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Enterprise Resource Planning

ERP is the acronym of Enterprise Resource Planning and the definition implies a conglomeration of multi-module applications software packages, which integrate activities of different functional departments. Confused?  Let’s break it down a little bit.

First off it is important to know that the term ERP entails not only the software aspects, but also an effective combination of business strategies, users and the hardware that is required to run the ERP software.  

eAlliance and Oracle have developed a program called XPressERP. It is a simple, low cost and complete Enterprise Resource Planning solution for smaller and medium sized companies utilizing the Oracle 11i e-Business Suite of Enterprise Applications. The XPressERP allows you to tailor your solution to your specific business, increasing efficiency and allowing easy access to critical business information.

 

The information mode available through an ERP system provides visibility for key performance indicators required for meeting corporate objectives. ERP software applications can be used to manage product planning, parts purchasing, inventories interacting with suppliers, providing customer service, and tracking orders. ERP can also include application modules for the finance and human resource aspects of business. Typically, an ERP system uses or is integrated with a relational database system.


Benefits of ERP

ERPs are cross-functional and enterprise-wide systems which handle manufacturing, HR management, order entry, accounts receivable and payable, general ledger, purchasing, warehousing, transportation, etc for an organization.  Unlike popular beliefs, ERP system is not a part of back office systems as it deals with customers as well as other people. ERP systems attempt to cover all the basic operations of any given organization like NPOs, NGOs, government agencies, private corporations, etc.  ERP systems enable companies to better understand their business, standardize business processes and enact best practices.


Owing to the wide scope of application within a business, the ERP software systems are a bit complex in nature and usually impose some changes on the work culture of the employees.  Implementing ERP software generally requires specialized knowledge and hence it is more cost effective (even for smaller projects) if specialized ERP implementation consultants are employed.  Moreover, as the companies are using ERP, it is easier to remove the requirement for external interface between the independent applications.  ERP also induces lower maintenance cost, standardization of operating procedures and increased efficiency in reporting capacities owing to the storage of all data in a common location.


As the industry analysts foresee, more and more companies will come to use ERP software, irrespective of their sizes and the rapid evolution of ERP.

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