ENTERPRISE RESOURCE PLANNING (ERP)

Enterprise Resource Planning or ERP is a system that is used to combined all of the information or operations of a company into a single unit...their standard system will utilize both computer hardware and software in order to achieve this....the most important parts of the ERP system is the central database and used to store information from various modules....the goal of ERP is to unify the various functions of an institution but it also not simply limited to corporations and commonly used by non-profit organizations,government agencies and other institutions....it must meet a certain requirement in order to be recognized as an ERP....now i want to describe the summary of importance of ERP.......an ERP is important tool in our world of today...when business processes are streamlined into a single unify unit, the company will operate at a higher level and automatically lead to higher level of productivity and turn to more profits....ERP also is greater levels of information flow along with a higher quality of information and that will be able rapidly transfer information from one place to another and thus act on the data within a short period of time....

Futhermore, ERP also allows a company to effectively manage its inventory..for example, when the products are manufactured, it will be done with a higher level of precision....this technology also can make the cost more lower....the money saved by the organization can be used to invest in new products or marketing strategies..ERP also allows a company to become highly flexible...means the company able to quickly adapt to changes that occur in the market....flexibility is very important today because if an organization is not flexible, it will be difficult for them to stay competitive....besides that, the most important of ERP is the implementation of software....in dealing with software issues, ERP can also help companies integrate their operations...at the same time, it is important to realize that there are a number of challenges involved with utilizing ERP and maybe it will be costly.....ERP tools are outside the price range of many organizations.....all this are the importance of ERP.....that's all for this chapter.....tq