Enterprise Resource Planning
Systems
The ERP system deals with the planning use of resources used
in the business. The resources are
finance, materials, manufacturing capacity and human resource. The ERP provides
methodology of assessing the resource needs for a given business plan to achieve
certain business objectives. It also helps to execute the strategies, plans,
decisions, and actions in a time bound manner. The ERP provides a support system in the
transaction processing, updation, and reporting across the functions. The ERP is
a package encompassing all major functions of the business. The product is
generic in nature and is supposed to incorporate the best business practices,
generally followed in mist of the companies.
The product philosophy is to implement the system as it is
with some customization which may be typical to the customer requirement. The
system design of the ERP is integrated with the features and functions providing
an enterprise wide solution to handle all the process functionalities. For
example, it provides capability to process the purchase order from ordering to
bill processing and also meets the information needs of purchase, stores,
manufacturing, accounts and finance.
The solution is structured in the modular fashion to cover
the entire business operation. A typical ERP package solution has following
modules:
§
Sales, Marketing, Distribution
§
Manufacturing
§
Stores Management
§
Finance
§
Personnel
§
Maintenance
§
Purchase, Inventory
§
Planning and Control
