ENTERPRISE RESOURCE

PLANNING (ERP) SYSTEMS

- CA Ashish Rai
What is ERP ?
 The practice of consolidating an enterprises planning, manufacturing,
sales and marketing efforts into one management system.
 Combines all databases across departments into a single database than
can accessed by all employees.
Evolution of ERP
Reasons for ERP
 Integrated Financial Information
 Integrated Customer Order Information
 Standardize and speed up operations process
 Reduce inventory
 Standardize Human resource Information
Functions of ERP
Benefits of ERP
 Integrated of a single source of data
 Common data definition
 A real-time system
 Increased Productivity & efficiency
 Reduced operating cost
 Improved internal communication
 Improved customer service and order fulfillment
 Customer Satisfaction
 Improved Customer goodwill
Risk of ERP Implementations
 Expensive
 Time consuming
 Transfer of Knowledge
 Acceptance within the company
 System upgrades
 Education and training
Thank You