What is ERP? How to Implement ERP?

ERP system to integrate business management practices and modern technology to manage the majority of operations in a company.


 

ERP Evaluation Criteria


  • Functional Fit
  • Flexibility
  • Support
  • Continuity
  • Maturity


 

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An enterprise resource planning (ERP) system to integrate business management practices and modern technology to manage the majority of operations in a company.



ERP - Enterprise Resource Planning.

ERP is a software architecture that supports the streaming and
distribution of geographically scattered enterprise wide information across all the functional units of a business house

ERP - Enterprise Resource Planning Modules.

Financial
Accounts payable, accounts receivable, fixed assets, general ledger, journal, balance sheet, trial balance & billing

Human Resources
Employee Records, Recruitment, compensations, payroll, time and attendance, labour laws, gratuity process, termination process

Supply Chain Management
Inventory management, supplier scheduling, claim processing, sales order administration, Material issue, Material receive, procurement planning, transportation and distribution

Projects
project Costing, billing, activity management, time and expenses

Customer Relationship Management
Sales and marketing, customer service, customer contact and sales support

Asset Management
Tangible and intangible asset management, asset register, asset depreciation

Data Warehouse
Information storehouse that can be accessed by organizations, customers, suppliers and employees

 


Why ERP Implementation Fails?

 

  • Changes in the scope
  • Lack of Support
  • High expectations from ERP
  • Less ERP knowledge
  • Lack of IT knowledge
  • Changes in the management
  • Frequents changes in the requirements

 

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ERP Advantages & Disadvantages

                                                                                                                                                                          

Implementing ERP will provide many advantages to the organization.

 

  • Improve Productivity
  • improve efficiency
  • improve performance
  • Enhance reporting systems
  • Improve process

 

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