Enterprise Resource Planning Software is a technology which automates the processes of the organization. It leads to a change in the attitude and behaviour of the organization of the people from a task oriented approach to process oriented approach. Usually ERP software caters to long term needs of the business enterprises. ERP consists of these three features:
- Without the requirement of batch updates, it integrates and functions in real time.
- Instances of multiple definitions of data generating are prevented as it allows all applications to access a single database.
- Users can access any information at any time without the Information Security Department intervening.
Today, the ERP systems have expanded beyond manufacturing and introduced to the finance, healthcare, hotel chains, education, insurance, retail and telecommunication sectors. ERP is the new price of entry for running a business. The ERP software is a tool for increasing the performance level of a supply chain network. This software has become one of today's largest IT investment all over the world. It allows companies to gather and compile all their departmental information.
If a business aims to gain more profits, through cost efficiency, a streamlined and automated purchasing dept. will provide rapid and consistent improvements. The ancient process of manual requisitions procedure which included a lot of errors is now practically error free application in the automated material management of ERP systems software.
Implementation process of this software is a very critical task as it takes planning, management and business factors to make it as an effective tool for any organization. The implementation and customization of this ERP is otherwise a very complicated task if the help from an expert isn't taken.
The cost of its implementation depends on various aspects like the type of hardware, software maintenance, internal cost, the vendor charges and on hidden costs. ERP Software Solutions vary, but are needed by all kinds of organizations. From small to mid-sized industries which require a closed loop enterprise solution to plan and manage their resources and operations. Real time web accessibility is also provided by the software. These solutions offer advanced lot and serial control and engineering documents which are inclusive of shop floor control and graphical billing of materials.