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Further
Reading ...
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Brand Your Consulting Brilliance - Robert Moment
Today's competitive marketplace for consulting services is no longer responsive to the marketing strategies that worked in the past. The services you provide should speak volumes about your consulting business. Think about what happens when you...
How Do You Put a Value on Your Time? - Janice D Byer MVA
As a small business owner, does the following paragraph sound familiar to you…? “Other than doing the technical ‘fix-its’ with my computer…I do it all! I have found that this keeps me very limited in growing my business and taking on new clients. I...
A Simple Sales Strategy: Talk to Yourself! - Tessa Stowe
You are about to speak to a potential client, go to a networking meeting or give a presentation. What should you be saying to yourself in those few minutes beforehand? If you spend that time saying what I propose below, you will effortlessly and...
Simple Reasons Rent to Own Situations May be For You - Mike Katz
A common avenue for buyers and sellers lately has been the lease purchase road to easy transitions. For buyers this has creating a nice period and goals to establishing stronger credit with a real project in mind to inspire this. The idea of working...
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ERP (Enterprise Resource Planning) Overview
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Written By:
Exforsys.com
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ERP (Enterprise Resource Planning) Overview covers What is
ERP, Brief history of ERP, Why is it necessary, Market
Leaders and the future of ERP.
What is ERP?
Enterprise Resource Planning or ERP is an industry term for
integrated, multi-module application software packages that
are designed to serve and support multiple business
functions. An ERP system can include software for
manufacturing, order entry, accounts receivable and payable,
general ledger, purchasing, warehousing, transportation and
human resources. Evolving out of the manufacturing industry,
ERP implies the use of packaged software rather than
proprietary software written by or for one customer. ERP
modules may be able to interface with an organization's own
software with varying degrees of effort, and, depending on
the software, ERP modules may be alterable via the vendor's
proprietary tools as well as proprietary or standard
programming languages.
Brief History of ERP
The focus of manufacturing systems in the 1960's was on
Inventory control. Most of the software packages then
(usually customized) were designed to handle inventory based
on traditional inventory concepts. In the 1970's the focus
shifted to MRP (Material Requirement Planning) systems that
translated the Master Schedule built for the end items into
time-phased net requirements for the sub-assemblies,
components and raw materials planning and procurement.
In the 1980's the concept of MRP-II (Manufacturing Resources
Planning) evolved which was an extension of MRP to shop
floor and Distribution management activities. In the early
1990's, MRP-II was further extended to cover areas like
Engineering, Finance, Human Resources, Projects Management
etc i.e. the complete gamut of activities within any
business enterprise. Hence, the term ERP (Enterprise
Resource Planning) was coined.
Why is it Necessary?
By becoming the integrated information solution across the
entire organization, ERP systems allow companies to better
understand their business. With ERP software, companies can
standardize business processes and more easily enact best
practices. By creating more efficient processes, companies
can concentrate their efforts on serving their customers - continued below ...
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continued ...
and
maximizing profit.
Market Leaders
The top five ERP vendors, SAP, Oracle Corporation,
Peoplesoft, Inc. (now Oracle Corp.), JD Edwards & Company,
and Baan International, account for 64 percent of total ERP
market revenue. These vendors continue to play a major role
in shaping the landscape of new target markets, with
expanded product functionality, and higher penetration
rates. SAP dominates the $6.7 billion ERP applications
market in Europe with 39% market share. Oracle and
PeopleSoft come second and third respectively, followed by
SAGE Group and Microsoft Business Solutions.
The Future of ERP
Industry analysts expect that every major manufacturing
company will buy the software, which ranges in cost -- with
maintenance and training -- from hundreds of thousands of
dollars for a small company to millions for a large company.
AMR Research of Boston says consolidation among the major
players will continue and intensify. ERP vendors are
expected to put more effort into e-commerce, CRM and SCM
initiatives, with leaders redirecting between 50% and 75% of
their R&D budget to these projects.
According to Gartner research group, the rapid evolution of
ERP has already lead to a new corporate must-have, ERP II,
which is supposed to help businesses gain more competitive
edge in the future. The major difference is that ERP II
involves collaborative commerce, which enables business
partners from multiple companies to exchange information
posted on eCommerce exchanges.
In the next tutorial we will talk about popular ERP Products
and the Modules and Application related to them.
For more visualization of this article along with the screen shots and more visit with step by step instructions, http://www.exforsys.com/content/category/17/260/342/
About the Author
Exforsys is a community of developers specializing in C, C++, C#, Java, J2EE, .NET, PeopleSoft, SAP, Siebel, Oracle Apps., Data warehousing, Oracle/SQL Server/DB2 and Testing. Please visit http://www.exforsys.com for more tutorials and for Interview questions http://www.geekinterview.com is an open database.
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LocalNews.Biz Launches Local News Web Site - Janine Sadkin
LocalNews.Biz is a resource for free press releases for small business and individuals. December 14, 2004 - LocalNews.Biz was launched in South Florida as a free press release resource for small businesses and individuals to share their local news,...
Ten Effective Ways To Reduce Your Business Costs - Dan Brown
Business cost for everyone can get out of control very fast. Here's ten simple yet POWERFUL ways to reduce cost that can have a GREAT effect on the health of your business. 1. Barter If you have a business you should be bartering goods and...
Aging Demographics – The Other Super Secular Trend - Henry To CFA
The Dow Theorists (and yours truly) have always emphasized that the most profitable way to invest in the stock market for the average American is to invest in harmony with the primary trend. In Dow Theory terms, this would mean investing in a period...
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