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ERP stands for "Enterprise Resource Planning" and refers to software and systems used to plan and manage all the core supply chain, manufacturing, services, financial and other processes of an organization.
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Enterprise Resources Planning By- Johnson 2366210006 B.COM CAV III year
ERP- Definition • ERP stands for "Enterprise Resource Planning" and refers to software and systems used to plan and manage all the core supply chain, manufacturing, services, financial and other processes of an organization. • Set of integrated business application, or modules which carry out common business function such general ledger, accounting, or order management.
What is ERP ? • ERP system is a an attempt to integrate all functions across a company to a single computer system that can serve all those functions specific needs • Support business through optimizing, maintaining and tracking business functions. • For product planning , parts purchasing inventory and product distribution to order tracking.
Traditional business process finance inventory Shop execution production sale customer Supplier (raw material)
Component of ERP! Manufacturing Supply chain management ERP Project management Human resource Customer relationship management Finance\accounting
Business integration • Improves customers service and order fulfillment. • Improved communication between suppliers and customers • One common system- less duplication, more efficient • Reduce inventory • Saves enormous time in effort and data entry • Improved business performance
Reasons for growth of erp • Good inventory control • Produce the products faster • New product development • Support multiple languages and currencies • Vertical market solution • Client servers • Competition impact • Training • Mobility and flexibility • Standardize HR information