Management Information System: Erp Sys in Tata Steel

Enterprise resource Planning (ERP) is any integrated cross-functional software that reengineers manufacturing, distribution, finance, human resources and other basic business processes of a company to improve its efficiency, agility and profitability.1 On an initial view, an ERP system appears to be the cure for any company’s issues. The installation of such a system offers an organization the opportunity to re-structure their procedures, to coordinate branches’ systems in other geographic locations, unify information and inspire employees via granting them permission to company information. Now these chances exist at heightened costs financially. There are also implementation horrors and labor issues with which must be dealt with. A

Umble, E., Haft, R., & Umble, M. (2003). Enterprise resource planning: Implementation procedures and critical success factors. European Journal of Operational Research, 146(2), 241-257. doi:10.1016/s0377-2217(02)00547-7

ERP, in its entirety, provides a single database that stores all the data for its individual modules. Some of the modules an ERP system supports include, but is not limited to:

In order to survive in this competitive business world, every business must produce or offer not only a better product or service, they must also offer better customer service, reduce their production costs and overhead costs, have a more well-planned management system, a highly reliable infrastructure, and the list is endless. Many of these can be achieved through a customized enterprise resource planning system (ERP). ERPs serve as “one comprehensive database to house all of the company’s corporate information”. However if these systems are not used correctly with the necessary change in management of people and technology it can result in failure.

"Enterprise Resource Planning is an integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ERP modules may be able to interface with an organization's own software with varying degrees of effort, and, depending on the software, ERP modules may be alterable via the vendor's proprietary tools as well as proprietary or standard programming languages" (pcmag.com). After researching companies who offer ERP solutions, I have decided to cover the following; SAP, IBM, AMS, and Oracle.

Businesses will often seek out an ERP software solution to help find specific inefficiencies or complex issues exist in their business processes.

The Enterprise Resource Planning System is a cross-functional information system that represents an important development for Whirlpool and an important area of activity for the information management function. Instead of focusing on the information processing requirements of business functions, ERP software focuses on supporting the business processes involved in the operations of a business. The introduction of enterprise-wide computer networking makes it possible to control all major business processes within a single software design.

Enterprise Resource Planning (ERP) systems are one of the most current technologies that many companies adapted. Enterprise Resource Planning is defined as a software package that combines activities happening in different divisions into a single computer system. The ERP systems allow transparency in the organization and easy access of data, the software packages consist of several modules which are Finance, Sales, Human Resource and production, delivering an incorporation of transferable- based information management (Esteve and Pastor, 1999). The ERP systems is considered to be the most important management tool in the business industry because it producers real-time data and it increases level of production (Esteve and Pastor, 2001).

What is ERP? ERP is short for enterprise resource planning and it is a business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources. ERP software integrates all facets of an operation, including product planning, development, manufacturing, sales and marketing. (http://www.webopedia.com/TERM/E/ERP.html)

Al-Mashari, M., Zairi, M., & Al-Mudimigh, A. (2010). ERP implementation: An integrative methodology. In I3E 01 Proceedings of the IFIP Conference on Towards The E-Society: E-Commerce, E-Business and E-Government.

Enterprise resource planning is a balanced software solution which is used to manage a company’s resources. It includes various modules for the numerous departments in a company. These include HR, Marketing, Sales and Distribution, Material Management, Production Planning and Finance and Controlling. The ERP system provides transaction codes which perform predefined operations on the entered data set. A large number of different operations can be executed using the ERP transaction codes. Thus, this saves time spent in calculations and assimilation of data.

Enterprise Resource Planning is a packaged business system or software that provides business solutions. These business solutions include processes that automate and integrate different processes of the organization and share common data across the enterprise (Shang and Seddon, 2002).

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.

The ERP is the face of the entire management system. This business management software is a suite of integrated applications that organizations use to collect, store, manage, and interpret data from many business activities (Wikepedia, 2012). The key component to the ERP is the producing and providing of information in real-time, supporting operations functions such as purchasing, inventory, manufacturing, shipping, etc. In addition to the ERP, other inputs into the EMS include

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