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• NAME MD. JUBAYER ALAM• ID NUMBER: - 142 006 072• SECTION: - (2)• SEMISTER: -01th

• DEPARTMENT: - BUSINESS ADMINISTRATION

• PRPGRAM:-BBA

Topics

TOPIC – ENTERPRISE RESOURCE PLANNING (ERP)

WHAT IS ERP

• Enterprise resource planning (ERP)• Enterprise resource planning (ERP) is a business

management software usually a suite of integrated applications that a company can use to collect, store, manage and interpret data from many business activities, including:-Product planning, cost and development Manufacturing or service delivery Marketing and sales Inventory management Shipping and payment ERP provides an integrated view of core business processes, often in real-time, using common databases maintained by a database management system..

• ERP systems track business resources cash, raw materials, production capacity and the status of business commitments: orders, purchase orders, and payroll. The applications that make up the system share data across the various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP facilitates information flow between all business functions, and manages connections to outside stakeholders

• Enterprise system software is a multi-billion dollar industry that produces components that support a variety of business functions. IT investments have become the largest category of capital expenditure in United States-based businesses over the past decade. Though early ERP systems focused on large enterprises, smaller enterprises increasingly use ERP systems. The ERP system is considered a vital organizational tool because it integrates varied organizational systems and facilitates error-free transactions and production. However, ERP system development is different from traditional systems development. ERP systems run on a variety of computer hardware and network configurations, typically using a database as an information repository.

HISTORY• History• Origin of "ERP"In 1990, Gartner Group first used the acronym

ERP as an extension of material requirements planning MRP), later manufacturing resource planning and computer-integrated manufacturing. Without replacing these terms, ERP came to represent a larger whole that reflects the evolution of application integration beyond manufacturing.

• Not all ERP packages developed from a manufacturing core. Vendors variously began with accounting, maintenance, and human resources. By the mid–1990s ERP systems addressed all core enterprise functions. Governments and non–profit organizations also began to use ERP systems.

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• NAME MD. Sheikh shahriar Arif• ID NUMBER: - 142006082• SECTION: - (2)• SEMISTER: -01th

• DEPARTMENT: - BUSINESS ADMINISTRATION

• PRPGRAM:-BBA

Advantages

• Allows easier global integration (barriers of currency exchange rates, language, and culture can be bridged automatically)

• Updates only need to be done once to be implemented company-wide

• Provides real-time information, reducing the possibility of redundancy errors

• May create a more efficient work environment for employees[4]

• Vendors have past knowledge and expertise on how to best build and implement a system

• User interface is completely customizable allowing end users to dictate the operational structure of the product

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Disadvantages

• Locked into relationship by contract and manageability with vendor - a contract can hold a company to the vendor until it expires and it can be unprofitable to switch vendors if switching costs are too high

• Inflexibility - vendor packages may not fit a company's business model well and customization can be expensive

• Return on Investment may take too long to be profitable

• Implementations have a risk of project failure

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• NAME MD. Md. Shahin Alam• ID NUMBER: - 142006015• SECTION: - (2)• SEMISTER: -01th

• DEPARTMENT: - BUSINESS ADMINISTRATION

• PRPGRAM:-BBA

ERP Software Modules

• ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing. A business can use ERP software to manage back-office activities and tasks including the following:

• Distribution process management, supply chain management, services knowledge base, configure, prices, improve accuracy of financial data, facilitate better project planning, automate employee life-cycle, standardize critical business procedures, reduce redundant tasks, assess business needs, accounting and financial applications, lower purchasing costs, manage human resources and payroll.

• Some of the most common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR.

• As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP in to other business activities and may incorporate modules for CRM and business intelligence , presenting it as a single unified package.

•The basic goal of using an enterprise resource planning system is to provide one central repository for all information that is shared by all the various ERP facets to improve the flow of data across the organization.

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