ERP Meaning

ERP stands for Enterprise Resource Planning and is mainly used to manage a business software.

ERP is acronym for Enterprise Resource Planning which is used to structurally plan your business and do most of your company work through ERP. ERP manages, collect, store, validate your data from various business activities.

Combines all databases across departments into a single database that can be accessed by all employees. ERP has been the managing device for the business which helps to integrate all the business processes. It also helps to improve the existing software. You must understand ERP meaning before going for ERP software.

Our ERP is beyond BMS (Business Management System) and has taken shape of an OSM i.e. Operating System for manufacturing. BMS is deck of tools for planning your business strategically and organizing your companies policies and procedures. The practice of synthesizing an enterprises planning, manufacturing, sales and marketing efforts into one management system. This BMS has over the years taken the shape of Operating System for Manufacturing.

Meaning of ERP:-

Meaning of ERP is simple that it automates the tasks involved in performing a business process.

ERP provides a real-time view of your business using a common database.

Types of ERP system are as follows:

  1. Accounting
  2. Manufacturing
  3. Human Resource Management
  4. Project Management
  5. Customer Relationship Management
  6. Document Control Management etc.

ERP is regulatory system which develops and manages continuous improvement. ERP includes:

  • Inventory Management
  • Bill of Materials Management
  • Production Data
  • Product Quality Test Data
  • Employee Efficiency Tracking
  • Employee Notifications
  • Customer Satisfaction etc.

ERP software

ERP system helps in automation and integration of business core processes. Implementation of ERP is an immense task as it requires lot of planning, time and money but once it is implemented it will give you results. Data migration  can be done easily by ERP as it is the process of moving, copying, and restructuring data from an existing system to the ERP system.

ERP software are based on industries best practices. ERP supports common database with all the applications. Management can take decisions faster and with ease through ERP. ERP system is a matter of balancing the way the organization wants the system to work. The main benefits that companies will get after implementing is speed and flexibility when the system reacts to changes in the business process and organisation levels. One may consider ERP systems as a glue stick that binds various departments into one system in a large organisation. ERP data is added in real time by users.

The first ERP system that was built is SAP and was built with the objective to increase the efficiency of the business. After that many more ERP systems were built and GAP ERP system is one of the developing ERP system and is used by many of the companies. ERP serves as a focal point for managing all important aspects of the business.

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