Overview and History of ERP

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.

Adoption of an ERP system enables an organization to eliminate dozens or even hundreds of separate systems and replace them with a single, integrated set of applications for the entire enterprise.

To be successful in today's competitive and continuous evolving information technology (IT) market companies must be able to utilise their skills, information and knowledge to the highest efficiency level possible. Utilisation of and control over these factors will aid companies in acquiring and maintaining competitive advantages over others operating in the same competitive IT market. The implementation of an Enterprise Resource Planning (ERP) system would be perfect to suit a

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.

Enterprise Resources Planning (ERP) is the core system of any company. In order to facilitate all departments in a manner to improve issues, there are a few things that must be meet to successfully utilize a software system such as ERP. This allows any member within the company to access a single and centralized data source with information regarding products, services, customers and suppliers (Sadrzadehrafiei, Chofreh, Hosseini, & Sulaiman, 2013). The ability to share and access one software benefits the company to improve in areas such as sales and marketing, customer satisfaction, human resources, operations, and more. In addition, business intelligence tools such as ERP systems provide the techniques and solutions managers need to analyze and understand complex business situations, and simplify decision making processes that is of crucial importance during times of financial and economic crisis (Antoniadis, Tsiakiris, & Tsopogloy, S. 2015). This paper explores the definition and functions of an ERP system and the successes and costs of implementation.

For the past several years, there has been a shift how organizations are utilizing ERP system effectively and build up stronger client relationships. The role of ERP has changed from back office operations to integration of business processes. New trends and proposals are being developed that promise to further improvement in the business operations.

This report is the analysis and commendation of Pete’s business and how and where ERP system can be implemented to reduce the business complications. The company with 113 outlets and multiple sales channels, supplies both homegrown and off-the-shelf system to its customers. With 1,500 grocery stores, corporate offices, a website, and delivery trucks, the company was able to increase its revenue by 23% over a year which is remarkable. However, the outdated system which used to handle core business functions such as financial, order management, inventory management, fulfillment procurement and manufacturing was unable to cope with the ever growing business demand, which in result was effecting both the sales and

Enterprise Resource Planning (ERP) system is a software package or one integrated system that is designed to institutionalize the collection and sharing of organizational data resources (Klaus et al., 2000; Mabert et al., 2003; Wang et al., 2008). Since this kind of systems allows inputting and outputting information and the information could be shared across the whole organization in time, companies all over the world are now utilizing the ERP systems to improve operational efficiency (Davenport, 1998; Klaus et al., 2000).

Regarding, the ERP systems, one of the most important studies has been emphasized by O’Leary (2000) which categorizes the benefits of ERP systems into two categories, respectfully tangible and intangible benefits. Therefore, some of the tangible benefits of ERP systems relies in reduction of inventory, reduction of procurement costs, reduction of maintenance, reduction on transportation costs, production improvement etc. In the same line (Schalk 1999) argues that through ERP systems negotiation between organizations and suppliers is easier therefore there is a reduction in the cost of raw materials. Thus, more savings lead to greater benefits for the organizations.

The success of any business lies in effective communication and proper data exchange within internal departments. Delayed in latest information is a remarkable obstacle in failure of any business. To overcome this problem, a proficient solution "ERP" came into existence. The vast tool, capable of integrating internal business processes of any organization, is so called termed as Enterprise Resource Planning. ERP is an approach of amalgamating the various departments of an enterprise such as Sales, HR, Finance, Marketing, Production, Warehouse, etc. The single source where internal departments can share and access information quickly is ERP. In actual, ERP is a wide centralized database where all the inter-departmental data is stored. It is capable of performing multiple operations in a single time and can be used by various enterprise units at the same time.

ERP programming frameworks give an abundance of uses in one incorporated framework. From Accounting, CRM, Warehouse Distribution, HR and Marketing – all territories of your business are open from the single information sour.best-of-breed applications are utilized toward

ERP has the ability to modernize distinctive organizational processes and flow of one task to another. Likewise it has the ability to readily interconnect information across various departments. To add on, ERP increases the satisfaction rate of customers thereby providing excellent customer service. Moreover, ERP enables the management to readily available to the real time information in order to make the appropriate decisions. ERP improves efficiency, performance and productivity levels of all the business operations too. The organizations can track and perform better future forecasting with the help of ERP.

Switching to an integrated ERP solution is a big step for many businesses but it’s also a sign of success. As your business expands, you may have outgrown your current software and systems and need to look for an alternative.

ERP (Enterprise resource planning) is a software that allows companies to automate and integrate many of their business processes, share a common database and business practices throughout the enterprise, and produce information in real time. The objective of ERP system is that it supports the streaming and distribution of geographically scattered enterprise information across all the functional units of a business house. It provides the business management executives with a comprehensive overview of the complete business process, which in turn influences their decisions in a productive way. Many big companies have adopted ERP into

An ERP system supports most of the business functions such as manufacturing and production, Accounting and finance, supply chain management, inventory management, human resource management, customer relationship management, and more. It coordinates all the resources, information, and activities needed to complete business process.