E.R.P

Enterprise Resource Planning

Executive Summary

Nowadays, when the industries are progressing very rapidly, there is an essential need for the management of the resources and the procedures of the industry efficiently on the daily basis. It has become immensely important which will help in the coordination of several services and activities taking place in an organization. Enterprise Resource Planning is the answer to all the problems of an organization. Enterprise Resource Planning realistically attempts to incorporate all the functions and departments working across an organization on a single computer system. It is an industrial term used for a wide range of activities which helps a business in the management of important aspects related to its business. Along with that Enterprise Resource Planning allows a business to clearly identify the key performance indicators which are essential for a business. Enterprise Resource Planning software's can be used for a wide range of purposes in a business which involves the planning of the product, purchasing of the parts, management of inventories, interaction with the suppliers, tracking of the orders, along with providing service to customers. In this paper we will first be introducing the Enterprise Resource Planning software systems, along with the reasons why companies need to implement such a system. After that we will be discussing the benefits that the company will gain after the implementation of the Enterprise Resource Planning software systems. Along with the benefits we will also be discussing some of the major disadvantages of Enterprise Resource Planning software systems, and the reasons of why organization resists the implementation of Enterprise Resource Planning.

Enterprise Resource Planning

Introduction

ERP is an acronym used for the term Enterprise Resource Planning; it is an ambitious term which realistically attempts to incorporate all the functions and departments working across an organization on a single computer system. It is an industrial term used for a wide range of activities which helps a business in the management of important aspects related to its business. The information that an ERP system provides to a business, allows a business to clearly identify the key performance indicators which are essential for a business. Enterprise Resource Planning software's can be used for a wide range of purposes in a business which involves the planning of the product, purchasing of the parts, management of inventories, interaction with the suppliers, tracking of the orders, along with providing service to customers. Along with that Enterprise Resource Planning software's could also be used in various applications modules of human resources management and management of financial aspects of a business (NAH, F. F.-H., pp.123-234, 2002). An Enterprise Resource Planning is usually integrated with a relational database system of an organization. An organization while the deployment of an Enterprise Resource Planning system has to consider a wide range of analysis for the business process such as; the retaining of the old employees, the training of the old employees regarding the new technology, along with the development of strategies regarding the new working procedures, which will guarantee efficient progress of ...