Presentation On ERP

Enterprise Resource Planning(ERP)

Prepared by Rathod Mayuri. Modh Gopi.

Agenda ::Introduction ERP Modules Why Implement ERP ? Advantages Disadvantage

What is ERP ::Enterprise Resource Planning - a software system that integrates core business areas such as manufacturing, distribution, financials and human resources. y Example: A warehouse in Singapore enters a customer order
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data automatically flows to other areas of the company. It would flow to the financial and accounting people in New York Automatically update accounts receivable.
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Cont.
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The order would also flow to the manufacturing operations in Europe instructing them to make another component. Inventory levels would automatically be reduced in the warehouse and an order would be placed to replenish inventory.

ERP Modules
Order Management y Purchase & Sales y Inventory Management y Production Management y Accounting & Financial Management y Human Resource(HR) Management
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Order Management

Purchase
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Procurement - Integrating the entire purchasing process from order creation to goods receipt and invoice payment. Evaluate your vendors by tracking history of their quality, cost and timely deliveries Purchase Order Enquiry Quotation GIN/GRN Credit/cash invoice Purchase Return
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Sales
Sales Enquiry y Send Quotation y Order Acceptance Note y Goods Delivery Note y Invoice y Sale Return Challan y Cash/credit sales invoice y Sales Return
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Inventory
Manage Inventory level of Product y Manage critical stock, Reorder y Stock level maintenance y Stock Reports
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Production

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Account
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Handle multiple companies from a single account General ledgers, journal entries, Credit/Debit notes, budgets, accounts payable, and accounts receivable. Automatic, real-time postings when relevant business events, such as inventory transfer and goods deliveries, occur. Handle taxes conveniently- Sales tax,Vat, Service tax, TDS, Excise Get real time reports - accounts payable, accounts receivable
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Why implement an ERP System?

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To support business goals

Integrated, on-line, secure, self-service processes for business Eliminate costly mainframe/fragmented technologies

Improved Integration of Systems and Processes y Lower Costs y Empower Employees y Enable Partners, Customers and Suppliers
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Advantage of ERP
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One common system - less duplication, more efficient Customer focus - better customer service Open communications among business partners Adherence to standard business practices
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Cont
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Removes need for in-house development Good reporting capabilities Support for multiple currencies and languages.

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Cont
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ERP delivers a single database that contains all data for the software modules across an entire company. People in different departments all see the same information and can update it.

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Disadvantages of ERP
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High cost Forced change of processes Very complex software Lack of trained people Not Internet-ready
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Vendors

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