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    Enterprise Resource Planning (ERP)

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    Ankita Borade
    Enterprise Resource Planning (ERP) is a software package that integrates core business processes like finance, manufacturing, logistics and human resources across an entire organization. It provides a single solution to manage data for the whole enterprise through a centralized database. ERP systems offer benefits like increased efficiency, reduced costs and improved decision making through real-time access to integrated information. Successful implementation of ERP requires significant commitment from the organization and may involve reengineering of business processes.

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    Enterprise Resource Planning (ERP)

    Uploaded by

    Ankita Borade
    48 views15 pages
    Enterprise Resource Planning (ERP) is a software package that integrates core business processes like finance, manufacturing, logistics and human resources across an entire organization. It provides a single solution to manage data for the whole enterprise through a centralized database. ERP systems offer benefits like increased efficiency, reduced costs and improved decision making through real-time access to integrated information. Successful implementation of ERP requires significant commitment from the organization and may involve reengineering of business processes.

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    Enterprise Resource Planning (ERP) is a software package that integrates core business processes like finance, manufacturing, logistics and human resources across an entire organization. It provides a single solution to manage data for the whole enterprise through a centralized database. ERP systems offer benefits like increased efficiency, reduced costs and improved decision making through real-time access to integrated information. Successful implementation of ERP requires significant commitment from the organization and may involve reengineering of business processes.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    48 views15 pages

    Enterprise Resource Planning (ERP)

    Uploaded by

    Ankita Borade
    Enterprise Resource Planning (ERP) is a software package that integrates core business processes like finance, manufacturing, logistics and human resources across an entire organization. It provides a single solution to manage data for the whole enterprise through a centralized database. ERP systems offer benefits like increased efficiency, reduced costs and improved decision making through real-time access to integrated information. Successful implementation of ERP requires significant commitment from the organization and may involve reengineering of business processes.

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    Enterprise Resource Planning (ERP)

    A software package developed for optimum use of resources of an enterprise in a planned manner Integrates the entire enterprise starting

    From the supplier to the customer Covering logistics, financial and human resources

    A package for cost saving A single solution addressing the information needs of the whole organization

    ERP- Features

    A central data base Accommodating Variety

    Provides multi-lingual and multi-currency, multi mode manufacturing and multi- facility capabilities to compete and succeed globally
    Used for Flexible reporting tools to extract information as and when needed without depending on MIS department For Electronic data interchange to accept information like Purchase Orders, Schedule amendments, cash payments, order acknowledgements, raising invoices etc.

    Integrated Management Information

    ERP- Features

    For Imaging to provide the ability to display drawings , specifications, store original sale orders, Purchase Orders, quotation etc. For Database creation starting with attendance reporting, monitoring and control of machines and post sale statistics Integration of new product introductions or changes to existing products fully into the enterprise system of Engineering Change Management, to include electronic approval, routing, change order process routing, revisionlevel control etc.

    Seamless Integration

    ERP- Features

    Supply Chain Management Resource Management

    Effective management of human as well as equipment resources Heart of any ERP system providing for data for employees, suppliers and customers

    Integrated data model

    ERP- Scope

    Financial

    Financial accounting, treasury management, asset management and enterprise control Production Planning, Material management, Plant maintenance, Quality management, Project management & Distribution

    Logistics

    management

    Human Resources training and development and skills inventory Work Flow: Integrates the entire organization with flexible assignment of tasks and responsibilities to location, positions, jobs, groups or individuals

    Enterprise Resource Planning (contd.)

    ERP integrates enterprise-wide activities:


    Marketing Accounting Production Logistics Product Design Order processing Finance Materials Human Resource Quality
    8

    Requirements of ERP

    People in the organization have to be prepared. Skills, methods and attitudes of people are important.

    Organization has to introspect and constantly


    improve with ERP as an enabler.

    Transparency and honesty of data are important.

    ERP- Benefits

    Some of the Tangible benefits


    Reduction of lead time (up to 60%) On- time shipments Excellence in business Increase in inventory turn over to over 30% Reduction of cycle time to 80% Reduction of W-I-P inventory to 70%

    ERP- Benefits

    Some Intangible benefits


    Better customer satisfaction Improved vendor performance Reduced quality costs Improved resource utilisation Improved information accuracy Improved decision- making capacity Integration of work-flow in the entire enterprise Transparency of decisions and Introspection

    ERP

    Application

    Large number of organization nationally and internationally have implemented already/ in the process of implementing

    Selection of ERP package


    Cost of package from few lakhs to a few crores Needs of the company to be fully understood before ordering a package Implementation period varies from 12-24 months Building of right platform, right software vendor selection and right consultant for implementation essential to get the right ERP package

    ERP

    Major vendors are SAP, Oracle applications and Baan Others in the field include JD Edwards, People Soft, Scala, Ramco Marshal, QAD etc A very high commitment absolutely essential for a successful implementation of ERP

    Limitations

    Personnel Turnover Re-engineering in business processes Expensive Sometimes it is too rigid and difficult to adapt. Less flexibility in implementation.

    ERP

    Enterprise Resource Planning is used world wide by companies to integrate business resources and thereby reduce costs and increase productivity ERP provides a total solution on an integrated system providing information needs of the entire enterprise Careful selection of the ERP package is extremely important to suit the specific business needs of the enterprise as it involves huge expenditure

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