1. What is ERP?
Defining ERP : ERP (Enterprise Resource planning) refers
to automation and integration of a company's core business to
help them focus on effectiveness & simplified success. An ERP
System automates and integrates core business processes such
as taking customer orders, scheduling operations, and keeping
inventory records and financial data.
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2. Benefits of ERP
•Streamlining processes and workflows with a single integrated system.
•Reduce redundant data entry and processes and in other hand it shares
information across the department.
•Establish uniform processes that are based on recognized best business
practices
•It Improves workflow and efficiency
•Improved customer satisfaction based on improved on-time delivery,
increased quality, shortened delivery times
•Reduced inventory costs resulting from better planning, tracking and
forecasting of requirements
•Turn collections faster based on better visibility into accounts and fewer
billing and/or delivery errors
•Decrease in vendor pricing by taking better advantage of quantity breaks
and tracking vendor performance
•Track actual costs of activities and perform activity based costing
•Provide a consolidated picture of sales, inventory and receivables
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3. Who Needs ERP Software ?
Every company needs to have the ERP Software to grow their business. ERP
software help them to manage all the resources related to their organizations. This
will help them to improve the productivity and the companies who use ERP
software will be able to adapt themselves the current trends in their industry.
Different businesses vertical such as Trading, Production or Services etc. Can make
use of ERP Software. Many companies are developing ERP software that is
available to purchase for a one time fee or the entrepreneur can buy the service as
SaaS(Software as a Service) Model. It is the choice of the buyer which on he/she
should have.
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4. “ERP is like the nervous system
for a business”
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--Mark Jeffery
5. Some typical ERP modules
ERP Presentation Created By
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