Enterprise resource planning (ERP) systems consolidate an enterprise's planning, manufacturing, sales and marketing efforts into a single management system. ERP combines all departmental databases into a single database accessible by all employees. It provides integrated financial and customer order information to standardize and speed up operations, reduce inventory, and standardize human resource information. The benefits of ERP include a single source of integrated data, increased productivity and efficiency, reduced costs, and improved communication, customer service, and customer satisfaction. However, ERP implementations carry risks of being expensive, time-consuming, and challenging for knowledge transfer, acceptance, upgrades, education and training within a company.
Enterprise resource planning (ERP) systems consolidate an enterprise's planning, manufacturing, sales and marketing efforts into a single management system. ERP combines all departmental databases into a single database accessible by all employees. It provides integrated financial and customer order information to standardize and speed up operations, reduce inventory, and standardize human resource information. The benefits of ERP include a single source of integrated data, increased productivity and efficiency, reduced costs, and improved communication, customer service, and customer satisfaction. However, ERP implementations carry risks of being expensive, time-consuming, and challenging for knowledge transfer, acceptance, upgrades, education and training within a company.
Enterprise resource planning (ERP) systems consolidate an enterprise's planning, manufacturing, sales and marketing efforts into a single management system. ERP combines all departmental databases into a single database accessible by all employees. It provides integrated financial and customer order information to standardize and speed up operations, reduce inventory, and standardize human resource information. The benefits of ERP include a single source of integrated data, increased productivity and efficiency, reduced costs, and improved communication, customer service, and customer satisfaction. However, ERP implementations carry risks of being expensive, time-consuming, and challenging for knowledge transfer, acceptance, upgrades, education and training within a company.
- CA Ashish Rai What is ERP ? The practice of consolidating an enterprises planning, manufacturing, sales and marketing efforts into one management system. Combines all databases across departments into a single database than can accessed by all employees. Evolution of ERP Reasons for ERP Integrated Financial Information Integrated Customer Order Information Standardize and speed up operations process Reduce inventory Standardize Human resource Information Functions of ERP Benefits of ERP Integrated of a single source of data Common data definition A real-time system Increased Productivity & efficiency Reduced operating cost Improved internal communication Improved customer service and order fulfillment Customer Satisfaction Improved Customer goodwill Risk of ERP Implementations Expensive Time consuming Transfer of Knowledge Acceptance within the company System upgrades Education and training Thank You