FOR THE IMPLEMENTATION OF
AN ENTERPRISE RESOURCE PLANNING (ERP) SYSTEM
Table of Contents
INTRODUCTION
What is ERP?
Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application. The purpose of ERP is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders.
Characteristics
ERP (Enterprise Resource Planning) systems typically include the following characteristics:
An integrated system that operates in real time (or next to real time), without relying on periodic updates.
A common database, which supports all applications.
A consistent look and feel throughout each module.
Functional Areas
The following are common functional areas covered in an ERP System. In many ERP Systems these are called and grouped together as ERP Modules:
Financial Management
General Ledger, Fixed Asset, Payables, Receivables, Cash Management, Financial Consolidation
Management Accounting
Budgeting, Costing, Cost Management, Activity Based Costing
Human Resources
Recruiting, Training, Payroll, Benefits, Diversity Management, Retirement, Separation
Manufacturing
Engineering, Bill of Materials, Work Orders, Scheduling, Capacity, Workflow Management, Quality Control, Manufacturing Process, Manufacturing Projects, Manufacturing Flow, Product Life Cycle Management
Supply Chain Management
Supply Chain Planning, Supplier Scheduling, Order to Cash, Purchasing, Inventory, Product Configuration, Claim Processing
Project Management
Project Planning, Resource Planning, Project Costing, Work Break Down Structure, Billing, Time and Expense, Performance Units, Activity Management
Customer Relationship