Enterprise Resource Planning
E - An Enterpirse is a group of people with a common goal, which has certail resources at its disposal to achieve that goal.
R- Resources included are money, and all other things that are required to run the enterpirse.
P- Planning is done to ensure that nothing goes wrong.
R- Resources included are money, and all other things that are required to run the enterpirse.
P- Planning is done to ensure that nothing goes wrong.
In general, ERP is "a bussiness strategy and set of industry-domain-specific applications that build customer and shareholder communities value network system by enabling and optimizing enterprise and inter-enterprise collaborative operational and financial processes."(Source: Gartner's Research Note SPA-12-0420)
How will ERP system benefit you and your organization?
1. GET - Acquire profitable customers.
2. KEEP - Retain profitable customers longer.
- Win back profitable customers.
3. GROW - Up sell additional products in a solution.
- Cross sell other products to customers.
- Reduce service and operations cost.
1. GET - Acquire profitable customers.
2. KEEP - Retain profitable customers longer.
- Win back profitable customers.
3. GROW - Up sell additional products in a solution.
- Cross sell other products to customers.
- Reduce service and operations cost.
Some of the ERP Modules (Sub-Systems)
1. Financial Management
At the core of ERP are the financial modules including general ledger, accounts receivable, accounts payable, billing and fixed asset management. Other functionality in the financial management modules will include budgets, cash-flow, expense and tax reporting, Trial Balance Report, Balance Sheet Report and Profit and Loss Statement.
1. Financial Management
At the core of ERP are the financial modules including general ledger, accounts receivable, accounts payable, billing and fixed asset management. Other functionality in the financial management modules will include budgets, cash-flow, expense and tax reporting, Trial Balance Report, Balance Sheet Report and Profit and Loss Statement.
2. Human Resource Management
Human resource management module will enhance the employee experience from initial recruitment to Retirement or Resignation. Sub-modules include payroll, performance management, benefits, compensation and workforce planning, leave system and also attendance system.
Human resource management module will enhance the employee experience from initial recruitment to Retirement or Resignation. Sub-modules include payroll, performance management, benefits, compensation and workforce planning, leave system and also attendance system.
3. Supply Chain Management
Supply chain Management somes referred to as logistics, improves the flow ofmaterails through an organization by managing planning, scheduling, procurement and fulfillment to maximize customer satisfaction and profitability. Sub modules include production scheduling, demand management, distribution management, inventory management, warehose management and procurement.
Supply chain Management somes referred to as logistics, improves the flow ofmaterails through an organization by managing planning, scheduling, procurement and fulfillment to maximize customer satisfaction and profitability. Sub modules include production scheduling, demand management, distribution management, inventory management, warehose management and procurement.
4. Point of Sales (POS)
A point of sale is the place where customers executes the payment for goods or services brought from the seller. Sub-modules include credit authority and ceiling, schemes and discount and claims for the discount from the suppliers.
A point of sale is the place where customers executes the payment for goods or services brought from the seller. Sub-modules include credit authority and ceiling, schemes and discount and claims for the discount from the suppliers.
5. Business Intelligence
Business Intelligence (BI) has become a standard component of most ERP Packges. In general, BI tools allow user to share and analyse the data collected across the enterprise and centralized in the ERP database. BI can come in the form of dashboard, automated reportin and analysis tools used to monitor the organizational business performance. BI Supports informed decision making by everyone from executives to line managers and accounts.
Business Intelligence (BI) has become a standard component of most ERP Packges. In general, BI tools allow user to share and analyse the data collected across the enterprise and centralized in the ERP database. BI can come in the form of dashboard, automated reportin and analysis tools used to monitor the organizational business performance. BI Supports informed decision making by everyone from executives to line managers and accounts.