies considering ERP implementation to
improve their operational and financial
performance.
Keywords
Enterprise Resousrce Planning,
Operational Efficiency, Financial
Efficiency, Manufacturing Industry
JEL Clasification
L23, M15, D24
How to Cite
Titis Sri Wulan, Putri Wahyu Novika,
Elmi Nurvianti, Feby Arma Putra
(2024). The Influence of Digital
Marketing, Physical Evidence, and Price
on Customer Satisfaction in the Coffee
Shop Industry. Journal of Economic
Education and Entrepreneurship
Studies, 5 (3), 491-501.
*Titis Sri Wulan
Jl. Serang-Cilegon No.KM, RW.12, Serdang, Kec. Kramatwatu,
Kabupaten Serang, Banten, Indonesia 42161
e-mail: titissriwulan@gmail.com
© 2024 Universitas Negeri Makassar