Enterprise resource planning (ERP) is the integrated management of main business processes.
ERP is usually referred to as a category of business management software, typically a suite of integrated applications, which an organization can use to collect, store, manage, and interpret data from many business activities.
ERP provides an integrated and continuously updated view of core business processes using common databases maintained by a database management system. ERP systems track business resources-cash, raw materials, production capacity-and the status of business commitments: orders, purchase orders, and payroll. The applications that make up the system share data across various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP facilitates information flow between all business functions and manages connections to outside stakeholders.
Any good ERP system is supposed to address, processes and activities related to 6 basic 'M's of business, namely:
ERP is not a magic wand to solve all of the Business problems. At the same time it is also not a mere tool automate business transactions processing requirements or to reduce the inventories.
Any excellent ERP brings in:
Average total implementation time required for any good ERP is approximately 18 months. There are many critical success factors, which dictate, how long a particular implementation will take.
Major reasons, as to why organizations should implement the ERP software are :
The most fundamental advantage of implementation of ERP is that the integration of a myriad of business processes saves time and expense. Management can make decisions faster and with fewer errors. Data becomes visible across the organization. Other advantages include :
Major benefits of implementation of ERP include :
We at ShriSoft, strongly believe that we are uniquely qualified to partner with any organizations for the following reasons: