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Erp and SAP: Assignment #1
Erp and SAP: Assignment #1
SAP
Assignment #1
I.D:
14555
Q) What is an ERP?
Enterprise resource planning (ERP) is business management software,
typically a group of integrated applications; that a company can use to
collect, store, manage and interpret data from many business activities,
including: Product planning, cost Manufacturing or service delivery
Marketing and sale Inventory management Shipping and payment.
ERP systems track business resources; cash, raw materials, production
capacity; and the status of business commitments: orders, purchase orders,
and payroll. ERP facilitates information flow between all business functions,
and manages connections to outside stakeholders.
Q) What is SAP?
Q) ERP in an Organization?
Enterprise Resource Planning (ERP) is the latest high end software solution,
Information Technology has lent to the world of business application. An ERP
software solution seeks to streamline and integrate operations, processes
and information flows in an enterprise, to synergize the resources of an
organization namely men, material, money and machine.
Disadvantages:
One of the common problems which ERP implemented companies now face
are the inadequate funding required in providing training for using the ERP.
Other than these, some of its disadvantages are discussed here:
1. The customizations options available in the ERP software are limited.
2. ERP systems are expensive.
3. After implementation, migration of the system might become
expensive.
4. Sensitive information regarding a company cant be shared efficiently
with ERP.