"Great things never come from comfort zone"           "Wealthy people invest first and spend what’s left and broke people spend first and invest what’s left"           "Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future"           "The secret to getting ahead is getting started.................Start using your Savings to Earn Money"           "The best gift, and investment, you can give your child is your time"           "Investing in your child’s education is never a wasted effort"           "Making money and handling money are both different things"





ERP stands- (Enterprise + Resource + Planning) functions are integrated into one system.

What is ERP
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

What is ERP
  • 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.


Dilnawaz SK on 1/1/2023 3:29:24 AM says:
Please Learn SAP FICO Online Training Course https://www.chanusk.in/best-sap-fico-s4hana-training-in-hyderabad
Dilnawaz SK on 1/1/2023 3:28:17 AM says:
This blog is very informative and helpful. The best explanation you have given regarding ERP is also great.

Leave a Reply

Name *
Comments *

© 2024 - EnSkyAR Financial Services