Enterprise Resource Planning (ERP)
ERP permits the firm to make integration among all the department in terms of information and this information have been collected with the help of human resources.
The main purpose of this department is to keep information accessible timely to avoid the miscommunication among the department. We can understand the concept of enterprise resource planning with the help of an example.
Firm A have taken an order to provide a finished product to party B on a specific date and he purchased raw material from C then information will be flown in a way that raw material can be provided him timely so that he can provide the product to B on the specified date.
There are various modules of the ERP are available and vary with the requirements of the organization.
Different styles of module for the creating enterprise resource coming up with area unit out there like engineering knowledge management (bill of materials, method set up and work center data); sales, purchase, and inventory (sales and distribution, inventory and purchase);
all the term incorporates a totally different demand of the module to develop ERP. Material demand coming up with (MRP) is another reasonably the resource coming up with the module. Resource flow management (production programming, finance, and human resources management); works documentation includes work order, look order unleash, material issue unleash and route cards for elements and assemblies);
Enterprise Resource management is the process of flowing information from one department to another to ensure the proper information by avoiding the miscommunication with the proper formulation of the documentation activity.
If a company is making its business globally then the process of documentation increases and become more critical. To execute proper information there should be a proper Management information system so that security of the information and timely delivery of the information.
The model of ERP includes some specific are as follows finance (treasury management, enterprise control, financial accounting, Financial management and asset management), logistics (production planning, materials management, plant maintenance, inventory management, quality management, project systems, sales and distribution), human resources (personnel management, Program conduction for the employees skill development, and skills inventory) and workflow (integrates the entire enterprise with flexible assignment of tasks and responsibilities to locations, positions, jobs, groups or individuals).
Enterprise Resource Planning (ERP) Homework Help