ERP Overview

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