ERP

Enterprise Resource Planning

ERP or Enterprise Resource Planning in a generic name given to a type of information technology system and software which captures end-to-end business processes integrating all functions in an organisation such as sales, distribution, manufacturing, finance, human resources.

The vast majority of the worlds leading companies and corporations utilize ERP systems as their primary source of data capture and development of management information.

Need of ERP

To help us better manage the business of our company in a competitive deregulated scenario.

New Technology will give us, for the first time, a single integrated tool specifically designed to capture and share all of the required management information.

ERP allow us to be better informed and therefore make better decisions.

This in turn will help secure our future by improving the customer service that we provide and becoming more competitive.

Evaluation of ERP

Technological revolution affecting business environment.

Rapid technological developments in computers, communications and related IT fields.

Convergence of technologies - Computers, communication, cable television, media etc.

Exponential growth of the Internet and applications riding on the Internet.

Quick absorption of technologies by businesses for improved quality of services.

Business processes re engineered to leverage technological developments.

Success of Early adapters.

Competitive pressures make it mandatory for organisations to adopt these developments

Characteristics of ERP

Functionality to meet business requirements.

Application users will use the ERP software instead of existing software.

All locations would be networked.

Information available at local level will be immediately available to rest of the organisation.

Accuracy, quality and timeliness of information will improve dramatically.

On-line validation of all data entered into the software thus avoiding subsequent error corrections.

Advantages of ERP

Comprehensive functionality.

Well tested and documented solutions.

Lesser maintenance requirements compared to custom development.

Faster implementation/lower risk than custom development.

Increases efficiency as a result of process-wide validation.

Some of the ERP softwares

Epicor

Infor

Microsoft Dynamics

Oracle

SAP