Review of literatures and systems

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4 years ago

In this chapter i discuss the previous that i learned in college.. Which were related in the enterprise system that includes the technical background literatures and systems.

Technical background

Enterprise resource planning (ERP)

ENTERPRISE RESOURCE PLANNING( ERP) is industry terms for the broad set of activities that help an organization manage its business ( idoceonline) 2017. An important goal of ERP software is to intergrate back office business processes and facilitate the flow of information within an organization so business decisions can be data-driven. Lopez(2015) defined ERP as a process where a company, often a manufacturer, manages and intergrates the important part of its business. An ERP management information system intergrates areas such as planning, purchasing, inventory sales, marketing, finance, and human resources. The acronym ERP stands for enterprise resource planning. It refers to the systems and software packages used by organizations to manage day-to-day business activities, such as accounting, procurement, project management abd manufacturing (reyes, 2017)

Importance of enterprise resource planning

Chang(2017) stated that ERP is a system that can be used with great benefits to your organization, but it also can take time, effort and financial resources to adopt and use on a regular basis. The benefits of ERP are far outweighing the initial cost, time and effort associated with incorporating the software into your organization. Implementation of ERP is important, it ties together and automates a number of processes within a given enterprise . ERP software standardizes, streamlines, and intergrates business processes across finance, human, resource, procurement, distribution, and other departments

Characteristics of enterprise resource planning.

ERP system has typically included the following characteristics such as an intergrated system, operates in ( or near) real time, a common database that supports all the applications, a consistent look and feel across modules and installation of the system with elaborate application/data integration by the information technology department. ERP has a modular design that incorporates various distinct business modules such as manufacturing, financial, accounting and distribution, with each module taking care of the functions of particular section of department of an organization as cited. Central common database is an important characteristic of good ERP system. All the data is entered and stored only once and then used by all the departments and modules simultaneously.

Components of enterprise resource planning

Many ERP systems are jam- packed with innovative and intuitive features, but iif the one you are interested in does not have the main components, it is simply not worth it. There are six main components of ERP SOFTWARE. human, resources, customer relationship mangement, business intelligence, supply chain management, inventory management and financial management..

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