Assignment on Erp System in Bangladesh

7009 Words Jun 25th, 2013 29 Pages
Assignment on
Enterprise Resource Planning (ERP) System in Bangladesh

Course Title: Management Information Security
Course Code: MBA-6314
Semester: Fall-2012
Section: C

Submitted To:

Syed Mustafizur Rahman Chowdhury
Senior Lecturer
Department of Business Administration
Northern University Bangladesh

Submitted By:

Sajib Kar EMBA-120203371
Md. Noor Rahman Khan EMBA-120203373

Date of Submission: December 22, 2012

Enterprise Resource Planning (ERP)
Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an
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This means that the software reflects the vendor's interpretation of the most effective way to perform each business process. Systems vary in the convenience with which the customer can modify these practices. Companies that implemented industry best practices reduced time–consuming project tasks such as configuration, documentation, testing and training. In addition, best practices reduced risk by 71% when compared to other software implementations.
The use of best practices eases compliance with requirements such as IFRS, Sarbanes-Oxley, or Basel II. They can also help comply with de facto industry standards, such as electronic funds transfer. This is because the procedure can be readily codified within the ERP software and replicated with confidence across multiple businesses who share that business requirement.

Definition of Enterprise Resource Planning (ERP)
“Enterprise resource planning (ERP) is a systems which integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. & automate this activity with an integrated software application.” * Wikipedia
“Accounting oriented, relational database based, multi-module but integrated, software system for identifying and planning the resource needs of an enterprise. ERP provides one user-interface for the entire organization to manage product planning, materials and parts purchasing,

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