ERP stands for Enterprise Resource Planning, which integrates business processes across an organization through standardized systems. ERP is needed to integrate different business processes, standardize systems across locations, provide overall organizational control, improve business process management, enhance reporting, and optimize the use of resources like people, equipment, and materials. Some major ERP products in the market include SAP, Oracle, Baan, PeopleSoft, JD Edwards, and Marshell.
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1. Introduction to ERP
What is ERP?
ERP: Enterprise Resource and Planning
Why we need ERP?
1. Integration of Business Process
2. Standardization of systems across locations
3. For overall control of organization
4. Better controlling of different business processes
5. Better reporting systems
6. Best utilization of resources ie, Man, Machine, and material
ERP Products in the Market
SAP: with more than 60% of market share
Oracle
Baan
People soft
JD Edward
Marshell
Etc..