10. WHAT IS ERP
• Enterprise resource planning (ERP)
• Enterprise resource planning (ERP) is a business
management software usually a suite of integrated
applications that a company can use to collect,
store, manage and interpret data from many
business activities, including:-Product planning, cost
and development Manufacturing or service delivery
Marketing and sales Inventory management
Shipping and payment ERP provides an integrated
view of core business processes, often in real-time,
using common databases maintained by a database
management system..
11. • ERP systems track business resources cash,
raw materials, production capacity and the
status of business commitments: orders,
purchase orders, and payroll. The applications
that make up the system share data across the
various departments (manufacturing,
purchasing, sales, accounting, etc.) that
provide the data. ERP facilitates information
flow between all business functions, and
manages connections to outside stakeholders
12. • Enterprise system software is a multi-billion dollar industry
that produces components that support a variety of
business functions. IT investments have become the largest
category of capital expenditure in United States-based
businesses over the past decade. Though early ERP systems
focused on large enterprises, smaller enterprises
increasingly use ERP systems. The ERP system is considered
a vital organizational tool because it integrates varied
organizational systems and facilitates error-free
transactions and production. However, ERP system
development is different from traditional systems
development. ERP systems run on a variety of computer
hardware and network configurations, typically using a
database as an information repository.
13. HISTORY
• History
• Origin of "ERP"In 1990, Gartner Group first used the
acronym ERP as an extension of material requirements
planning MRP), later manufacturing resource planning and
computer-integrated manufacturing. Without replacing
these terms, ERP came to represent a larger whole that
reflects the evolution of application integration beyond
manufacturing.
• Not all ERP packages developed from a manufacturing core.
Vendors variously began with accounting, maintenance,
and human resources. By the mid–1990s ERP systems
addressed all core enterprise functions. Governments and
non–profit organizations also began to use ERP systems.
15. • NAME MD. Sheikh shahriar Arif
• ID NUMBER: - 142006082
• SECTION: - (2)
• SEMISTER: -01th
• DEPARTMENT: - BUSINESS
ADMINISTRATION
• PRPGRAM:-BBA
16. Advantages
• Allows easier global integration (barriers of currency
exchange rates, language, and culture can be bridged
automatically)
• Updates only need to be done once to be implemented
company-wide
• Provides real-time information, reducing the possibility
of redundancy errors
• May create a more efficient work environment for
employees[4]
• Vendors have past knowledge and expertise on how to
best build and implement a system
• User interface is completely customizable allowing end
users to dictate the operational structure of the product
•
17. Disadvantages
• Locked into relationship by contract and
manageability with vendor - a contract can hold a
company to the vendor until it expires and it can
be unprofitable to switch vendors if switching
costs are too high
• Inflexibility - vendor packages may not fit a
company's business model well and
customization can be expensive
• Return on Investment may take too long to be
profitable
• Implementations have a risk of project failure
19. • NAME MD. Md. Shahin Alam
• ID NUMBER: - 142006015
• SECTION: - (2)
• SEMISTER: -01th
• DEPARTMENT: - BUSINESS
ADMINISTRATION
• PRPGRAM:-BBA
20. ERP Software Modules
• ERP software typically consists of multiple enterprise
software modules that are individually purchased, based on
what best meets the specific needs and technical
capabilities of the organization. Each ERP module is focused
on one area of business processes, such as product
development or marketing. A business can use ERP
software to manage back-office activities and tasks
including the following:
• Distribution process management, supply chain
management, services knowledge base, configure, prices,
improve accuracy of financial data, facilitate better project
planning, automate employee life-cycle, standardize critical
business procedures, reduce redundant tasks, assess
business needs, accounting and financial applications,
lower purchasing costs, manage human resources and
payroll.
21. • Some of the most common ERP modules include those for
product planning, material purchasing, inventory control,
distribution, accounting, marketing, finance and HR.
• As the ERP methodology has become more popular,
software applications have emerged to help business
managers implement ERP in to other business activities and
may incorporate modules for CRM and business
intelligence , presenting it as a single unified package.
•
The basic goal of using an enterprise resource planning
system is to provide one central repository for all
information that is shared by all the various ERP facets to
improve the flow of data across the organization.