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    Understanding ERP: For Faith Lumbers

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    vibesjay
    An ERP system allows a company to integrate data from various business processes like sales, purchasing, inventory, and accounting into a single database and software system. It provides a single source of truth for things like customer records, orders, inventory levels and financial data. This helps eliminate inefficiencies like duplicate data entry and improves processes like automatically ordering more inventory when stock levels drop. An example is provided showing how an ERP system streamlines ordering, purchasing, inventory and accounting functions compared to separate disconnected systems. ERP systems also integrate with other business functions and have expanded beyond their original focus. Major providers of ERP software include SAP, Oracle and Netsuite.

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    Understanding ERP: For Faith Lumbers

    Uploaded by

    vibesjay
    18 views8 pages
    An ERP system allows a company to integrate data from various business processes like sales, purchasing, inventory, and accounting into a single database and software system. It provides a single source of truth for things like customer records, orders, inventory levels and financial data. This helps eliminate inefficiencies like duplicate data entry and improves processes like automatically ordering more inventory when stock levels drop. An example is provided showing how an ERP system streamlines ordering, purchasing, inventory and accounting functions compared to separate disconnected systems. ERP systems also integrate with other business functions and have expanded beyond their original focus. Major providers of ERP software include SAP, Oracle and Netsuite.

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    Understanding ERP

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    Understanding ERP

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    An ERP system allows a company to integrate data from various business processes like sales, purchasing, inventory, and accounting into a single database and software system. It provides a single source of truth for things like customer records, orders, inventory levels and financial data. This helps eliminate inefficiencies like duplicate data entry and improves processes like automatically ordering more inventory when stock levels drop. An example is provided showing how an ERP system streamlines ordering, purchasing, inventory and accounting functions compared to separate disconnected systems. ERP systems also integrate with other business functions and have expanded beyond their original focus. Major providers of ERP software include SAP, Oracle and Netsuite.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    18 views8 pages

    Understanding ERP: For Faith Lumbers

    Uploaded by

    vibesjay
    An ERP system allows a company to integrate data from various business processes like sales, purchasing, inventory, and accounting into a single database and software system. It provides a single source of truth for things like customer records, orders, inventory levels and financial data. This helps eliminate inefficiencies like duplicate data entry and improves processes like automatically ordering more inventory when stock levels drop. An example is provided showing how an ERP system streamlines ordering, purchasing, inventory and accounting functions compared to separate disconnected systems. ERP systems also integrate with other business functions and have expanded beyond their original focus. Major providers of ERP software include SAP, Oracle and Netsuite.

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    Understanding ERP

    For Faith Lumbers

    Define ERP
    Enterprise resource planning (ERP) is
    a category of business-management
    softwaretypically a suite of
    integrated applicationsthat an
    organization can use to collect, store,
    manage and interpret data from
    many business activities, including:
    product planning, cost.
    manufacturing or service delivery.
    marketing and sales

    An ERP Example: Before ERP


    Sends report

    Sales Dept.

    Customer
    Demographic
    Files

    Orders
    Parts

    Customers

    Checks for Parts


    Calls back Not in stock
    We ordered the parts

    Accounting
    Files

    Accounting
    Sends report

    Sends report

    Invoices
    accounting

    Vendor
    Order is placed
    with Vendor
    Purchasing
    Files

    Purchasing

    Ships parts

    Warehouse

    We Need parts #XX

    We ordered the parts

    Inventory
    Files

    An ERP Example: After ERP


    Everything goes to central Database
    Orders
    Parts

    Sales Dept.

    Customers

    Inventory Data
    If no parts,
    order is placed
    through DB

    Accounting
    Financial Data exchange;
    Books invoice against PO

    Business Benefit:
    One single software
    Single

    Order is submitted
    to Purchasing.
    Purchasing record
    order in DB

    Source of

    Truth

    Database

    Books inventory
    against PO

    Order is placed
    with Vendor

    Warehouse

    Vendor

    Purchasing
    Ships parts
    And invoices accounting

    Modules in ERP

    Todays evolved Enterprise


    System
    Supplier
    Relationship
    Management
    (HCM)

    Customer
    Relationship
    Management
    (CRM)

    Supply Chain
    Management
    (SCM)

    ERP
    Business
    Intelligence (BI)

    Human Capital
    Management
    (HCM)

    Major ERP Software


    Companies
    SAP
    Oracle
    Netsuite

    Typical ERP Project

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