Erp
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ERP is an enterprise resource planning software that integrates all business activities and processes within an organization. It addresses the major problems of duplication of data, time-consuming processes, and risk of not satisfying customers by standardizing financial, customer, operations, and human resource information. Implementing ERP provides benefits like a single source of integrated data, increased productivity, reduced costs, improved customer service and communication with suppliers, and an enhanced competitive position.
Erp
- 1. ERP – ENTERPRISE RESOURCE PLANNING BY: SAHADEV SINGH TOMAR Assistant Professor DIMS - MBA
- 2. What is ERP? • ERP is a business management software which is use to integrate all business activities in an organization.
- 3. Why we need it? Major Reasons for adopting ERP • Integrated financial information. • Integrated costumer information. • Standardize and speed up operations process. • Reduce Inventory. • Standardize Human Resource Information.
- 4. Traditional Business Process Customer Sales Inventory Production Finance Shop Floor Execution Supplier (Raw Material)
- 5. Major Problems • Risk of Duplication of data. • Time and money consuming process. • Due to timely process customer will not satisfy and not permanent for goods and services. • High Inventory and material cost.
- 6. Modern Business Process: ERP Inventory Finance HR Shop Floor Execution Production on Planning Sales Supplier (Raw Material)
- 7. Potential Benefits of ERP Internal Benefits: – Integration of Single Source of Data – Control over various business process – Eliminate duplication of data – Increase productivity, inventory management, promote quality. – Reduce operating cost and improve internal communication. – Reduce material cost by inventory planning.
- 8. Potential Benefits of ERP External Benefits: – Improved customer service and order fulfillment. – Improved communication with suppliers and Customer. – Improve Customer Service. – Enhance competitive position and increased sales and profits. – Effective HRM.