Application Of Enterprise Resource Planning

It adds value to the business i.e. it enhances the business operations which would inturn have a positive impact on the business

It is useful when addressing problems for which no organization is fully in charge. It focuses on maintaining effective relationship between the organizations involved, buyers and sellers.

To have a record of how the business is running. This allows us to determine how the business is sitting financially and display what money is going where and whether there is room for improvement. Basically, it is used to anaylse the business as a whole and to determine performance for both employees and for the organisation.

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 is a term derived from material resource planning. ERP systems typically handle the manufacturing, logistics, distribution, inventory, shipping, invoicing, and accounting for a company. Enterprise Resource Planning or ERP software can aid in the contro of many business activities, like sales, delivery, billing, production, inventory management, and human resources management.

Enterprise Resource Planning (ERP) system is a software package or one integrated system that is designed to institutionalize the collection and sharing of organizational data resources (Klaus et al., 2000; Mabert et al., 2003; Wang et al., 2008). Since this kind of systems allows inputting and outputting information and the information could be shared across the whole organization in time, companies all over the world are now utilizing the ERP systems to improve operational efficiency (Davenport, 1998; Klaus et al., 2000).

In this world with a high level of competition at the top, companies have turned to ERP to gain a competitive advantage over rivals. ERP systems are an instrument used to “build strong capabilities, improve performance, undertake better decision making and achieve competitive advantage” (Keong, Ramayah, Kurnia and Chiun, 2012) (Al-Mashari and Al-Mudimigh, 2003) (2 and 3)

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.

Enterprise Resource Planning is a system packaged business software system that allows an organisation to automate and integrate the majority of its business processes, share common data and practices across the entire organisation and produces and access information in a real time environment.

The Enterprise resource planning system has become more popular in business management system and although provide great benefits to large organisations. However, implementation of an ERP has not been successful in all organizations. Since with the implementation of an ERP it certainly have a great effect on the entire organizations such as process, peoples are culture. There are certain numbers of challenges that the companies faced through an ERP implementation. Although many universities and business organization has started using an ERP system to overcome the problems arising with disparate system in order to improve the management and administration .ERP is generally a software which is helpful in integrating various functions of business and data in a single system which is to be shared among all peoples working in an organizations. For instance, ERP has now started expanding its scope worldwide in1990’s to perform various other functions such as human resource, finance and production planning process.(vandacle2011).However now ERP has started incorporating various organisations to build consumer relationship to become more competitive in business world. ERP helps in increasing operating efficiency of the firm (Beheshti, 2006) .ERP helps in sharing the same information in a single system because all data are entered in a single system and are communicated within the entire organizations and a as result cooperation and interaction of peoples

Microsoft Dynamics line of products for enterprise resource planning focused primarily on medium-sized businesses with a simple corporate structure and production system of various complexities. Microsoft Dynamics ERP provides tools for managing the organization (supply chain, procurement and personnel management, finance, project collaboration, and others). The line of products includes the four primary products: Microsoft Dynamics AX, Microsoft Dynamics GP, Microsoft

This system is also known as an enterprise system, which is an integrated software module and a common central database for collecting data. The ERP can collect data from many divisions of a firm or public sector and make internal activities available for use in nearly all the firms or offices. Once the system has processed the data, all of the information is immediately available throughout the entire network. This makes it an ideal system for finance/accounting, HR, manufacturing/production, sales, and marketing departments. However, most public sectors are going to use a system like this for their finance/accounting departments. This will however make the information available to all other departments in the system. In order to implement an ERP system, you need to select the functions of the system you want integrated, and then match those businesses process to the software processes. Now, this may change some of the current businesses processes, so one would need to be prepared for changes and alternate ways of performing tasks. This includes the training of current employees to understand and be able to

Enterprise Resource Planning is a product application that can incorporate organizations and compose every one of their operations, money related, inventory network and manufacturing. We truly can 't explain ERP without mentioning the innovation application in it. Major planning, in depth explanation of the materials required with a detail resource planning followed by the execution of the process. Reporting tools and analyzing the data is a very core part of the system.

It results in higher organisational performance. It requires that managers examine and adapt to business environment changes. It coordinates diverse organisational units, helping them focus on organisational goals. It is very much involved in the managerial decision-making process.

It is useful when a change is made to a process or system to ensure that it is implemented effectively into the business. It assists