Published on Sep 03, 2020
ERP is an application software and utilization paradigm by which an organization can integrate its diverse functions. ERP is structured such that, if one part of an organization’s working impacts another part, the impacted departments information base gets altered automatically and ensuring that the departments function in tandem, and not in isolation as they usually do An ERP system is an integrated solution, sharing a centralized database, with all ‘users’…
Human Resources / Payroll / Benefits, E-procurement, Accounting, Budgets, etc. being served by the same database through one point of entry.
Data need only be entered or updated once, reducing errors, time and labor for reports, analysis, planning and program management. Ultimately, time and resources are shifted to innovating, problem solving and direct service to customers rather than inputting, processing, organizing, verifying and related “busy work” that burns through time and money.
Online ERP is the web-enabled front-end for the company wide ERP software. Users are provided with web-based information and a central and uniform data basis. A Workflow Management System ensures targeted and secure user guidance through the required business processes. The online ERP software, needs the permanent availability of user-specific Internet applications is ensured.
The online Enterprise resource planning software forms the backbone of business systems in manufacturing firms and many other businesses. The online ERP solution for the users are a strategic and coherent approach to the management of organizations for providing facilities such as loans to the customers or giving credit to the suppliers or to reflect their financial status in the respective industrial environment. It is the most valuable asset for the people working there who are responsible both - individually and collectively for the achievement of the organization’s goals.
NEED FOR ERP
As defined by professionals financial loans under various banking systems are having a lack of implementing effective strategies. But this seeks to obtain competitive advantage through the strategic development of highly committed & skilled workforce using an array of personal techniques.
It is concerned with the employment, development, and the reward of people in organization and conduct of relations between the user needs and the financial systems. It involves all people of different line and length as well as the end users, which can specifically exist to make important contributions to the process involved.
AIM/OBJECTIVES OF THE SYSTEM
THE PROPOSED ONLINE SYSTEM HAS TO integrate all facets of the business, including planning, manufacturing, sales, and marketing. As the ERP methodology has become more popular, there is a need of emergence of software applications that helps business managers implement ERP in business activities such as inventory control, order tracking, customer service, finance and human resources. The objectives are listed below:
Challenging the suitability of existing business software systems
Developing software long-lists for replacement projects
Challenging the validity of short lists during replacement projects