Marcus ERP Synopsis

Punjab College of Technical Education
Enterprise Resource Planning (BTES 501-18)

Synopsis
Topic: Oracle ERP

Name: Marcus ND Kumeh Jr.
Email: kumehmarcusjr@gmail.com
Table of content
 Introduction
 Oracle as an ERP
 Modules of Oracle ERP
 How do ERP system work?
 Benefits of ERP
 Limitations
 Future scope of ERP
 Conclusion
 Reference links
1. Introduction
What is ERP?
Enterprise resource planning (ERP) refers to a type of software that
organizations use to manage day-to-day business activities such
as accounting, procurement, project management, risk management and
compliance, and supply chain operations. A complete ERP suite also
includes enterprise performance management, software that helps plan,
budget, predict, and report on an organization’s financial results.
What is Oracle in ERP?

Oracle ERP (Enterprise Resource Planning) Cloud is an cloud based end-to-end
Software as a service (SaaS) suite that manages enterprise functions including
accounting, financial management, project management, and procurement.
Oracle Cloud ERP software is the most advanced software available for
managing business processes in real time .
2. Oracle as an ERP
Oracle Fusion Cloud ERP is a complete, modern, cloud ERP suite that
provides your teams with advanced capabilities, such as AI to automate
the manual processes that slow them down, analytics to react to market
shifts in real time, and automatic updates to stay current and gain a
competitive advantage.
3. Modules of Oracle ERP
What are ERP modules?

ERP modules are simply the components, or business
capabilities/processes, of your ERP system.
o Financial management
The financial management module is the foundation of an ERP
system. By tracking accounts payable and accounts receivable,
plus helping to manage the general ledger, this module puts your
current financial picture and outlook into focus.
o Procurement
The procurement module improves your ability to purchase the

products or materials you need to make or sell goods.
o Risk management
A risk management and compliance module use artificial

intelligence (AI) and machine learning to enhance financial
controls, enabling finance teams to prevent cash leaks, enforce
audits, and protect against emerging risks—all while saving hours
of manual work.
o Supply chain management
Supply chain management (SCM) modules track how supplies and

goods move through your supply chain: from suppliers and sub-
suppliers to manufacturers all the way to distributors and retailers
or consumers.
o Enterprise performance management
Enterprise performance management (EPM) modules enhance the

processes that help your business plan, budget, forecast, and
report on performance.
o Manufacturing process
With a manufacturing module, it’s easier for your business to plan

and manage production runs.
o Customer relationship management
Customer relationship management (CRM) modules help you

manage customers by improving sales and marketing processes,
especially those supporting sales leads.
o Human resources
A human capital management (HCM) module—sometimes

referred to as human resources management (HRM)—contains
detailed records on all employees, including performance reviews,
job descriptions, benefits selections, and attendance/time off.
o Project management
This module improves project management with shared

visualization tools that help to track schedules, budgets, and
resources.
o ERP analytics
An ERP analytics module helps finance, procurement, and project
management professionals understand the factors that drive
profitability, improve the use of working capital, and control business
expenditures.
4. How do ERP system work?
An ERP system – also called an ERP suite – is made up of integrated

modules or business applications that talk to each other and share
common a database.
Each ERP module typically focuses on one business area, but they work
together using the same data to meet the company’s needs. Finance,
accounting, human resources, sales, procurement, logistics, and supply
chain are popular starting points. Companies can pick and choose the
module they want and can add on and scale as needed.
ERP systems also support industry-specific requirements, either as part

of the system’s core functionality or through application extensions that
seamlessly integrate with the suite.
5. Benefits of ERP
 Enhanced Business Reporting:

 Better reporting tools with real-time information
 A single source of truth – one integrated database for
all business processes
 Better customer service:
 Better access to customer information
 Faster response times
 Improved on-time delivery
 Improved order accuracy
 Improved Inventory Costs:
 Only carry as much inventory as needed, avoid these
common issues
 Too much inventory, and higher
overhead costs
 Too little inventory, and longer customer
fulfillment times
 Boosted Cash Flow:
 Better invoicing and better collections tools to bring
cash in faster
 Faster cash means more cash on-hand for the
business
 Cost Savings:
 Improved inventory planning
 Better procurement management
 Better customer service
 Improved vendor relationship management
 Better Data & Cloud Security:
 Dedicated security resources
 Avoid installing malicious software
 Data distributed across multiple servers
 Business Process Improvements:
 Automate manual or routine tasks
 Implement smarter workflows
 Gain efficiency
 Supply Chain Management:
 Effective demand forecasting and lean inventory
 Reduce production bottlenecks
6. Limitations
1. Costs of an ERP Software
 Third-party software add-ins
 Implementation costs
 Maintenance
 Initial and continuous training
2. Complex Data Conversion
 Developing a solid data conversion strategy can be
difficult
 You have to define, examine and analyze data sources
 Bad data conversion will cause delays and increased
costs
3. Requires thorough training
 Training needs to cover all of the ERP system’s
features.
 ERP training sessions need to be in line with business
processes
 IT users need to be trained for the technical aspects
of the ERP System
7. Future Scope of ERP
Increased Demand of ERP as Now:
As the time fleet, the new generation wants to focus more on starting
the startup as compared to working as an Employee due to this the
demand for ERP systems will rise.
Implementation of IoT in ERP:
As new technology arises, every ERP vendor will try to use new
technology in order to become top in the market as well as meets the
user requirement.
8. Conclusion
The role of robust, no-code, intelligent test automation platforms cannot

be underestimated in Oracle ERP Cloud implementation. Enterprises
need the power of AI to ensure real-time release and update alignment
and enable multi-cloud integrated end-to-end automation across all
enterprise apps and technology stacks.
Reusable assets that relate to the Oracle application flow, no-code

handling of Oracle objects like embedded iFrames, trees, etc., codeless
approach to validation logic for dynamic objects, and self-healing — all
these capabilities contribute immensely to accelerating testing velocity
and driving foolproof implementations.
9.Reference links
o https://www.accelq.com/blog/oracle-erp-cloud-implementation/
#:~:text=End%20to%20End%20of%20Oracle%20ERP%20Cloud
%20Implementation,-Posted%20On%3A%2031&text=Cloud
%20ERP%20systems%20offer%20faster,them%20transform
%20their%20operational%20outcomes.
 https://www.geeksforgeeks.org/future-of-enterprise-
resource-planningerp/
 https://terillium.com/benefits-of-erp/
 https://www.sap.com/products/erp/what-is-
erp.html#:~:text=An%20ERP%20system%20–%20also
%20called,to%20meet%20the%20company%27s%20needs.
 https://nexinfo.com/resources/blog/what-is-oracle-erp/
 https://www.oracle.com/in/erp/what-is-erp/

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Punjab College of Technical Education

Enterprise Resource Planning (BTES 501-18)

Topic: Oracle ERP

What is Oracle in ERP?

3. Modules of Oracle ERP

What are ERP modules?

The procurement module improves your ability to purchase the

A risk management and compliance module use artificial

o Supply chain management

Supply chain management (SCM) modules track how supplies and

o Enterprise performance management

Enterprise performance management (EPM) modules enhance the

With a manufacturing module, it’s easier for your business to plan

o Customer relationship management

Customer relationship management (CRM) modules help you

A human capital management (HCM) module—sometimes

This module improves project management with shared

4. How do ERP system work?

An ERP system – also called an ERP suite – is made up of integrated

ERP systems also support industry-specific requirements, either as part

 Enhanced Business Reporting:

7. Future Scope of ERP

Increased Demand of ERP as Now:

Implementation of IoT in ERP:

The role of robust, no-code, intelligent test automation platforms cannot

Reusable assets that relate to the Oracle application flow, no-code

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