Enterprise resource planning (ERP) it is business process management software that allows an organization to the use a system of integrated applications to manage the business and automate many back the office functions related to technology, services and human resources. The ERP generally describes a modular software solution that is incorporates the financial side of the a business and then adds closely integrated app then modules that address other areas of the business, including customer relationship management (CRM), supply chain management (logistics), business intelligence (BI), Materials Resource Management (MRP), which includes capabilities such as Just-in-Time (JIT) Inventory, point of sale (POS), fixed asset management, and even project management. Then it is the software typically integrates all facets of operation including product planning, development, manufacturing, sales and marketing in a single database, application and user interface. The wide variety of business activities including sales, marketing, billing, production, inventory management, human resource management, and quality control depend on these systems. The ERP system a assists in managing the a connections to outside stakeholders as well as enhancing performance management. It uses the a centralized database and usually a relies on a common computing platform. It is provides the user a unified, consistent, uniform environment.
The major benefit of having a single modular ERP system is that it can unite and link together multiple processes and parts of the a business, making the business run more then efficiently. By automating various of functions, you can also benefit from having, for example, the good order tracking, from acceptance through to fulfilment. In the terms of the revenue cycle, you can a track invoices through to cash receipts. The ERP systems also centralise the data in one place, which can be eliminate the problem of synchronising changes between multiple systems, and allows the business managers to get a more accurate view of the business information.
The company doesn’t need to be a manufacturer to use ERP software. Then distributors, retailers, and professional services firms can all the find ERP systems that are specifically designed for their needs. As a matter of fact, there are ERP systems that are narrowly designed for very specific types of businesses. For example, a plastic injection molding company might purchase IQMS software that has such features as optimizing the shop schedule based on the color and type of resin in order to minimize setup times; or a business to business (B2B) distributor might purchase NetSuite, a web-based system optimized for inventory and distribution management. The ERP software designers have been trying for years to expand on the functionality of their products. The porter is right every company must find some way to be unique in order to be competitive in an increasingly the competitive marketplace. That means that enterprise software companies must accommodate maximum flexibility in order to serve a broad enough market for their own sustainability.
The ERP software is not a typical domain for the Balanced Scorecard approach because only one process that implementation process is evaluated. Nevertheless, it is seems worthwhile to adapt the perspectives within the Balanced Scorecard for this purpose. Two reasons motivate the use of the Balance Scorecard for controlling and evaluating an ERP implementation. With the communication infrastructure and ERP functionalities encapsulated in a components, an ERP system can the easily meet these requirements. For more
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