Enterprise Resource Planning ( Erp )

Kumar, P. (2010). Successful implementation of ERP in a large organization International journal of engineering science and technology. Vol. 2(7), 3218-3224. Retrieved from http://www.ijest.info/docs/IJEST10-02-07-151.pdf

In general, ERP systems are designed to standardize information entry and create data storage for information sharing across the organization. There are numerous advantages of ERP but skeptics argued on the fact that these advantages can be also achieved by simplification and lean production methods. IT systems could be effective and reliable in the long run but at the same time there is an uncertainty about whether it will align with the concerned business process. For instance, the ERP system implemented at the Korey plant to replace MRP system failed. Though it met the requirements of individual unit and enabled employees with wide range of

ERP is an abbreviation of the word Enterprise Resource Planning; this is a software designed to offer assistance in business management. It a collection of integrated applications used by a company to collect, manage, store, and interpret business data sourced from different business activities carried out by our company. These business activities include data collected from service delivery or product planning. This software is designed to allow flexibility that helps in quick decision making and business management. ERP systems are integrated software packages, meaning they are built to cover all functions in a business setup (Gefen & Ragowsky, 2005).

ANSWER: ERP is known as Enterprise Resource Planning, plays an important role to bring together various departments in an organization by effective means of communication through automated software systems. The main function of ERP systems is to manage the flow of important data between various levels of management, thereby providing a clear insight to the performance and outputs of the organization. ERP is an effective tool of business solutions and provides detailed information to a problem occurring in the organizational structure. ERP is the most needed to follow the processes of a client irrespective of the level of completion and enhances a problem free working environment through its constant data flow. An ERP system gives access to various modules like human resources, manufacturing, sales, supply chain management, etc. The biggest advantage of using an ERP system is that it integrates all the small units of a system in to a central system for management that is of great use to the IT sectors. It is also considered as a secure system through which any transaction or process can be tracked with ease. The possibility of errors is minimal in ERP systems as most of the operations are automated and centralized. One can

Some businesses are apprehensive about the time and costs involved in implementing an ERP system. That’s understandable, as traditional ERP software can be inflexible and take a significant amount of resources to implement.

Enterprise resource planning (ERP) systems attempt to combine data and processes in organizations. The data is centralized as a single database. This database functions as a hub that stores, shares, and circulates data from within the different organizational units and business functions. ERP systems are one of the most adopted information technology (IT) solutions in organizations. Besides the possible cost savings, one of the main drivers for an ERP adoption would be the technical and operation integration of business functions to complement the information stream with the material flow of goods or services. In order for the management and employees to utilize the use of the competitive capabilities of ERP systems, they

The Enterprise resource planning system has become more popular in business management system and although provide great benefits to large organisations. However, implementation of an ERP has not been successful in all organizations. Since with the implementation of an ERP it certainly have a great effect on the entire organizations such as process, peoples are culture. There are certain numbers of challenges that the companies faced through an ERP implementation. Although many universities and business organization has started using an ERP system to overcome the problems arising with disparate system in order to improve the management and administration .ERP is generally a software which is helpful in integrating various functions of business and data in a single system which is to be shared among all peoples working in an organizations. For instance, ERP has now started expanding its scope worldwide in1990’s to perform various other functions such as human resource, finance and production planning process.(vandacle2011).However now ERP has started incorporating various organisations to build consumer relationship to become more competitive in business world. ERP helps in increasing operating efficiency of the firm (Beheshti, 2006) .ERP helps in sharing the same information in a single system because all data are entered in a single system and are communicated within the entire organizations and a as result cooperation and interaction of peoples

The review of literature focused on the definition of Enterprise Resource Planning, its benefits, its evolution and the critical success factors that must be put into consideration if implementation of ERP is to be successful. Enterprise resource planning (ERP) has been defined as a software suite that integrates back-office operations such as manufacturing, finance, accounting, sales, distribution and human resources in an enterprise and links these operations to the front-office and supply chains (Woo, 2007; Usman & Ahmad, 2012). ERP is described as a packaged software solution that seeks to integrate the complete range of business processes and functions in order

ERP ensures the fundamental of business applications to be automated and reduce the cost and complexity of the business models which leads to a successful business (She & Thuraisingham, 2007). According to Berchet and Habchi (2005), Davenport (1998), among the important modules for ERP system are marketing, sales and distribution, enterprise solution, production planning, quality management, assets accounting, materials management, cost control, human resources, project management, financials , and plant maintenance. It potentially allows company to manage business better with great benefits of improved process flow and decision

What is ERP? ERP stands for enterprise resource planning. The ERP is essentially an information system that can be used by all various functions of an organization in one system. Organization with ERP systems face the challenge of maintaining their current system or upgrade to a new ERP. The researchers have identified six factors that influence the decision to perform an upgrade to the ERP system. The first factor is the cost of the upgrade. It is a major factor since most organization’s on average will spend 80% of the initial cost of

ERP systems exist in order to maximize resources to produce high quality service or product, and to deliver value to the customer. Reducing cost, faster service to the customer, integrate different enterprise modules (accounting, HRM, logistics, sales, marketing) into one system, is what in the ideal world ERP would do. Instead of having all separate DB’s and applications, we can have them all integrated into one DB and one app, and have cross-functional transparency.

For the last two decades, Enterprise Resource Planning systems significantly attracted the industries’ attention. However, ERP implementations is considered one of the most difficult to implement difficult to maintain systems. Hence, there are some critical factors which impact the success or failure of ERP implementation. These factors do not only affect the process of ERP implementation but may also impact the business as whole and in some cases it will result

Enterprise Resource Planning is an enterprise-wide information system designed to coordinate all the resources, and information needed to complete business activities. It is a business management system that attempts to integrate multifarious functions of an organization. ERP serves as cross-functional enterprise backbone that integrates and automates many internal business processes and information system.1 It promises one database, one application, and a unified interface across the entire enterprise. The success of a functioning ERP depends on a suitable system that aligns with the business process of an

Abstract-ERP stands for Enterprise Resource Planning. ERP is a business concept for automation and planning. In today’s fast changing scenario ERP becomes one of the most demanding and successful concept in business world. Today the concept of ERP is being used by almost every segment of the business and industry worldwide. It is most sought after concept in management now. Basically it is a solution to all management processes and problems. It includes solutions for all the domains that can think of. It can be customized or better to say tailor made according to need and requirement. Like every other business and management solutions it has a history and life cycle. It is being successfully used by some major vendors worldwide and some local vendors too. It is well implemented by the organizations like SAP and Oracle. These IT giants capture a large share of market. But still the major portion is left and which is pointed out by small local ERP solution providers with their own version of ERP. Now capturing the unclaimed market is the new war. Even organizations like Microsoft and SAP are also offering their new version of ERP software for SME’s (Small Medium Enterprise).

The business world is characterized by heavy technology. Firms are relying on technology to handle numerous processes. It is for this reason that organizations are hunting for integrated systems that can combine all subsystems into a big one capable of sharing common database. Thus, enterprise resource planning (ERP) plays a great role here. The ERP system incorporates several information structures into one system. IT firms can have three main information systems namely manufacturing, human resource and finance. This software integrates data from these subsystems into a single one as well as enhancing data sharing. Any company intending to adopt the systems should consider whether or not it is increasing efficiency (McGaughey &