Enterprise Resource Planning Systems

Masters
Essay
Business
Pages 8 (2008 words)
Download 0
In the modern business world, the concept of blue ocean markets has become a clich. Companies are leaving no stone unturned in the process of acquiring the maximum market share. In such a red ocean market scenario, Enterprise Resource Planning (ERP) is not just a supplement, but a competitive weapon that a company can use to stay afloat…

Introduction

Although ERP has been the cornerstone of the success stories of most companies from several years, there has not been a unified definition for the term ERP. The absence of a single definition is due to the intrinsic complexity of the motive behind ERP implementation. According to the PC Magazine, "ERP is a concept that aims at utilizing an integrated IT system, which serves all departments within an enterprise" (PC Magazine, 2007). The definition implies that an ERP system is not a custom software, but a packaged software that a company can configure to interface with its own IT systems and business processes (finance, logistics, HR, manufacturing etc). Some of today's leading ERP vendors are SAP, Oracle and Microsoft.
Although its implementation has taken various forms, the essential concept of ERP has remained the same. Today ERP has become a worldwide industry standard term for the broad set of activities supported by multi-module application software that helps a manufacturer or other business manage the important parts of its business, including product planning, parts purchasing, maintaining inventories, interacting with suppliers, providing customer service, and tracking orders. ERP can also include application modules for the finance and human resources aspects of a business (EC Council, 2002).
ERP is a standa ...
Download paper
Not exactly what you need?

Related papers

The Role of Human Resource Planning for Organizations
How the top management domains within this organization understand the dictum of human resource planning is something that derives sound results. Adequate planning is the need of the hour because it gives the top management a clear cut vision as to what it should expect at the hands of the middle management and the employees that are working under its realms (Idris, 1998). The human resource…
Exploring the Integration of Enterprise Resource Planning Solutions Within Supply Chain Management
It was able to attain this position through vigorous investment in technology to ensure that its continuous improvement is not only based on intent but founded on empirical data as well. Tesco’s direction is on the right path towards its goal by using the latest of what Information Technology can offer to assist it in gathering historical data of its operation and at the same time being provided…
ERP Systems
Organisations seek ERP systems for various reasons and among them are the desires to adopt better business practices, globalisation, increase flexibility, and centralise information among others (Hallikainen 3). The software infrastructure also presents an opportunity for the business to sustain a competitive advantage in the evolving world of information technology in business. This is achieved…
enterprise system
Peet’s coffee and tea had challenges managing their customer needs, finances and raw materials but all that changed with the implementation of the Enterprise Resource Planning system. The company is in a better position to guarantee quality Coffee and Tea products, managing finances better and having a competitive edge over its competitors. Businesses have been availed the Enterprise Resource…
Enterprise Resource Planning Master Essay
"The ERP market showed solid organic growth in 2004 as IT spending improved," says Jim Shepherd, vice president of research at AMR Research. "The market was also affected by consolidation within the segment, as well as ERP vendors acquiring best-of-breed players to broaden their portfolios."…
Enterprise Resource Planning (ERP)
While in college, they found that the inefficiencies of the existing infrastructure led to great difficulties in being compatible with the numerous mail clients in operation and served to go from there. They took their idea with them when left the campus and Cisco Systems was born.…
Enterprise Resource Planning Systems
Although ERP has been the cornerstone of the success stories of most companies from several years, there has not been a unified definition for the term ERP. The absence of a single definition is due to the intrinsic complexity of the motive behind ERP implementation. According to the PC Magazine, "ERP is a concept that aims at utilizing an integrated IT system, which serves all departments within…