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Enterprise Resource Planning (ERP) covers the techniques and concept employed for the integrated management of businesses as a whole from the viewpoint of the effective use of management resources to improve the efficiency of an enterprise.ERP is the technological back bone of e business an enterprise wide transaction framework with links into sales order processing inventory management and control production and distribution planning and finance.Kumar et al define enterprise resource planning ( ERP) systems as "configurable information systems packages that integrate information and information based processes within and across functional areas in an organization".
Typically before ERP implementation each department has its own computer system optimized for the requirements that a department needs. As shown in figure 1 each department will maintain separate databases and design application as per their functionalities. These will result in local optima and overall very poor results across all the department or within the company.ERP combines all the business requirements of the company together into a single integrated software programs that runs off a single database so that various departments can more easily share information and communicate with each other. As shown in figure 2 conceptually ERP replace the old standalone computer systems in finance, HR manufacturing et. With a single software program that facilitates various functional modules. Thus everybody from the finance manufacturing purchasing etc, will still get their own advantages of software along with the added feature of availability of information across other departments to improve decision quality. For example someone in finance cause ERP to see if any sale order has been shipped from the warehouse so that can now confidently plan for working capital management for the next period.
Question: (a) Define the term sustainable development (b) What is environmental sustainability (c) What are the different steps involved in the development of an EIA for
There are three main purposes or motives of holing inventories: a. The transaction Motive : Which facilitates continuous production and timely execution of sales orders
FIXED COST=40000, VARIABLE COST=20 PER UNIT, SELLING PRICE=100 PER UNIT. TURNOVER REQUIRED FOR A PROFIT OF RS.30000
what characteristic of scientific management can you identify of ups
A summary of the important facts in the article EXPLAIN/RELATE THE ARTICLE TO ANY OF THE THREE BELOW: 1) Business environment (technological, social, global, economic, poli
1. Define the digital divide and suggest ways to close it. 2. Do you consider that the Australian government has achieved the right balance between encouraging Internet adoption
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What is the Grievances Handling? Grievances Handling: Individual workers usually have several complaints called grievances in opposition to the working rules of the busin
Cycle inventories are held for the reason that purchases are usually made in lots rather than the exact amount which may be needed at a point of time. Of course if all p
What should Mr. Sharma have done to avoid the misunderstanding?
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