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Enterprise Resource Planning (ERP) : by Mayur Gandhi WRO0732478

Enterprise Resource Planning (ERP) consolidates an organization's planning, manufacturing, sales, and marketing into a single management system, improving resource utilization and customer support while reducing costs. However, it comes with disadvantages such as high licensing and maintenance costs, and the need for employee training. Successful ERP implementation requires careful consideration of various factors, and the future of ERP includes advancements like web-based systems and integration with other software.

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Jaya Gandhi
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30 views20 pages

Enterprise Resource Planning (ERP) : by Mayur Gandhi WRO0732478

Enterprise Resource Planning (ERP) consolidates an organization's planning, manufacturing, sales, and marketing into a single management system, improving resource utilization and customer support while reducing costs. However, it comes with disadvantages such as high licensing and maintenance costs, and the need for employee training. Successful ERP implementation requires careful consideration of various factors, and the future of ERP includes advancements like web-based systems and integration with other software.

Uploaded by

Jaya Gandhi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Enterprise

Resource Planning
(ERP)
By Mayur Gandhi
WRO0732478
1
What is ERP?

 The practice of
consolidating an
enterprise’s planning,
manufacturing, sales, and
marketing efforts into one
management system.
 Combines all databases
across departments into a
single database that can be
accessed by employees of
each department.

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Benefits of ERP

 Improved Resource
Utilization.
 Better Customer Support.
 Reduced Quality Costs.
 On time Shipment.
 Reduction in Lead and Cycle
time.

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Disadvantages of ERP

 Large cost of licensing and development


 High cost of maintenance
 Requires Training of Employees
 Staff Turnover
 Access of Non-Relevant Data

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Components of ERP

 Finance/Accounting module
 Human Resource module
 Supply Chain Management module
 Material Management module
 Customer Relationship Management
module
 Project Management module

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Finance/Accounting Module

 This module gathers and


manage financial data and
financial processes from various
functional departments and
generates valuable financial
reports such as
-Balance Sheet
-General Ledger
-Trial Balance
-Profit and loss account
-Quarterly Financial Statements

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Human Resource Module

 This component maintains


an employee database
containing information
about employee's contacts,
salary details, attendance,
performance evaluation and
promotion details.
 This component helps the
management to make use of
the employee’s best talent.

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Supply Chain Management Module

 Supply Chain Management


(SCM) module sometimes
referred to as logistics ,
improves an organization by
managing , planning,
scheduling, procurement,
and fulfillment of customer
orders to maximize
customer satisfaction and
increase profitability.

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Material Management Module

 Material management is one of


the core modules in ERP
software. The material
management module manages
the inventory, quantity of
goods, raw material,
manufactured goods, and need
of material. The material
management module eases the
entire Supply Chain
Management process.

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Customer Relationship Management Module

 This module involves managing


all aspects of a customer’s
relationship with an
organization to increase
customer loyalty and retention
and an organization’s
profitability
 This module performs the
following function such as Sales
and marketing, commissions,
customer service, and call
centre support.

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Project Management Module

 Project management is the discipline of planning,


organizing, motivating and controlling resources to
achieve specific goals.
 This module executes the following activities such as
costing, billing, time and expense management, and
mainly the activity management.

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Vendors of ERP

 There are multiple vendors in today’s world that deal with the ERP software
 Some of them are listed as follows :-
-Systems Application Product (SAP)
-Oracle
-Peoplesoft
-J.D.Edwards
-And many more

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Process of ERP -

WRO0732478 13
ERP Implementation & Selection

 An entrepreneur must look into the following criteria while deciding whether to
handover all the business operations to an ERP System:-
-Functional fit for your organization
-Industry experience
-Price
-ERP vendor behavior
-Risks
-Scalability
-Top management and Employee support

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ERP Implementation & Selection

 The steps to implement and ERP system into a business are as follow :-
-Define why you need an ERP system.
-Understand the benefits and negatives of implementing an ERP System.
-Decide the budget.
-Look for the ERP Systems available in your budget.
-Reach out to the vendor.
-Enter into an agreement with proper rules and regulations.

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Success Stories of ERP

 Autodesk ( Computer aided design software maker)


-Reduced delivery time from two weeks to less than 24 hours
 Fujitsu Microelectronics
- Reduced the cycle time for filing orders from 18 days to 1.5 days
-Time to close financial books reduced to 4 days from 8 days.

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Success Stories of ERP

 IBM Storage Systems Division


-Reduced the time to re-value from 5 days to 5 minutes.
-Reduced the time to ship a replacement part from 22 days to 3 days
-Reduced the time to complete a credit check from 20 minutes to 3 minutes.

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Future of ERP

 Internet will continue to help organizations to integrate data and process across
functional departments.
 Availability of web-based and wireless ERP systems.
 Adoption of easy to install ERP systems.
 Linkage to other software systems, for example Supply chain management system, e-
commerce, customer relationship management system.

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Conclusion

 ERP is a key backbone application for companies in a fast-changing industry.


 The risks in and ERP implementation are usually outweighed by the benefits.
 ERP is recommended in an organization not only because the advantages out-number
the disadvantages but also by keeping in mind the ways to overcome them.
 An organization has to correctly weigh the advantages and disadvantages of ERP
before going for them.

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Thank You
WRO0732478 20

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