Enterprise Resource Planning ( Erp ) System

To be successful in today's competitive and continuous evolving information technology (IT) market companies must be able to utilise their skills, information and knowledge to the highest efficiency level possible. Utilisation of and control over these factors will aid companies in acquiring and maintaining competitive advantages over others operating in the same competitive IT market. The implementation of an Enterprise Resource Planning (ERP) system would be perfect to suit a

Enterprise systems, also known as ERP systems, are referred to as a category of information systems that integrate internal business processes, and which improve external collaboration with external business partners (Turban, Volonino, & Wood, 2013). This allows integration and collaboration to enable data sharing to keep workers informed and able to make better decisions, which all integrates the functional systems, such as finance, marketing, accounting, and

Today’s owners and management teams are faced with making tough decisions about how to manage operations in their organization. They need to be innovative to help reduce internal costs, improve processes, and increase efficiency across the organization (SelectHub, 2015). Thus, implementing an enterprise resource planning (ERP) system can provide many benefits to an organization. The benefits of using an enterprise system offer particular benefits, such as the support of teamwork, an improved response to the marketplace, increased work quality and greater employee collaboration and efficiency (SelectHub, 2015). Even though, ERP can provide many benefits, it also has pitfalls due to the complexity to implement, time consuming, requiring

Today Enterprise Resource Planning (ERP) is extensively adopted by many organizations regardless of kind and size, mainly because it provides enterprise wide view of information across all their business operations and help organizations achieve consistency across all their functional departments. The potential benefits of ERP system implementation include improved coordination across functional areas, increased efficiency, reduced operational costs, rapid access to information for decision making, managerial control and support for strategic planning.

Enterprise Resource Planning (ERP) system is a software package or one integrated system that is designed to institutionalize the collection and sharing of organizational data resources (Klaus et al., 2000; Mabert et al., 2003; Wang et al., 2008). 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).

Enterprise resource planning (ERP): This is a business process administration programming that permits an association to utilize an arrangement of coordinated applications to deal with the business and computerize numerous back office capacities identified with innovation.

ERP has the ability to modernize distinctive organizational processes and flow of one task to another. Likewise it has the ability to readily interconnect information across various departments. To add on, ERP increases the satisfaction rate of customers thereby providing excellent customer service. Moreover, ERP enables the management to readily available to the real time information in order to make the appropriate decisions. ERP improves efficiency, performance and productivity levels of all the business operations too. The organizations can track and perform better future forecasting with the help of ERP.

ERP stands for Enterprise Resource Planning. ERP is a word applied to integrated software systems mainly used to manage organizational resources that are both internal and external. These resources may include the tangible and intangible ones. An ERP makes a business to benefit from integrated business operations, which is a strategy for combining the daily undertaking of various departments in a business. Also the system can adapt to the growth of the organization, this means that the system can cope with an increase in the functions of a business. Also, the organization benefits from the absence of data redundancy due to the presence of one database. Where FoxMeyer implements an ERP Drugs ' system, then it will enjoys low cost of

Introduction: Enterprise resource planning is a business process management tool to help business manage and automate many back office functions related to technology, services, accounting, supply chain, inventory, projects and human resources [1]. It is a system which integrates product planning, development, manufacturing, sales and marketing [1].

For the past 20+ years, most enterprises have expended enormous resources to build bulletproof operating systems that enable them to more efficiently plan, build, account for, deliver, sell and service their product and service offerings. The first three generations of enterprise systems were focused on generating cost savings through process efficiency and spoke the business language of: CEOs, CFOs, and COOs. Enterprise Resource Planning (ERP) concentrates on making products or delivering services more efficient, thus reducing overall Costs of Goods Sold (COGS). Today’s business applications focus on reducing enterprise costs such as: MRO (Maintenance, Repair, and Operation) with vendors like: ADT, Oracle, IBM Maximo, IFS, and Oniqua leading the vendor landscape. Customer Relationship Management (CRM) focuses on reducing the costs of marketing, selling and supporting these products, thus

And it is the tool that facilitates the business not only to nourish its operation but also flourish its profits and growth (Zhua et al., 2010). Additionally Kumar & Hillegersberg (2000, p. 22) has defined ERP systems as “configurable information systems packages that integrate information and information-based processes within- and cross-functional areas in an organization”.

The ERP was invented between the 1960s and 1990s. It gives the opportunity for supplier and manufacturing companies to keep updated records of customers. So they can hold sufficient inventory of products satisfying the customer demand (Polychronopoulos, 2005).

It provides solutions for financials, human resource, manufacturing, logistics, distribution, and others. All business processes and units are performed in one system and this allows sharing one common information with all users.

ERP systems allow for integration between business organizations to be accomplished effectively and without making mistakes. Because of this, a productive ERP system needs the different features of businesses to be connected with one another. As stated above, there are many sections of an ERP System. The manufacturing sector includes the resource and material planning, engineering, bills of material, and the quality of the information being transferred. The Finance area of ERP can help Accounts Receivables, Accounts Payables, and managing the cash as it comes in and leaves the organization. The human resources area of an ERP System takes care of the employment, advantages of employees, payroll, and the labor rules. The supply chain management looks over the

The concept of ERP was initially applied to reduce the inventory costs and was mainly used in manufacturing industry. The inventory levels were monitored and real time updates were done and status reports were done. During 1970’s MRP (Material Requirements Planning) was majorly used to schedule the production and understand the requirement of materials; later during 1980’s the scope of MRP expanded to MRP-II (Manufacturing Resource Planning) where it moved beyond material handling and inventory control and extended itself to entire manufacturing operations like Human resources, asset management etc.