What-is-ERP
Introduction-
ERP stands- (Enterprise + Resource + Planning) functions are integrated into one system.
Enterprise : Large Organization.
Resource : Money, Manpower, Material, Machinery etc.
Planning : Effective Utilization and Optimization of Resources.
It’s software that manages a company’s financials, supply chain, operations, commerce, reporting, manufacturing, and human resource activities and helps an organisation to do effective utilization and optimization of all resources.
ERP systems typically cover all aspects of business operations and commonly provide:
- An integrated system
- Common database
- Real-time operation
- Support for all applications/components
- Common user interface across application/components
- On-premise, cloud hosted, or SaaS deployment
Basic Modules of ERP System
- Human Resource.
- Inventory.
- Sales & Marketing.
- Purchase.
- Finance & Accounting.
- Customer Relationship Management (CRM)
- Engineering/ Production.
- Supply Chain Management (SCM)
ERP Advantages
- There will be number of departments in organization. ERP integrate all the functions into one system. It will facilitate free flow of data among the departments.
- All modules are integrated with the ERP system’s central database so there is a single source of accurate data.
- It Provide the correct information on time to take the business decision.
- It Provide on time delivery and customers satisfaction.