Erp Implementation

ERP Resource Planning

What Is ERP Resource Planning?

ERP Resource Planning

Resource planning- ERP is an integrated suite of software which connects the business units of an organization. ERP system software centralizes departmental information for reporting and decision making. Small and large companies use ERP to improve the transparency of business operations and make more informed decisions on a real time basis.

Enterprise resource planning is popularly known as ERP. It is a term for a multiple component application software package designed to support and serve various business functions. Different software is included in an ERP system for order entry, human resources, manufacturing, accounts payable and receivable, warehousing, purchasing and transportation. The different components or modules of the ERP may be able to interface with the enterprises in-house software with different degrees of effort. The ERP components may be changed through proprietary tools supplied by the vendor or proprietary programming languages.

ERP Resource Planning

Different components of ERP resource planning:

Some of the popular modules or components of the Enterprise resource planning are supply chain management, value chain management, customer relationship management and demand chain management. These modules may come as part of vendor solutions or may be integrated at a later stage. Most of these solutions are designed to accommodate scalability. Benefits of the enterprise resource planning ERP:

(i) The ERP system enables different departments to extract information for decision making purposes that would otherwise be subject to considerable lag.

(ii) The ERP software helps companies to standardize their business processes and implement best practices.

(iii) The ERP software brings companies closer to vendors and their customers.

In today's competitive environment, erp resource planning can increase the productivity of a company and save on costs. The timely extraction of data allows companies to make pertinent decisions about the movements of capital, labor, inventory, logistics and distribution.

Enterprise resource planning erp system vendors. There are many ERP vendors, but the top 5 ERP vendors are: Oracle Corporation, SAP, Baan International, JD Edwards and company and Peoplesoft Inc. The top five ERP vendors constitute 64% of the total Enterprise Resource Planning market revenue. They also play a very important role in shaping the environment for new products to cater to the ERP market.

The Future of the resource planning (ERP):

Enterprise resource planning is set to continue as companies become increasingly integrated, globalized and connected through internet infrastructure. Whether you're a large or small company, the benefits of ERP to the decision making process guarantee that companies will consider erp solutions to improve productivity and increase the bottom line.

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