Saptac: Erp Software
What is ERP and what does it stand for?
ERP is an acronym for Enterprise Resource Planning; a term that is used for business management systems which are designed to integrate the data sources and processes of an entire organization into a unified system. A key element is the use of a single database to store data for the various system modules.
ERP systems utilize components of both computer software and hardware. Traditionally the software is installed at the customer site, but many companies now offer hosted or €cloud' ERP solutions to reduce the up-front and technical costs.
Enterprise Resource Planning (ERP) has evolved from Material Requirements Planning (MRP) as a means for covering all of the basic functions of an enterprise, in addition to production and inventory.
SAP Education partners with variety of Educational Institutions who cater to the needs of industrial standards and area specific to develop and groom individuals in their desired domain areas and already developed knowledge areas. The trend still continues with different SAP ERP Modules developed for business area specific and to bridge the gap between various other areas of interest.
In addition to its ERP products, SAP offers several business analytics applications as part of its Business Objects product line. Business Objects is one of SAP's more notable acquisitions which was announced back in 2007. This acquisition pushed SAP into the business intelligence (BI) leaders circle with IBM, Oracle and Microsoft. They are reinforcing their position with recent innovations such as SAP HANA, their in-memory technology that allows organizations to run queries from multiple data sources in real time.
Components of ERP
Customer Relationship Management (CRM) - Sales Force Automation, Quoting & Estimating, Order Entry
Manufacturing - Forecasting, Material & Production Planning (MPP), Shop Floor Control, Routings, Capacity Planning & Scheduling, Purchasing, Lot/Serial Control, Inventory, Workflow
Supply Chain - Demand Planning, Purchasing, Supplier Management, Purchasing to Jobs/Projects
Financials - Costing, Accounts Receivable (AR), Accounts Payable (AP), General Ledger (GL)
Human Resources - Labor Collection, Payroll, Benefits
Business Performance Management (BPM) - Business Intelligence (BI), Multi-Entity Consolidation, Corporate Governance, Reporting
Engineering & Product Lifecycle Management (EPLM) - Parts & Bill of Materials (BOM's), CAD Interface, Routings, Parts & Product Attributes, Change Management
Business Benefits
- Syncronization - End-to-end business function integration
- Accessibility - All key business information in one place
- Responsiveness - Real-time workflow and reporting tools
- Decisiveness - Informed decision making
- Consistency - Everyone in the company is on the same page
- Efficiency - Elimination of most or all side systems and manual calculations
ERP is an acronym for Enterprise Resource Planning; a term that is used for business management systems which are designed to integrate the data sources and processes of an entire organization into a unified system. A key element is the use of a single database to store data for the various system modules.
ERP systems utilize components of both computer software and hardware. Traditionally the software is installed at the customer site, but many companies now offer hosted or €cloud' ERP solutions to reduce the up-front and technical costs.
Enterprise Resource Planning (ERP) has evolved from Material Requirements Planning (MRP) as a means for covering all of the basic functions of an enterprise, in addition to production and inventory.
SAP Education partners with variety of Educational Institutions who cater to the needs of industrial standards and area specific to develop and groom individuals in their desired domain areas and already developed knowledge areas. The trend still continues with different SAP ERP Modules developed for business area specific and to bridge the gap between various other areas of interest.
In addition to its ERP products, SAP offers several business analytics applications as part of its Business Objects product line. Business Objects is one of SAP's more notable acquisitions which was announced back in 2007. This acquisition pushed SAP into the business intelligence (BI) leaders circle with IBM, Oracle and Microsoft. They are reinforcing their position with recent innovations such as SAP HANA, their in-memory technology that allows organizations to run queries from multiple data sources in real time.
Components of ERP
Customer Relationship Management (CRM) - Sales Force Automation, Quoting & Estimating, Order Entry
Manufacturing - Forecasting, Material & Production Planning (MPP), Shop Floor Control, Routings, Capacity Planning & Scheduling, Purchasing, Lot/Serial Control, Inventory, Workflow
Supply Chain - Demand Planning, Purchasing, Supplier Management, Purchasing to Jobs/Projects
Financials - Costing, Accounts Receivable (AR), Accounts Payable (AP), General Ledger (GL)
Human Resources - Labor Collection, Payroll, Benefits
Business Performance Management (BPM) - Business Intelligence (BI), Multi-Entity Consolidation, Corporate Governance, Reporting
Engineering & Product Lifecycle Management (EPLM) - Parts & Bill of Materials (BOM's), CAD Interface, Routings, Parts & Product Attributes, Change Management
Business Benefits
- Syncronization - End-to-end business function integration
- Accessibility - All key business information in one place
- Responsiveness - Real-time workflow and reporting tools
- Decisiveness - Informed decision making
- Consistency - Everyone in the company is on the same page
- Efficiency - Elimination of most or all side systems and manual calculations
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