3. What is an ERP?
Enterprise Resource Planning.
ERP is short for enterprise resource planning.
ERP is:
• An integrated system that allows different departments to exchange data
and information.
• Functions performed by an ERP platform include:
- Financial data management
- Business
- Assets management
- Personnel and workforce management.
Without an ERP, businesses normally have separate software for each
function, and the different types of software may not be able to exchange
data among them. SAP is one of Companies that manufacture ERP platform
software.
4. What is an ERP?
ERP vanquishes the old standalone computer
systems in finance, HR, manufacturing and the
warehouse, and replaces them with a single
unified software program divided into software
modules linked together, providing an integrated
vision of your business.
ERP is often referred to as back-office
software, the main goal is not to handle the up-
front selling process, even if in some industries it
can; most ERP vendors have recently
developed CRM software to do this; rather, ERP
takes a customer order and provides a software
road map for automating the different steps
along the path to fulfilling the order. When a
customer service representative enters a
customer order into an ERP system, he has all
the information necessary to complete the order
5. What is an ERP? People in these different departments all see the
same information and can update it. When one
department finishes with the order it is
automatically routed via the ERP system to the
next department. To find out where the order is
at any point, you need only log in to the ERP
system to track it down. With luck, the order
process moves like a bolt of lightning through
the organization, and customers get their orders
faster and with fewer errors than before
An ERP platform is designed to help a business organize its
resources to make the most profit the business can make.
Using an ERP, a business can schedule its use of resources
like property, machinery, and workforce assets in a means
that helps the company achieve more productivity and
efficiency.
6. What is an ERP?
Benefits ERP
• Eliminate the need to synchronize changes between multiple
systems—consolidation of finance, marketing and sales, human
resource, and manufacturing applications
• ERP can greatly improve the quality and efficiency of a business. By
keeping a company’s internal business process running smoothly.
• Can lead to better outputs that will benefit the company such as
customer service, and manufacturing
• Can protect sensitive data by consolidating multiple security systems
into a single structure
• ERP provides support to upper level management to provide them with
critical decision making information. This decision support will allow the
upper level management to make managerial choices that will
enhance the business down the road.
