ERP (ENTERPRISE RESOURCE

PLANNING)
It’s a business process management software that
manages and integrates company’s all activities.  It
helps in maintaining a balance with key functions
of business that includes human resource, order
management, accounting, and more. It is a
software designed to ease an organization’s day to
day functions from logistics to managerial.
 HOW ERP WORKS?
It combines all
databases across
departments into a
single database that
can be accessed by all
employees.

It is used to integrate all

services which are
needed to run company.

This
This software
software acts
acts as
as aa centralized
centralized
system
system to streamline all processes and
to streamline all processes and
information
information flow
flow within
within an
an entire
entire
organization.
organization.
ERP COMPONENTS:
ADVANTAGES/DISADVANTAGES OF ERP
SYSTEM:
ADVANTAGES: DISADVANTAGES:
 Eliminates the duplication and  Takes a lot of effort, time and
redundancy in data. requires a lot of training.
 Provides real time information across  ERP system can be very expensive
departments. to install.
 Allows everyone to access and share  Customization of ERP software is
same source of information. limited.
 Improves efficiency.  Software can be complex and
difficult to use.
 Allows standardization of business
processes.
 Provides better inventory
management and promotes quality.
 Better customers interaction, improves
customer service.