1.

Define Enterprise Resource Planning (ERP)

2. Enumerate and explain the advantages of using ERP.
3. Explain the procedures on the navigation of SAP Business One. What was the
branch code assigned to you. 
4. Identify the parts of the user interface and other basic navigation tools of the
system.

 
ERP software is a tool that centralizes a company’s database of information,
automates routine tasks and simplifies business processes. The end-goal in using this
tool is to optimize operations and free up employee time so they can work on more
instinctual tasks. These objectives can lead to an increase in revenue margins and
efficiencies while improving communication across the company.
ERP systems are an asset for many organizations. They make your business run
smoother by unifying and protecting your information, automating processes, and
producing easy-to-understand reports. With these and many more capabilities, the
benefits of ERP systems in an organization make your day-to-day operations and long-
term planning more efficient. Although ERP software is often a large investment, it can
unify your IT costs and improve efficiency. Instead of spending resources on multiple
systems that all need dedicated staff, infrastructure, support teams and licenses, you
can focus all these costs into one ERP system.  ERP software allows total access to
every important process in your business by making data from every department easily
accessible to you and your senior management. Along with improved visibility, better
insight is a major advantage of ERP software. Implementing an ERP suite across
departments means your organization has a single, unified reporting system for every
process. One of the biggest advantages of enterprise resource planning software in the
present day is its modular makeup. Most ERP vendors offer several applications that
can be implemented together according to business needs. Your company’s clients also
receive ERP system benefits, even if they don’t know it. Because client information is
centralized and streamlined, your sales team will be able to focus on building and
maintaining customer relationships instead of maintaining spreadsheets. One of the
biggest advantages of an ERP system is data security. After all, at the heart of the ERP
concept is data. Sharing data across functional silos such as customer service, sales,
marketing and business development enhances collaboration throughout a
company. Collaboration is an essential part of a thriving business. But more often than
not, companies find their teams working in silos simply because collaboration requires
more time and effort. However, ERP software makes collaboration a piece of cake. An
ERP platform streamlines the process of collaborating with others by providing
employees with access to the data they need when they need it. Most ERP systems are
developed according to industry best practices. These tried-and-true processes bring
major benefits to the table for businesses of all sizes. It also allows businesses to
standardize their own processes and systems, which further enhances productivity and
efficiency.