There are various ways in defining an Enterprise Resource Planning System. This is how it has been defined by American...
Read moreUse of computer systems is a post second world war phenomenon. The first working computer was developed by two scientists...
Read moreDuring 1990s’, the popular method of exchanging information between trading partners were Electronic Data Interchange (EDI) and all major ERP...
Read moreDuring 1990, ERP market was dominated by few vendors namely SAP, BaaN, Oracle, People Soft and JD Edwards, who were...
Read moreInformation technology is changing at a fast pace. Underlying ERP technology is needed to keep pace with first changing IT...
Read moreEnterprise Resource Planning (ERP) and Business Process Re-engineering (BPR) evolved almost at the same time i.e. 1st half of 1990....
Read moreInitial investment in acquiring and implementing an ERP system is substantial in terms of both human efforts and financial resources....
Read moreImplementation of ERP System, is a complex exercise, involving many process alterations and several legacy issues. Organizations need a implementation...
Read moreEvaluation and selection of ERP package is an essential criterion for successful ERP implementation. Quality of selection will have a...
Read moreERP systems are complex, time consuming and expensive. Instances of failure of ERP projects abound including some high ticket failures...
Read moreAny ERP implementation attracts expenditure on account of Operating System (OS) and Relational Database Management (RDBMS) for hosting the system....
Read moreLike any other project, ERP implementation goes through various interconnected phases. These phases may be sequential but at occasions overlap....
Read moreAn ERP system is a process and not an end in itself. Perfunctory Implementing of ERP system will not boost...
Read moreWhen a proposal is put forward for implementing an ERP system, two questions are invariably asked i) How much it...
Read moreERP systems were developed based on generic need of various types of organizations, belonging to diverse business segments and further...
Read moreERP packages contain several modules, such as finance, sales and distribution, materials management, manufacturing and production control, human resources, plant...
Read moreFinancial accounting module of an ERP package provides company wide control and integration of financial information. This module provides the...
Read moreAccounts payable and Accounts receivable modules are two important execution modules under finance segment of an ERP system. Financial relationship...
Read moreOne of the major financial functions is the management of fixed assets. Asset management module primarily maintains asset register, which...
Read moreThe costing module is one of the important controlling modules which enables effective internal cost control and accounting. All functionalities...
Read moreCash management module provides information relating to cash flow of the organization, by processing and analyzing all cash and bank...
Read moreBill of Material (BOM) is a base functionality of setting up production module of an ERP system. A manufactured item...
Read moreTo support the need to reduce cost and time to market, greater emphasis is needed to control shop floor activities....
Read moreProduction Order Subcontracting – In the age of production outsourcing and the organizational focus on their core competency, subcontracting of...
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