Enterprise Resource Planning

3582 WordsJan 30, 201315 Pages
http://en.wikipedia.org/wiki/Enterprise_resource_planning Introduction to ERP systems. The enterprise resource planning (ERP) system is integrated set of programs that provides support for core organizational activities such as manufacturing and logistics, finance and accounting, sales and marketing, e-commerce, payroll and human resources. An ERP system helps the different parts of the organization share data and knowledge, reduce cost, and improved management of business processes. ERP (Enterprise Resource Planning) is principally an integration of business management practices and modern technology. Information Technology (IT) integrates with a corporate house’s core business processes to streamline and accomplish specific business…show more content…
Manufacturing Engineering, resource & capacity planning, material planning, work flow management, shop floor management, quality control, bills of material, manufacturing process, etc. Financials Accounts payable, accounts receivable, fixed assets, general ledger, cash management, and billing (contract/service) Human Resource Recruitment, benefits, compensations, training, payroll, time and attendance, labour rules, people management Supply Chain Management Inventory management, supply chain planning, supplier scheduling, claim processing, sales order administration, procurement planning, transportation and distribution Projects Costing, billing, activity management, time and expense Customer Relationship Management Sales and marketing, service, commissions, customer contact and after sales support Data Warehouse Generally, this is an information storehouse that organizations, customers, suppliers, and employees can access for their learning and orientation. ERP Systems Improve Productivity, Speed, and Performance Prior to the ERP model’s evolution, each department in an enterprise had their own isolated software application that did not interface with any other system. Such isolated frameworks could not synchronize the inter-department processes and hence hampered the
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