Erp System Essay

5666 Words23 Pages
5.4.13. Enter pr ise Resour ce Planning ( ERP) system | TERM PAPER - M ANAGEM ENT Enterprise Resource Planning (ERP) system Implementation-Procedures, Issues, Challenges & Failures An Ente rpris e Re s ource Planning (ERP) system is an integrated computer- based application used to manage internal and external resources, including tangible assets, financial resources, materials, and human resources. Its purpose is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders. Built on a centralized database and normally utilizing a common computing platform, ERP systems consolidate all business operations into a uniform and enterprise- wide system environment. An ERP system can either reside on a centralized server or be distributed across modular hardware and software units that provide "services" and communicate on a local area network. The distributed design allows a business to assemble modules from different vendors without the need for the placement of multiple copies of complex and expensive computer systems in areas which will not use their full capacity. To be considered an ERP system, a software package should have the following traits: - Should be int egrat ed and operat e in real t ime wit h no periodic bat ch updat es. - All applicat ions should access one dat abase t o prev ent redundant dat a and mult iple dat a def init ions. - All modules should hav e t he same look and f eel. - Users should be able t o access any inf ormat ion in t he syst em wit hout needing int egrat ion work on t he part of t he IS depart ment . Various modules of ERP System are: - Trans actional Backbone • Financials • Distribution • Human Resources • Product lifecycle management - Advance d Applications • Customer Relationship Management (CRM)
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