Modern ERP: Introduction and Core Business Operations

Introduction What is ERP??? ERP is platform company uses to combine all a core business operations required to run a company Core Business Operations :  ERP Role 1)ERP helps to manage all these operations in an integrated system effectively ERP Role..(Cont.) 2)Provides transparency into your...

Introduction What is ERP??? ERP is platform company uses to combine all a core business operations required to run a company Core Business Operations :  ERP Role 1)ERP helps to manage all these operations in an integrated system effectively ERP Role..(Cont.) 2)Provides transparency into your complete business process by tracking all the following aspects ERP Role..(Cont.) 3) Provide customization for your specific industry Without an ERP system Each department would have its system optimized for it is specific tasks With ERP Software Each department still has it’s system, but all of the systems can be accessed through one application with one interface How ERP works? ERP made of integrated modules or business applications that communicate with each other and share a common database How ERP works?...(Cont.) Every ERP module typically focuses on one business area but they work together using the same data to meet the company’s needs, There are many components such as finance, HR, accounting ,procurement, sales, logistics and supply chaincompanies can choose the module they want and can add on and scale as required How ERP works?..(Cont.) Once all departments are linked to the system  all data is collected on the server and become instantly available to those with permission to use it How ERP works?..(Cont.) It can generate reports with graphs, charts, metrics and other visuals might needs to determine how business and it is departments are performing  References 1. https://educationleaves.com/enterprise-resource- planning-erp/