Define what we mean by an erp system

Assignment Help Management Information Sys

Reference no: EM133823519

Homework: Enterprise Resource Planning

The objective of an ERP system is to coordinate a firm's entire business, from supplier evaluation to customer invoicing.

Manufacturers depend on their ERP systems to enhance their organization's performance and streamline business processes. ERP systems can track information and data as it flows through an organization.

ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of processes in the business.

There are at least 8 basic modules found in an ERP system:

A. Human Resource
B. Inventory
C. Sales & Marketing
D. Purchase
E. Finance & Accounting
F. Customer Relationship Management (CRM)
G. Engineering/ Production
H. Supply Chain Management (SCM)

Instructions

For this homework, you will prepare a 2-page report, not including the cover page and the References page, using APA style. Use appropriate headings for each of the points you cover in your report.

You will research ERP systems, addressing the following points:

A. Introduction

a. Define what we mean by an ERP system.

B. Describe two advantages and two disadvantages of ERP systems.

C. Choose one module from the list of 8 modules above.

a. Describe this module in detail.
b. Explain how this module integrates into the entire ERP system.
c. Provide an example of a business that could benefit from the use of this module in an ERP system.

i. Explain how that business benefits from that module.

D. Conclusion

a. Describe why ERP is important to any organization or business.

E. Extra Credit Possibility: In one paragraph, identify and describe one way ERP is used or might be used in your own workplace.

Reference no: EM133823519

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