5 Minute Guide to ERP

Computer and Technology - Information technology has transformed the way in which we live and also the way we do business. ERP, or Enterprise Resource Planning, is just one of most widely implemented business software systems inside a wide selection of industries and organizations. In this informative article, we’ll attempt to explain the fundamental yet important concepts relevant to ERP concisely. 

5 Minute Guide to ERP

5 Minute Guide to ERP

What‘s ERP - ERP is that the acronym of Enterprise Resource Planning. ERP definition refers to both ERP software and business strategies that implement ERP systems. ERP implementation utilizes various ERP software applications to enhance the performance of organizations for 1 ) resource planning, 2 ) management control and three ) operational control. ERP software includes multiple software modules that integrate activities across functional departments - from product planning, parts purchasing, inventory control, product distribution, to order tracking. Most ERP software systems include application modules to aid common business activities - finance, accounting and recruiting. 

 ERP Systems - ERP is much greater than a section of computer software. An ERP System includes ERP Software, Business Processes, Users and Hardware that run the ERP software. An ERP product is greater than the sum of their parts or components. Those components interact together to obtain a common goal - streamline and increase organizations' business processes. 

 History of ERP - Enterprise Resource Planning (ERP ) is that the evolution of Manufacturing Requirements Planning (MRP ) II in the 1980s, while MRP is that the evolution of Inventory Management & Control conceived in 1960s. ERP has expanded from coordination of manufacturing processes towards the integration of enterprise-wide backend processes. When it comes to technology, ERP has evolved from legacy implementation to more flexible tiered client-server architecture. 

 Benefits of ERP - ERP software attempts to integrate business processes across departments onto one enterprise-wide information system. The main benefits of ERP are improved coordination across functional departments and increased efficiencies of doing business. The implementation of ERP systems helps facilitate day-to-day management also. ERP software systems are originally and ambitiously designed to aid resource planning small portion strategic planning. In reality, resource planning is the weakest link in ERP practice because of the complexity of strategic planning and insufficient adequate integration of ERP with Decision Support Systems (DSS ). 

 ERP Failures - We couldn’t conclude our brief guide to ERP without mentioning ERP failures. The failure of multi-million dollar ERP projects are reported now and then even after 20 many years of ERP implementation. We‘ve identified the four components in an ERP System - 1 ) ERP software, 2 ) Business Processes that ERP software supports, 3 ) Users of ERP systems, and 4 ) Hardware and Operating Systems that run ERP applications. The failures in some of these four components could cause the failure in an ERP project. 

 I think it's enough all about 5 Minute Guide to ERP. Thanks so much :)

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