Detail About ERP
ERP:
Enterprise Resource Planning (also known as ERP) is an effective approach that most businesses implement to enhance their productivity and performance. Before implementing this system, it is necessary that business owners and board members have an extensive look at the benefits and risks associated with the use of the ERP system.
Characterstics:
Advantage:
Some of the benefits from ERP are enhanced productivity and corporate financial performance, improved business forecasting as well as organized work flows.
Functional areas:
1.Financial accounting.
2.Managemnt accounting
3.Human Resource.
4.Manufacturing.
5.Project Management
6.Supply Chain Management(SCM).
7.Customer Relationship Management(CRM).
8.Data Services.
9. Access control.
Enterprise Resource Planning (also known as ERP) is an effective approach that most businesses implement to enhance their productivity and performance. Before implementing this system, it is necessary that business owners and board members have an extensive look at the benefits and risks associated with the use of the ERP system.
Characterstics:
- An integrated system that operates in real time (or next to real time), without relying on periodic updates.
- A common database, which supports all applications.
- A consistent look and feel throughout each module.
- Installation of the system without elaborate application/data integration by the Information Technology (IT) department.
Advantage:
Some of the benefits from ERP are enhanced productivity and corporate financial performance, improved business forecasting as well as organized work flows.
Functional areas:
1.Financial accounting.
2.Managemnt accounting
3.Human Resource.
4.Manufacturing.
5.Project Management
6.Supply Chain Management(SCM).
7.Customer Relationship Management(CRM).
8.Data Services.
9. Access control.
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