What is ERP?
Enterprise resource planning (ERP) is business process management software that
allows an organization to use a system of integrated applications to manage the
business and automate many back office functions related to technology, services
and human resources.
ERP software integrates all facets of an operation, including product planning,
development, manufacturing, sales and marketing. ERP software is considered an enterprise
application as it is designed to be used by larger businesses and often requires
dedicated teams to customize and analyze the data and to handle upgrades and deployment.
In contrast, Small business ERP applications are lightweight business management
software solutions, customized for the business industry you work in.
A true Enterprise Resource Planning (ERP) system integrates both internal and external
information flows used by the organization within a single, comprehensive solution.
An ERP solution incorporates the practical systems used by organizations to manage
the basic commercial functions of their business, such as: planning, inventory/materials
management, purchasing, manufacturing, finance, accounting, human resources, marketing
and sales, services etc. The objective of the ERP solution is to drive the flow
of information between all internal business functions while managing connections,
or "touchpoints" to outside stakeholders.
Key Features of an ERP System
- Custom Development as per requirement
- Streamlining processes and workflows with a single
- Reduce redundant data entry and processes and
in other hand it shares informartioin across the department
- Establish uniform processes that are based on
recognized best business practices
- Improved workflow and efficiency
- Improved customer satisfaction based on improved
on-time delivery, increased quality
- shortened delivery times Reduced inventory costs
resulting from better planning
- tracking and forecasting of requirements Turn
collections faster based on better
- visibility into accounts and fewer billing and/or
delivery errors Decrease in vendor
- pricing by taking better advantage of quantity
breaks and tracking vendor performance
- Track actual costs of activities and perform activity
based costing Provide a consolidated
picture of sales, inventory and receivables
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