Going back to the 1990s, enterprise resource planning was first used by the Gartner Group. ERP as an extension of manufacturing resource, computer-integrated and material requirement planning. ERP represents those terms in order to reflect the application integration apart from manufacturing.
Additionally, ERP is a term in industry that refers to a set of activity in order that a business manages its undertakings. The information available in the ERP system will provide the visibility of “key performance indicators” required in meeting the company’s objectives. ERP software and its applications can entirely be used in managing inventories, providing service to customers, tracking orders and interacting with dealers. It may also include modules for human resource and finance in all aspects of business. Typically, ERP uses an integrated database system.
No doubt enterprise resource planning is considered an important tool for smart companies. More businesses are competing nowadays. Therefore, it is critical that they streamline their processes and operations. However, ERP is not trusted as a cure to most problems that smart companies may face. A wide number of pros are linked to this technology and only those people who understand it will most likely achieve their goals.
Luckily, smart companies achieved a wide range of benefits upon using ERP software. It guides them towards reaching their goals. Their system architecture is put at the right…[ad_2]
Sourced from by Jameel Uddin