ERP is the short form for Enterprise Resource Planning, a business process to integrate all
functions across a company to a single computer system that can serve all
specific needs of the company. ERP is an
integrated set of application software modules ,providing operational,
managerial and strategic information, to improve the productivity, quality and
competitive advantage. It may also integrate key customers and suppliers as
part of the enterprise’s operation and provides integrated database and
custom-designed report systems. It also adopts a set of “best practices” for
carrying out all business processes. Integration” is the key word for ERP
implementation.
Major reasons for adopting ERP
ü Integrate financial information
ü Integrate customer order information
ü Standardize and speed up operations processes
ü Reduce inventory
ü Standardize Human Resources information
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