The evolution of ERP solutions
ERP (Enterprise Resource Planning) is not only a business management software, but a complete business solution integrated across the entire value chain which creates an information infrastructure for efficient planning and effective execution, which integrates all the departments of a organization. Materials Requirement Planning (MRP-I) began as a technique for developing enterprise-wide business solutions by providing automated tools for forecasting demands and planning according to the forecast .
Expectation from ERP :
- Global process/ Product management
- Integrated Supply Chain Management
- Leverage purchasing and vendor management
- Order cycle time/ customer service improvement
- Inventory reductions
- Reduced information systems costs on an ongoing basis
- Improved business management through worldwide integration and information
- Reduced working capital requirements
- Improved customer service
- Improved direct labor productivity
- Reduced purchase costs
- Reduced obsolescence
- Reduced overtime
- Having the figures to make decisions
- Having accountability throughout the organization
- Improved quality of life



