FREE online courses on Business Needs and ERP - ERP System - Components of a
true ERP
Enabling organizations to respond quickly by leveraging
changes to their advantage, letting them concentrate on strategically expanding
to address new products and markets.
Across all sizes, functions and industries should have
in-depth features in accounting and controlling, production and materials
management, quality management and plant maintenance, sales and distribution,
human resource management and project management. Should also have information
and early warning systems for each function and enterprise wide business
intelligence system for informed decision making at all levels.
Should embrace an architecture that supports components or
modules, which can be used individually, expandable in stages to meet the
specific requirements of the business, including industry specific
functionalities. Should be technology independent and mesh smoothly with
in-house/third-party applications, solutions and services including the Web.
Should overcome the limitations of traditional hierarchical
and function-oriented structures. Functions like sales and material planning,
production planning, warehouse management, financial accounting and human
resource management should be integrated into a workflow of business events and
processes across departments and functional areas, enabling workers to receive
the right information and documents at the right time at their desktops across
organizational and geographical boundaries.
Should support and enable inter-enterprise business process
with customers, suppliers, banks, government and business partners and create
complete logistical chains covering the entire route from supply to delivery,
across multiple geographies, currencies and country specific business rules.
The software should enable integration of all business
operations in an overall system for planning, controlling and monitoring and
offer a choice of multiple ready-made business processes including best business
practices that reflect the experiences, suggestions and requirements of leading
companies across industries. In other words, it should intrinsically have a rich
wealth of business and organizational knowledge base.
Should incorporate cutting-edge and future-proof technologies
such as object orientation into product development and ensure seamless
inter-operability with the Internet and other emerging technologies.
