| An ERP (Enterprise Resource Planning) system is | | | | expanded and business has been changed |
| considered as the only system developed to | | | | technically. As a result it has increased the |
| cover all the basic functions of an organizational | | | | demand and expectations which were not seen |
| work, regardless of the organization's business or | | | | earlier. |
| charter for integrating all aspects of data and | | | | As we all know that business is not a steady |
| processes related to it. It started as a group of | | | | process it requires growth and development in |
| applications or software which focuses on | | | | this reference ERP package will need more |
| combination of multiple systems into one | | | | changes. The packaged ERP has proved itself as |
| integrated system through which data can be | | | | an excellent in their ability to amend and grow |
| shared across the company; it thereby reduces | | | | with the business, a flexibility advantage that is |
| redundancy of data entry and processes. It | | | | often recommended by vendors. |
| provides almost all the functions of an organization | | | | There is no doubt that a packaged ERP solution is |
| in a single package that is covered by more than | | | | better at adapting to changing business |
| one system. | | | | requirements, but it is necessary to determine |
| The term ERP signifies the system which is | | | | that its flexibility is worthwhile for the cost |
| designed to increase the utility for wide resources | | | | because it is not necessary that the organization |
| of enterprise. An ERP eliminates the external | | | | will make fundamental changes in the future. For |
| interface and replace independent application of an | | | | example, basic business processes such as |
| organization as well as provide additional benefits | | | | accounting finance and general ledger will rarely |
| like standardization and lower maintenance which | | | | undergo radical changes. But there are several |
| enhances the reporting capabilities in easier or | | | | other areas in ERP can be proved as an ultimate |
| greater manner. ERP is seen as an opportunity to | | | | solution. ERP is been utilized in many of the areas |
| integrate data of systems and refine processes in | | | | where the use of computer were not previously. |
| the interest of gaining efficiencies and to increase | | | | Few areas can be stated as Integrated Financials |
| employee's growth professionally by the | | | | (General Ledger, cash management, |
| enforcement of fresh knowledge and skills for | | | | multi-currency, multi-language, fixed assets), |
| procedures. | | | | Business Intelligence (executive information |
| Selection of ERP software is not done all of a | | | | systems, multi-dimensional modeling), |
| sudden. It requires lot of hard and base work to | | | | Manufacturing / Importing & Scheduling, |
| introduce the ERP into a offshore product | | | | Distribution (Inventory management, bonded |
| development system. There are several reasons | | | | warehousing, logistics, transportation planning), |
| for uncertainty, foremost being Internet. Because | | | | Customer Service (Sales order processing), |
| of ERP the scope of computers has been | | | | Communications (Internet / Intranet). |