What is ERP?
An ERP system is a computer application consisting of multiple modules which is designed to support all activities of an organization like manufacturing, purchase, sales, marketing, supply chain, etc. It is a centralized approach and is used to manage various process of business using an integrated approach to manage the inflow and outflow of information. This centralized approach avoids data redundancy and duplication. An example of ERP to manage information system can be related to a purchase department, where the department can quickly adjust material orders while looking in to the information in the centralized database related to increase or decrease in the customers‘orders. ERP systems integrate all data and processes of an organization into a unified system. A typical ERP will use multiple components of computer software and hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules. Components of ERP
A typical ERP module includes
•Manufacturing, Supply Chain
•Customer Relationship Management (CRM)
• Warehouse Management
•Decision Support System
The front office solutions include Customer Relationship Management (CRM) systems that directly deal with customers, or e-business systems such as e-commerce, e-government, e- telecom, and e-finance. ERP modules are cross-functional and enterprise wide software solutions.
•Manufacturing Resource Planning (MRP) : Engineering, Bills of Material, Scheduling, Capacity, Workflow Management, Quality Control, Cost Management, Manufacturing Process, Manufacturing Projects, Manufacturing Flow •Finance resource Management (FRM) : General Ledger, Cash Management, Accounts Payable, Accounts Receivable, Fixed Assets •Supply Chain Management (SCM) : Inventory, Order Entry, Purchasing, Product Configuration, Supply Chain Planning,...