Integrated ERP

Enterprise resource planning (ERP) refers to a type of software and systems that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. At a basic level, ERP integrates these processes into one system.

The system needs to be integrated with a business’ structures and goals. It brings together data, from financial to logistical and human resources, in support of enterprise-level planning and operations.

An integrated ERP system allows every aspect of the business to be controlled from a single application, so data flows seamlessly through the company — and down to the financial statement. Integrating information and processes increases efficiency and enables informed decision-making. One major feature of ERP system is detailed analytics and reporting on each department.

By collecting an organization’s shared transactional data from multiple sources, ERP systems eliminate data duplication and provide data integrity with a single source of truth.
Integrated ERP

Enterprise resource planning (ERP)

Enterprise resource planning (ERP) predicts and balances demand and supply. Although there is no agreed upon definition for ERP systems, their characteristics position these system as integrated, all encompassing. Complex mega-packages designed to support the key functional areas of an organization.

It is an enterprise-wide set of forecasting, planning and scheduling tools, bring together people which links customers and suppliers into a complete supply chain, employs proven processes for decision-making and coordinates sales, marketing, operations, logistics, purchasing, finance, product development and human activities.

The software of the systems are powerful that is enable businesses to integrate a variety of disparate functions.

The primary purpose of implementing ERP is to run the business efficiently and effectively in this brutally competitive and rapidly changing business environment.

Enterprise resource planning is used by company to coordinate information in every area of the busines. It helps to manage company wide business processes, using a common database and shared management reporting tools. Enterprise resource planning also allows a company to produce and access information in a real time environment. It gives the power to the right person to make decisions at the right time. This is only when the entire organization shares the same information and views it in the same perspective.
Enterprise resource planning (ERP)