Enterprise Resource Planning Overview

Study Notes

Enterprise resource planning (ERP) is the management of essential business processes, often in real-time, using software and technology.
ERP refers to a suite of integrated applications used to collect, store, manage, and interpret data from various business activities.
ERP provides a comprehensive and updated view of core business processes through a shared database.
ERP systems track critical resources such as cash, raw materials, and production capacity, along with business commitments like orders, purchases, and payroll.
ERP software facilitates information flow between departments like manufacturing, purchasing, sales, and accounting.
It enables organizations to manage connections with external stakeholders.
ERP is a multibillion-dollar industry providing components supporting diverse business functions.
ERP systems have become crucial for both large and small enterprises.
ERP systems integrate varied organizational systems, fostering error-free transactions and production enhancements.
ERP system development differs from traditional system development processes.
ERP systems utilize diverse computer hardware and network configurations with a central database for storing information.

The course aims to equip students with a strong understanding of ERP systems and business modeling.
It promotes the application of information systems within business settings.
It provides practical experience in decision-making based on data collected from enterprise activities.
It focuses on aligning company strategy with the implementation of ERP software to achieve business advantage.