An ERP system allows an organization to integrate applications across business functions like accounting, manufacturing, sales, and marketing. Implementing an ERP system is a complex process that typically involves planning, configuring, and deploying the system over several phases. Key benefits of ERP implementation include improved information accuracy and availability, enhanced reporting, cost savings, and better customer service. However, ERP projects also face challenges such as inadequate requirements definition, resistance to change, unrealistic timelines, and poor communication. Careful planning is required to successfully implement an ERP system.
Enterprise resource planning (ERP) is an enterprise-wide information system designed to coordinate all the resources, information, and activities needed to complete business processes such as order fulfillment or billing. ... Ideally, the data for the various business functions are integrated.
A comprehensive look of functional enhancements, new features and an overview of new modules also core financial module new features and functions and demonstrate and discuss enhancements to existing features and functions in the Oracle R12 Financial Suite of products.
What is ERPNext?
● ERPNext is an Open Source ERP System
● Active project since 2010
● Used by more than 1000 companies in more than 100
countries
● Designed for small and medium-sized business.
● Covers accounting and finance, CRM, manufacturing,
payroll, inventory, and more
● Highly customizable and extendable
If you own a business, you might have come across the word ERP more often than not. People in your fraternity talk about it on a fairly regular basis and it seems to you as if it is the single most important thing that your business needs in order to grow. It thus becomes important for you to know what an ERP is – in case you aren’t already aware – and what value does it add to your business.
Enterprise resource planning (ERP) is an enterprise-wide information system designed to coordinate all the resources, information, and activities needed to complete business processes such as order fulfillment or billing. ... Ideally, the data for the various business functions are integrated.
A comprehensive look of functional enhancements, new features and an overview of new modules also core financial module new features and functions and demonstrate and discuss enhancements to existing features and functions in the Oracle R12 Financial Suite of products.
What is ERPNext?
● ERPNext is an Open Source ERP System
● Active project since 2010
● Used by more than 1000 companies in more than 100
countries
● Designed for small and medium-sized business.
● Covers accounting and finance, CRM, manufacturing,
payroll, inventory, and more
● Highly customizable and extendable
If you own a business, you might have come across the word ERP more often than not. People in your fraternity talk about it on a fairly regular basis and it seems to you as if it is the single most important thing that your business needs in order to grow. It thus becomes important for you to know what an ERP is – in case you aren’t already aware – and what value does it add to your business.
ERP is an acronym for Enterprise Resource Planning, but even its full name doesn't shed much light on what ERP is or what it does. For that, you need to take a step back and think about all of the various processes that are essential to running a business, including inventory and order management, accounting, human resources, customer relationship management (CRM), and beyond. At its most basic level, ERP software integrates these various functions into one complete system to streamline processes and information across the entire organization.
The central feature of all ERP systems is a shared database that supports multiple functions used by different business units. In practice, this means that employees in different divisions—for example, accounting and sales—can rely on the same information for their specific needs.
Introduction to Enterprise Resource Planning (ERP )
Information System and Its Components, Value Chain Framework, Organizational Functional Units, Evolution of ERP Systems, Role of ERP in Organization, Three-Tier Architecture of ERP system
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1) Automotive sector (utility vehicles, LCV’s, three wheelers)
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Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2. Contents
1 2 3 4 5
Backdrop to ERP
Solutions and
concepts
Introduction
and a typical
introduction
process
ERP
Implementation
and Benefits
ERP
Implementation
and Challenges
Case study and
conclusion
3. Before ERP
Transfer to Accounting office
Transfer to
accounting office
Transfer to manager
approval
7. Introduction to ERP
• ERP stands for Enterprise Resource Planning.
• Enterprise Resource Planning (ERP) is business management software that allows an organization to
use a system of integrated applications to manage the business.
• Being specific ERP systems are large computer systems that integrate application programs in
accounting (i.e., accounts receivable), sales (i.e., order booking), manufacturing (i.e., product
shipping) and the other functions in the firm
E-ENTERPRISE
• Business
Organization
R-RESOURCE
• Money
• Manpower
• Material
• Machinery
• Marketing
• methods
P-PLANNING
• Effective
utilization and
optimization of
resources
8. Evolution of ERP
ERP II- extended ERP system
21st Century
ERP- Integrated manufacturing with supply chain
Late-1990’s
ERP(Enterprise resource planning) Covering all the activities
Mid-1990’s
MRP II (Integrated system for manufacturing execution
1990’s
MRP II (Manufacturing resource planning)+Financial accounting system
1980’s
MRP(Material requirement planning)
1970’s
System just for Inventory control
1960’s
9. Typical business process:
A typical enterprises has many departments/business units (BU’s)
These departments/Bu’s continuously communicate and exchange data with
each other
The success of any organizations lie’s in effective communication and data
exchange within the departments/BU’s as well as associated third party such as
vendors, outsources and customers
Also known as Decentralized system
Key Observation: Decentralized system
Problems with
Decentralized
system:
Numerous disparate information system are developed individually over the time
Integrating the data becomes time and money consuming
Inconsistences and duplication of data
High inventory, material and human resource cost
10. Typical business process:
Data is maintained at a Central location and is shared with various departments
Departments have access information /data of the other departments
Benefits of Centralized system:
Eliminates the duplication, discontinuity and redundancy in data
Provides information across departments in real time
Provides control over various business processes
Increase productivity, better inventory management, promotes quality, reduced
material cost and boosts profits
Better customers interactions, increased throughput, improves customer
Key Observation: Centralized system
12. Core ERP module
The Human Resource module assists the HR team in managing human resources
efficiently
Human resource module
• HR management ERP modules enhance the employee experience- From initial recruitment to the time tracking.
• A sub modules can include payroll, performance management, time tracking, benefits, compensation and
workforce planning
Self-service tools that allow managers and employees to enter time and attendance
The finance module manages the entire inflow and outflow of money/capital.
Finance & Accounting
module
• This module records all account-related transactions such as expenditures, balance sheets, ledgers, budgeting,
bank statements, payment receipts, tax management, and so on. Financial reporting is a simple task for this ERP
module.
• Any financial data required for business operations is available with a single click in the Finance module.
The purchase modules handle all of the processes involved in the procurement of
items or raw materials for the organisation.
Purchase Module
• The purchase modules handles features such as supplier/vendor listing, supplier & item linking, sending quotation
requests to vendors, receiving & recording quotations, quotation analysis, preparing purchase orders, tracking
purchase items, preparing GRNs (Good Receipt Notes), and updating stocks, as well as various reports.
• Purchase module is integrated with Inventory module & Engineering/production module for updating of stocks.
13. Core ERP module
The CRM department helps to improve sales performance by providing
excellent customer service and maintaining positive customer
relationships
Customer Relationship
Management(CRM) module
• The CRM modules assist in managing and tracking detailed customer information such as communication
history, calls, meetings, details of purchases made by the customer, contract duration, and so on.
• To improve sales opportunities, the CRM module can be integrated with the Sales module.
The production module greatly aids the manufacturing industry in product delivery.
Engineering / Production
module
• This module includes features such as production planning, machine scheduling, raw material usage, (Bill of
material) preparation, tracking daily production progress, production forecasting, and actual production
reporting.
The SCM module manages the flow of product items from the manufacturer to the
consumer and back again.
Supply Chain Management
(SCM)
• A Manufacturers, Stockists, distributors, retailers, and other SCM roles are common. SCM includes demand and
supply management, the sales return and replacement process, shipping and transportation tracking, and so
on.
• Today, many SMBs are struggling with process automation. ERP systems can be extremely beneficial to such
14. Core ERP module
The ERP sales module manages all of the sales transactions.
Sales module
• A typical sales process includes processes such as sales query and inquiry analysis and handling, quotation
drafting, accepting sales orders, drafting sales invoices with proper taxation, dispatch/shipment of material or
service, and tracking pending sales orders.
• The CRM module can use the sales module to create future opportunities and generate leads.
The business intelligence(BI) supports informed decision making by everyone, from
executives to line managers and accountants
Business Intelligence
• In general, Bi tools allow users to share and analyse the data collected across the enterprise and centralised in
the ERP data base
• BI can come in the forms of dashboard, automated reporting and analysis tools used to monitor the
organizational business performance
Integration
• Key to the value of an ERP package is the integration between modules, so that all of the core business
functions are connected. Information should flow across all the organization so that BI reports on organization-
wide results
16. ERP project implementation
What Is an ERP Implementation?
ERP implementation describes the process of Planning, Configuring
and Deploying an ERP. The process typically continues for a few
months or may be couple of years in few cases.
Implementing an enterprise resource planning (ERP) system can be
a complex undertaking that affects many parts of the business. As
with any major initiative, a carefully designed implementation plan
is critical.
To ensure a successful implementation, the organization needs to
carefully define its requirements, determine how to redesign
processes to take advantage of the system, configure the ERP
system to support those processes and rigorously test it before
deploying it to users. Successfully navigating all those steps on
schedule requires careful planning and a structured, phased
implementation approach.
Dividing your implementation into phases, each with clear
objectives, can maximize your success.
17. Implementation phases
1
2
3
4
5
6 ERP
An ERP system integrates many functions across the
business, such as financial management, human resources,
sales and manufacturing, to deliver benefits such as
increased productivity and efficiency.
In contrast, diving into an ERP implementation without first
establishing clear project direction, scope and structure
increases the likelihood of encountering significant
problems later.
A typical ERP implementation plan can be divided into six
phases, each with specific objectives. Every business is
unique, so the phases may vary somewhat depending on
the company, and they also may overlap.
1. Discovery & Planning
2. Design
3. Development
4. Testing
5. Deployment
6. Support & Updates
18. Key Benefits of implementing ERP
• Higher management performance
• Better accuracy and availability of information
• Improved coordination
• Precise planning
• Enhanced reports
• Scalability and flexibility
• Cost-effectiveness
• Easier access to management systems
• Improved customer service
• Better competitiveness on the market
22. ERP implementation challenges
How ERP software works
ERP software works by combining separate systems into a unified source of information and
resources.
This enables managers to identify trends, optimise systems, and streamline decision making based on
measurable metrics. This can benefit any organisation that decides to take the risk.
An ERP system streamlines your separate, complex business processes.
This is not an easy task.
Challenges of ERP implementation
Inadequate
Definition of
Requirement
Resistance to
change
Inadequate
Resource
Inadequate
Training and
Education
Lack of Top
MGMT
support
Unrealistic
Expectations
of benefits
Miscalculation
of time and
efforts
Poor
communicatio
n
S/W business
process
incompatibility
Poor Project
design and
MGMT
Poor ERP
package
selection
other
23. ERP implementation
challenges
Top 5 risk with ERP
implementations:
1. Expensive (can
costs 100
thousands to
million of dollars)
2. Time
consuming (can
take months to
years)
3. Great risk for
the organization
4. Transfer of
knowledge
5. Acceptance
within the
organization
24. ERP implementation challenges
• Changes in business procedures, responsibilities and workload
• As a result, the ERP implementation are times of high stress, long hours and uncertainty
• Mid level managers must
• Facilitate continual feedback from employees
• Provide honest answer to their question and help to resolve their problems
Change management:
• General education about the ERP system for everyone
• Massive amount of end user training before and during implementation
• Follow-up training after the implementation
• A training budget of 10% to 15% of the total implementation budget gives an organisation an 80%
chance of success
Extensive education and
training
• Clean-up data before cut-over
• “Near enough is no longer good enough”
• To command trust, the data in the system must be sufficiently available and accurate
• Eliminate the old systems, including all informal systems
Data clean up and data
integrity
• Following implementation, there will be an ongoing need for training and software support.
• Ongoing communication with all system users is required, as is monitoring the new system's use.
• Ongoing process of learning and adaptation that evolves over time
Implementation is viewed
as an ongoing process
Best practices of ERP implementation:
25. ERP implementation challenges
• Conclusion:
The potential benefits of a properly chosen and implemented ERP
system can be substantial.
• Inventory costs are reduced by 25 to 30% on average, with raw material costs reduced by
25%
• Lead-time for customers, production time, and production cost can be reduced
BUT the cost of implementing can be quite high and risks are great
26. ERP-Key market
insights
• Lists of key players :
• Oracle corporation (U.S), IBM Corporation (U.S), SAP SE
(Germany), Workday, Ins. (U.S), Microsoft corporation
(U.S), Sage group pls (U.K), Infor (U.S), Deltek (U.S), IFS
Global (Sweden), Epicor (U.S) and Others
Source: Enterprise Resource Planning [ERP] Software Market Size, 2029 (fortunebusinessinsights.com)
Market drivers:
Growing need to
improve operational
efficiency &
Streamline business
processes
Market trends:
Rising adoption of
advanced technologies
27. SUCCESSFUL CASE STUDIES OF ERP
IMPLEMENTATION
• Choosing the Oracle ERP Cloud solution helped
Western Digital merge three businesses.
• In 2018, Walmart announced a five-year agreement
with Microsoft for Microsoft Azure, which creates a
framework for multiple ERP systems.
• The TD Bank Group of companies also contracted
with Microsoft Azure for a cloud framework that
can integrate multiple capabilities and create more
digital innovation opportunities.
28. • Western Digital is a technology company with offerings in the areas of
data, data storage, data systems, and data solutions.
• A merger of Western Digital, SanDisk, and Hitachi Global Storage
Technologies (HGST) was a big challenge for the company around 2019.
• With the merger, Western Digital wanted to centralize ERP so that all
three companies could better work together.
• After final deliberations among two providers, the company went with
the Oracle ERP Cloud.
• This choice also followed with an Oracle Suite of products that included
solutions for performance management and analytics, all integrated
together.
WESTERN DIGITAL
29. The major benefits of the Oracle choice included integrations from the three businesses across
the following:
• Cost center management
• Information technology
• Human resource management
• Payroll processing
• Streamlined systems for forecasting business analytics and forecasts
• Workforce planning
• Comprehensive dashboards and automated reporting
• Improved customer relationship analysis
• Systems all running efficiently in the cloud for easier accessibility and document management
WESTERN DIGITAL
30. As of August 2022, Walmart is one of the top fifteen largest companies in the United States by market
capitalization.
Sales for the company in FY 2022 were over $570 billion.
The company operates globally with brick and mortar supercenters, discount stores, and neighborhood
markets. It owns hundreds of brands, including the well known Sam’s Club.
To successfully keep its shelves stocked it works with thousands of suppliers. Its e-commerce business is
also a large and powerful organization(behemoth), with a long list of online seller partnerships. The
complete size of Walmart’s business is one of its greatest advantages, but also challenges when it comes
to ERP.
Walmart works with many ERP providers. In 2018 however, it announced a strategic partnership for
building out a digital transformation through Microsoft Azure.
WALMART
31. • Benefits of the Microsoft Azure relationship include:
• Building out a cloud-based enterprise system that serves as the framework for
managing all of its resources
• The capability to plug-in existing ERP applications to the Microsoft Azure
framework
• Integration of Microsoft 365
• Broader and more efficient opportunities for e-commerce
• Broader opportunities for automated warehousing capabilities
• Use of artificial intelligence for supplier relationships
• Integration with SAP Hana and other legacy inventory management solutions
• Integration with block chain-based solutions that are evolving
WALMART
32. A migration to a sound cloud framework was also the driver for a relationship between TD Bank and
Microsoft for the Microsoft Azure ERP.
For the TD Bank Group, some of its biggest challenges are centered around digital storage and the
digital experience for customers.
With Microsoft Azure, the TD Bank Group will also integrate Office 365.
TD BANK GROUP
Some of the greatest benefits TD Bank will experience with its Azure relationship include:
•Enhancements in derivative pricing and risk management for TD Securities
•Integrations for its proprietary data and analytics database used in cross-bank reporting
•Integrations with artificial intelligence developments through its subsidiary Layer
•Greater opportunities for managing TD Bank customer relationships and digital experiences
33. Let’s Conclude
• In summary, ERP roles are critical in all types of organisations, including
manufacturing, retail, IT services, and banking.
• Choosing the best ERP for the organisation or modifying an existing one
still presents numerous challenges.
• Regardless of the costs involved in its implementation, if we see its
benefits, we will understand why it is so important in today's
competitive world.
