Enterprise Resource Planning

Enterprise Resource Planning

Enterprise Resource Planning: An ERP system is an attempt to integrate all functions across a company to a single Computer system (Only for processing) that can serve all those specific needs.Generally in a practical way, in a manufacturing organization, every department will use their own computer for feeding the data. In every department one person will be there.

Integration of Systems will become ERP: Integration is the key word for ERP implimentation. It will also integrate key customers and suppliers as part of the ERP operations. It provides integrated database and custom-designed report systems. It adopts best practices for carrying all business processes.
Major Reasons for adopting ERP:
Integrate financial information. Integrate Customer Order information.
Standardize and speed up operations process. Standardize Human Resources information.
Reduce Investory in cost, process and services.

Benefits of ERP: -
Integration into a single source of data. Common data definition.
Increased productivity. Reduced operating costs. Improved internal communication.
External Benefits: -
Improved Customer Service and Order fulfillment. Improved Communication with Suppliers and Customers.
Enhanced Competitive Position. Increased Sales and Profits.

Major Phases of ERP Implimentation: initiation - develop business case, Project scope and implementation strategy. Planning - Establish Team, determine golas. Analysis and process design - Improve existing processes.
Major Challenges to ERP Implementation:
Limitations of ERP Capabilities. Inconsistency with existing processes.
Costs and maintenance. Impact on organizational Structure. Changes in Employee Responsibilites.

ERP Implementation Practices : Link between teams to both technical and functional departments. Regular trainings to the new team in the concerned departments.
New Developments:
Availability of web-based and wireless Systems. Linkage to other Software systems,
Supply Chain management system. E-Commerce System. Customer Relationship management system.

What is ERP and how does it work: ERP is an acronym that stands for “Enterprise Resource Management”, the consolidated process of gathering and organizing business data through an integrated software suite. ERP software contains applications which automates business functions like production, sales quoting, accounting, and more.
What is ERP and its benefits: G2Crowd defines Enterprise Resource Planning (ERP) systems as integrated systems that manage all aspects of a business; aligning financial management, human Resources, supply chain management, and manufacturing with the core function of accounting.

What are the types of ERP: Best Enterprise Resource Planning (ERP) Software include: SAP S/4HANA, Sage Intacct, Oracle eBusiness Suite, SAP ERP, PeopleSoft Financials, Oracle Cloud ERP, SAP Business One, and Microsoft Dynamics 365 (formerly Microsoft Dynamics CRM).
What are ERP skills: These activities range from accounting, procurement, project management to risk management, compliance, and supply chain operations. ERP was created to solve the management needs of all business processes. It offers the ability to customize and gives more control over the implementation process.

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