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Benefits of ERP Systems |
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Improved quality
and
efficiency of a business
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Better company outputs
such as
customer service, and
manufacturing.
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Managers have
critical decision making information.
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A more agile company
that better adapts to change.
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A single repository for information on all business
functions – human resources, manufacturing, inventory, marketing, sales,
accounting and tax
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Better opportunities for
cross-functional management and collaboration
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All levels of a business can obtain real-time
management information for their area of responsibility...
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ERP Implementation
Top 10 Tips |
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Why ERP?
Internet economy not only
permits companies of all sizes to
compete on a more equal footing, but also accelerates the need for
business to adapt, to keep up with rapid changes in the marketplace.
IT-enabled Enterprise
Resources Planning (ERP) and Customer Relationship Management (CRM)
systems
create great business value. They establish direct customer and business-to-business (B2B)
relationships and create the opportunity to serve existing and new markets
faster and more efficiently.
How ERP
Works
ERP is a cross-functional enterprise
system driven by an integrated suite of software modules that supports the
basic internal business processes of an enterprise. ERP gives managers an
integrated real-time view of the enterprise’s core business processes such
as production, order processing, and inventory management, tied together by
ERP applications software and a common database maintained by a database
management system.
ERP systems track business resources
(such as cash, raw materials, and production capacity) and the status of
commitments made by the company (such as purchase orders, customer orders,
and employee payroll), no matter which department (manufacturing,
purchasing, sales, accounting, and so on) has entered the data into the
system.
ERP facilitates information flow between
all business functions inside the organization, and manages connections to
outside stakeholders.
Typical characteristics of an ERP
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An integrated system that operates in
real time
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A common database, which supports all
applications
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A consistent look and feel throughout
each module
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Installation of the system without
elaborate application/data integration.
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