DEFINITION An accounting oriented information system for identifying and planning the enterprise-wide resources to make,ship and account for customer orders. An enterprise planning system is an integrated computer based application used to manage internal and external resources,including tangible assets,financial resources,material and human resources
CHARACTERISTICS OF ERP Combines several traditional management function into a logical integrated system and facilitate flow of information across these functions. It is designed to model and automate basic process across the organization over a centralized database. It eliminates the needs of disparate systems maintained by various units of an organization.
ADVANTAGES OF ERP Improves Business efficiency, Enhance tools and capabilities, Helps in attracting and retaining the right talent, productivity improvement, cost reductions, more effective procurement, revenue enhancement
ERP-How it can be used toenhance Business enterprise For-- Business integration and improved data accuracy. For-- Planning and MIS For-- improve efficiency and Productivity For—Establishment of standardized procedures By providing Flexibility and Technology
Ex-PARLE G-ERP MODEL HRSTANDAR GENERATE A PLAN D SUBCONTRACTICOSTING RECIEVABLE NGWITH SUPPLIER PURCHASING RAW MATERIAL SHIPPING PRODUCTIO N RECEIVINGFINANC MATERIAL E SALES PAYMENT STOCK ISSUE ORDERS Manufacturi SERVICE ng OPTIMIZATIO ORDER N
ERP process ---PARLE G-Explaination Generating a plan for whole process like what to manufacture,who is a supplier of raw material.how to manufacture ,how to sell,how to keeping stock Contract with suppliers for raw material. Purc hasing raw materials from suppliers Receiving raw materials Make payments to suppliers Start manufacturing-INPUT(R.M)- TRANSFORMATION-OUTPUT(Product) Selling of a product Receive payments then again generate a plan for new product.
CONCLUSION There must becommitment from alllevels. A failed implementationmay lead to bankruptcyof an organization.