The Key Characteristics Of Enterprise Resource Planning

Rainforest started 10 years ago in a small warehouse staffing five employees, creating specialty widgets for its clients. Dedication to delivering the best possible experience for its customers has allowed Rainforest to grow substantially with retail outlets in 22 different states within the U.S. The recent acquisition of XYZ widgets, an online widget retailer, has poised Rainforest to expand into a global market. The acquisition and consolidation of two software of two software systems, including the expansion into a global market will present a challenge to the leadership of Rainforest, but these challenges can be handled in an effective and efficient manner using an ERP (Enterprise Resource Planning) system.

ERP packages are heavily used by larger retail chains. Designed to facilitate the administration and optimization of internal business processes across an enterprise, ERP packages have become the competitive tool for most large retail organizations. ERP software uses a single database that allows the different departments to communicate with each other through information sharing. ERP systems comprise function-specific components that are designed to interact with the other modules such as the Order Entry, Accounts Payable, Accounts Receivable, Purchasing, Distribution etc.

Enterprise Resource Planning systems are integrated software applications that assimilate internal and external information that is required to manage an organization efficiently and effectively. The system encompasses finance, accounting, manufacturing, sales, service, and customer relationship management and automates these activities with a unified software system. The main purpose of an ERP system is to facilitate the flow of information between all business functions within an organization. ERP systems also aim to simplify the sales process by automating the entry requirements and making it easier for different business functions to access the

The following report is project analysis study for a typical Enterprise Resource Planning (ERP) project. With the ever-growing dependency of firms on technology, ERP has been one of the most widely used strategic tools across firms of all sizes and stature. In which regard, implementing ERP successfully has been one of the most common project management issues in the present context. ERP implementation usually involves high degree of cost and resources to any organization. It also takes a lot of time to successfully integrate the firm’s business model with the ERP functions. Therefore, most ERP implementations are project based and are spanned across a certain timeframe and include separate interdependent activities like

Organizational change is one of the most difficult strategies to implement. Organizational change is a broad change in regard to the organization as a whole, as opposed to smaller changes within an organization, such as adding a new person or adapting a new program. An example of organizational change might include a change in operation, restructuring operations, teams, layoffs, new technologies, collaborations, rightsizing, or even new programs. Some specialists submit to organizational alterations. Frequently this phase authorizes an essential and thorough reorientation in the way an organization operates. According to the textbook, “introducing a new enterprise resource planning system in order to coordinate and standardize

"Enterprise Resource Planning is an integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ERP modules may be able to interface with an organization's own software with varying degrees of effort, and, depending on the software, ERP modules may be alterable via the vendor's proprietary tools as well as proprietary or standard programming languages" (pcmag.com). After researching companies who offer ERP solutions, I have decided to cover the following; SAP, IBM, AMS, and Oracle.

Assessing the Functional and Technical Architecture of Enterprise Resource Planning (ERP) Systems In Higher Education

The purpose of this paper is to identify different aspects of Domain-based Enterprise Systems, such as ES in finance, supply chain, healthcare,accounting, customer-relationship management, knowledge management, and outsourcing. The main focus of this paper is on Enterprise systems in Supply chain., How these tools is to make the best possible use of all resources of the business to give company a competitive edge, Evolution of Supply chain Management from traditional methodologies to ERP implementation Supply Chain Management , Major movements like creation, integration and globalization which can be observed in enterprise system. Implementation issues of ERP in Supply Chain Management such as Willingness to Share information, Team Work,, Leadership. Components of Supply chain

Other common names used are: Enterprise Information Systems (EIS), Enterprise Wide Systems (EWS) or Enterprise Systems (ES). Enterprise systems are “commercial software packages that enable the integration of transaction oriented data and business process throughout an organization”. (Markus M, 2000) Typically, ERP (enterprise resource planning) systems are software packages composed of several modules, such as sales & distribution, finance and production, human capital management, provide cross-organization integration of transaction based data throughout embedded business processes. These software packages can be modified for the specific requirements of each organization up to certain limits.

Enterprise Resource Planning (ERP) system, as a software package or one integrated system, is designed to standardize the collection of organizational data resources and to permit these resources can be shared throughout the company, which finally support the management of companies (Klaus et al., 2000; Mabert et al., 2003; Wang et al., 2008; Ifinedo, P., 2011). Since this kind of systems allows inputting and outputting information and the information could be shared across the whole organization in time, companies all over the world are now utilizing the ERP systems to improve operational efficiency (Davenport, 1998; Klaus et al., 2000).

It can be said that the vulnerability of the economy across the globe has made most consumers and customers very unwilling to pay more even for high-quality products and services. This general feeling coupled with competition among various organizations has compelled them (organizations) to develop strategies that would enable them reduce costs so as to offer consumers competitive prices, while improving efficiency, performance, and quality. As a way of enhancing organizational performance, most contemporary organizations are relying on technology, such as the enterprise resource planning (ERP) systems. Basically, the ERP is intended to streamline and integrate the operations of various departments or units within an organization into a

Enterprise Resource Planning is one of the biggest breakthroughs in the field of information technology and business. Integration of business processes through usage of centralized connected information systems gave the impression of solving the most crucial of all the business problems. They were deemed to assist the management in taking crucial decisions related to the sustainable future of the organization. At the same time, it was also expected that this system would result in elimination of human errors of omission and commission completely from the business environment. However, the corporate world saw a completely different picture of the things in the past few years. There were a number

Enterprise Resource Planning refers to an integration approach for a business. “Employee Resource Planning (ERP) is an integrated automated application which helps the organization to maintain all the micro, tough, difficult business transaction at one common location” (Wanare & Mudiraj, 2004). It was first defined by the Gartner Group in 1990 and has been widely used as the next generation of Manufacturing Business System and also as a Manufacturing Resource Planning software (Gartner Group). It relates to a system which is integrated, configurable, as well as tailorable for information flow where all plans and business resources are planned and managed (Bakry & Bakry, 2005).

Some years ago, there had been a situation in the market that every Business Company or organization had faced the problem of sharing their data within their different trades of the company. And also the problem of integrating all the information into one base structure, which created a burning problem affecting the efficiencies of the organizations. Every organization was waiting to have an organized system which could save all their work and collaborate all the information and communicate among themselves. It was a situation of having a desperate need of new build system, which would improve their process. The complications aroused in every single business process i.e. from the start to end point of developing and delivering

Due to dramatic changes in organisational management, technology plays an important role in today business environment. According to Groomer & Murthy (1989) incorporation of information technology solutions are becoming increasingly important for all businesses in order to operate successfully. One way that many businesses have implemented information technology on a large scale (Groomer & Murthy, 1989) is by setting up Enterprise Resource Planning (ERP) systems to achieve their business transaction and data processing needs. According to the business need, selecting the appropriate information system such as Enterprise resource planning (ERP) will be appropriate and suitable because it improves efficiency. However it should be borne in mind that every business has its own dimension; therefore, there is the dire need of appropriate selection and need based customizations (Kleiner et al., 1999).