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 back office
functions. ERP software integrates all facets of an operation, including
product planning, development, manufacturing processes, sales and marketing.
ERP software
consists of multiple enterprise software modules that are individually
purchased based on specific needs and technical capabilities. A business can
use ERP software to manage back office activities and tasks such as
distribution process management, supply chain management, knowledge based
services, accuracy of financial data, project planning, critical business
procedures, accounting and financial applications, lower purchasing costs,
human resources, payroll and others.
With the
growing popularity of ERP methodology, software applications to help business managers
implement ERP into other business activities have emerged. Depending on the
size of an organization and its requirements there are a number of enterprise
resource planning software vendors available in the large enterprise, mid market
and small business segment.
·
Facilitates informed decision making.
·
Cost saving solutions through organized business
processes.
·
Integrates business processes facilitating
better control.
·
Improves the work flow and information flow in the
organization.
·
Introduces transparency in activities.
·
Improves speed and efficiency in functions
leading to improved customer service and customer satisfaction.
·
Facilitates co-ordination of activities between
different departments.
·
Provides quality communication channels Leverage.
·
IT Infrastructure and information assets.
·
Gives a competitive edge.
