Enterprise Resource Planning

Adoption of an ERP system enables an organization to eliminate dozens or even hundreds of separate systems and replace them with a single, integrated set of applications for the entire enterprise.

Enterprise resource planning is a type of software. The main functionality of an ERP is to provide an end-to-end information management solution for a company. This software could be utilized by all departments inside the organization to deal with their data. The goal of enterprise resource planning software is to give right data to right individual and at perfect time.

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 resource planning enables firms to replace different departmental information systems and database silos with systems that collectively work as a single cross functional database. ERP systems are available for every key business function such as order processing, production control, HR, warehouse, marketing, finance and much more. By having a common technology and database platform throughout the firm, systems and processes from various departments can be integrated that achieve superiority in terms of enhanced cost, operational and productivity benefits. Implementing an ERP system requires careful planning to achieve the targeted benefits and minimize the risk of project failure.

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

Enterprise Resource Planning System (ERP), also referred to as the traditional management system, was generated from the MRP or the Material Requirement Systems. Companies have utilized this system for well over 25 years. In its primary set up, the MRP stores data related to inventory control and production planning. The system is widespread with the use of one its system with the largest market share, the SAP system is the primary base system for over 60 percent of multinational companies. Many companies have been influenced by ERP over the years, including both small and medium size businesses; it is the

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

"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.

In today 's competitive environment, organisations need to be reformed to get competitive advantages. The most efficient and effective way to achieve this goal is to introduce a new information system (IS). Chen et al (2012) One of the big systems is enterprise resources planning which is an application software which has a broad set of activities supported by many modules that integrates all business processes and data into a single system which helps businesses keep track and access to all their daily data. Jalal, a (2011)

Defined by Investopiedia.com,” Enterprise Resource Planning (ERP) is a process by which a company, usually a manufacturer, manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance, human resources, etc. (Investopedia).Today, Enterprise Resource Planning (ERP) systems are extremely important, especially towards the Manufacturing Business. Looking back at the history of manufacturing solutions, the industry began with Manufacturing Resource Planning (MRP) systems that, similar to ERP systems, were used for enhancement and basic

The first ERP systems were also designed and functioned as a scheduling and organization tool for manufacturing processes. As ERP evolved into a business solution that began to include other solutions other than specific tools used for manufacturing processes and from this the introduction of solutions that included suppliers and also customers. This evolution grew to include “all of the various processes that are essential to running a business, including inventory and order management, accounting, human

The Enterprise Resource Planning System is a cross-functional information system that represents an important development for Whirlpool and an important area of activity for the information management function. Instead of focusing on the information processing requirements of business functions, ERP software focuses on supporting the business processes involved in the operations of a business. The introduction of enterprise-wide computer networking makes it possible to control all major business processes within a single software design.

Enterprise resource planning is a balanced software solution which is used to manage a company’s resources. It includes various modules for the numerous departments in a company. These include HR, Marketing, Sales and Distribution, Material Management, Production Planning and Finance and Controlling. The ERP system provides transaction codes which perform predefined operations on the entered data set. A large number of different operations can be executed using the ERP transaction codes. Thus, this saves time spent in calculations and assimilation of data.

ERP, which is an abbreviation for Enterprise Resource Planning, is principally an integration of business management practices and modern technology. Information Technology (IT) integrates with the core business processes of a corporate house to streamline and accomplish specific business objectives. Consequently, ERP is an amalgamation of three most important components; Business Management Practices, Information Technology and Specific Business Objectives.

When we look at big name stores, you can assume that there are many systems compiling, interpreting and organizing several points of data at the same time. In an organization to communicate the information from one department to another department and then to manage the flow of information to the client, there are several helpful enterprise resource planning (ERP) systems implemented, which will help organization to help maintain their software systems.