• Use of ERP Application

    ERP usage may be divided into three types mainly Core ERP Applications, Extended ERP applications and Internet Transformation for ERP

    Core ERP Applications

    • Financials – records and manages accounting data including applications such as general ledger, accounts payable, accounts receivable, budgeting and asset management.
    • HR – Tracks employee information and provides all the HRMS services
    • Manufacturing – production planning and execution such as demand forecasting production scheduling, job cost accounting, bill of materials, shop flow management, shop floor execution, and quality control
    • Project Management – plans schedules, and tracks project costs, contracts, and resources.

    Extended ERP Applications

    Increasingly, ERP system suppliers provide extended enterprise software suites incorporating functionality that was previously limited to best-of-breed suppliers such as supply chain management, procurement and customer relationship management. The extended services may cover areas like:

    • Business Intelligence – collects information for systems used throughout the enterprise
    • CRM – provides an integrated view of customer data and interactions so companies can work more effectively
    • SFA – improves the effectiveness of the sales process
    • SCM – plans schedules, controls, and optimizes the supply chain
    • E-Logistics – Manages the transportation and storage of goods throughout the supply chain.
    • E-Procurement – Assist corporate buyers with the specification and acquisition of goods from suppliers using tools such as online catalogues, auctions, and requests for quotes (RFQ)
    • PLM – allows manufacturers to produce and share product planning, design, manufacturing and distribution information with suppliers to improve development of products and fielding of product offerings.

    Internet Transformation for ERP

    • Portals – enable users to access multiple applications via a single point of entry with a browser
    • Exchanges – creates a web based environment in which multiple internal and external users can use applications such as B2B e-marketplaces, e-procurement, and SCM to automate the business relationship between trading partners
    • Mobile access – provides means for users with handheld devices such as PDA’s and Web enables telephones to connect to the internet with enterprise applications.

    Internet architecture of ERP system has changed significantly with the use of Cloud Computing which has made it more cost effective and usable for small business and companies as well. Due to Cloud Computing, ERP systems now reached to even the small organizations which have never thought of using ERP before due to heavy IT infrastructure investment. Find more at Cloud Computing

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