Enterprise Resource Planning ( Erp ) Essay

Today Enterprise Resource Planning (ERP) is extensively adopted by many organizations regardless of kind and size, mainly because it provides enterprise-wide view of information across all their business operations and help organizations achieve consistency across all their functional departments. The potential benefits of ERP system implementation include improved coordination across functional areas, increased efficiency, reduced operational costs, rapid access to information for decision making, managerial control and support for strategic planning.

ANSWER: ERP is known as Enterprise Resource Planning, plays an important role to bring together various departments in an organization by effective means of communication through automated software systems. The main function of ERP systems is to manage the flow of important data between various levels of management, thereby providing a clear insight to the performance and outputs of the organization. ERP is an effective tool of business solutions and provides detailed information to a problem occurring in the organizational structure. ERP is the most needed to follow the processes of a client irrespective of the level of completion and enhances a problem free working environment through its constant data flow. An ERP system gives access to various modules like human resources, manufacturing, sales, supply chain management, etc. The biggest advantage of using an ERP system is that it integrates all the small units of a system in to a central system for management that is of great use to the IT sectors. It is also considered as a secure system through which any transaction or process can be tracked with ease. The possibility of errors is minimal in ERP systems as most of the operations are automated and centralized. One can

Enterprise Resource Planning (ERP) - A process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance, human resources, etc. (Investopedia, 2015)

Enterprise resource planning enables firms to replace different departmental information systems and database silos with systems that collectively work as a single cross functional database. ERP systems are available for every key business function such as order processing, production control, HR, warehouse, marketing, finance and much more. By having a common technology and database platform throughout the firm, systems and processes from various departments can be integrated that achieve superiority in terms of enhanced cost, operational and productivity benefits. Implementing an ERP system requires careful planning to achieve the targeted benefits and minimize the risk of project failure.

The object of this research paper is to describe the implementation challenges of an enterprise system, then to analyze the changes required in its implementation and discuss the advantages of ERP over legacy systems. Some of the informational background will be discussed in this paper regarding enterprise resource planning systems. This paper will construct some examples from my research findings to show why ERP has advantages over legacy systems. This paper will also not only provide strengths of having an enterprise system, but will show weaknesses as well. And to conclude, this paper will explain why and how enterprise systems will be of benefit for organizations and business with decision-making processes.

ERP, which is an abbreviation for Enterprise Resource Planning, is principally an integration of business management practices and modern technology. Information Technology (IT) integrates with the core business processes of a corporate house to streamline and accomplish specific business objectives. Consequently, ERP is an amalgamation of three most important components; Business Management Practices, Information Technology and Specific Business Objectives.

Successful implementation of an Enterprise Resource Planning (ERP) is not impossible in real life but for that it must be developed through a proper planning and implementation. ERP are designed to upgrading an organization’s ability to generate more timely and accurate information for its supply chain. Most of the companies have faced heavy problems while trying to implement ERP systems and have led to serious problems.

Enterprise resource planning (ERP): This is a business process administration programming that permits an association to utilize an arrangement of coordinated applications to deal with the business and computerize numerous back office capacities identified with innovation.

described the ERP system as packaged (but customisable) software applications, which manage data from various organizational activities and provide a fully integrated solution to major organizational data management problems. They provide for both the core administrative functions, such as human resource management and accounting, as well as integrated modules which can be selected to support key business processes, such as warehousing, production and client management.

Enterprise Resource Planning is a term formerly invented in 1990 by The Gartner Group to describe the next generation of MRP II software. The purpose was to integrate all facets of the professional creativity under one group of software requests. The meaning of ERP would be broadened to include almost any type of large integrated software package. Webopedia offers a widespread description of ERP as a occupational organization system that integrates all facets of the occupational, with planning, trade, sales, and marketing. About of the additional well-known ERP software designers contain SAP, Oracle, and PeopleSoft.

Enterprise Resource Planning systems are integrated, enterprise-wide, software application packages with a shared database that manage a business’s resources efficiently and effectively regardless of their size. They consist of different functional modules in the departmental structure of a firm. (E.g. Accounting Department, Procurement, Sales Department, Production Department, Warehouse, etc.). The information in ERP systems can be accessed by

ERP is all about the central collection of data for wide distribution. So instead of having several databases for separate departments with an endless inventory of disconnected spreadsheets ERP will bring together everything in order for all users from CEO to accounts payable clerks to create store and use same data derived through common processes.It has a certain level of security and centralized data repository so that everyone knows that the data is correct and complete. Data integrity is assured at a level from a quarterly financial statement to a single outstanding receivables report without deploying error.

Due to dramatic changes in organisational management, technology plays an important role in today business environment. According to Groomer & Murthy (1989) incorporation of information technology solutions are becoming increasingly important for all businesses in order to operate successfully. One way that many businesses have implemented information technology on a large scale (Groomer & Murthy, 1989) is by setting up Enterprise Resource Planning (ERP) systems to achieve their business transaction and data processing needs. According to the business need, selecting the appropriate information system such as Enterprise resource planning (ERP) will be appropriate and suitable because it improves efficiency. However it should be borne in mind that every business has its own dimension; therefore, there is the dire need of appropriate selection and need based customizations (Kleiner et al., 1999).

In the past, ERP systems were used in larger and only in manufacturing companies. However, now a days, the use of ERP has changed and is extremely comprehensive, any type of company, no matter what industry it falls in can implement ERP. SAP is one of and the largest ERP system in the world. SAP software allows the integration of all units of an organization’s business operations in one system for planning, controlling and monitoring purpose. This means all the information that is entered by HR, can be accessed by finance team

There are many different types of software that can help an organization communicate data back and forth through their various departments. One certain system that does this is the Enterprise Resource Planning System, also known as ERP. Enterprise Resource Planning Systems integrate business management along with technology. There are many parts of an ERP system, including Manufacturing, Finance, Human Resources, and many more. The system has saved organizations time and money in various ways. Although ERP Systems have helped businesses in integrating various data information between organizations, there are a number of disadvantages that individuals working with the system should be aware of.