An introduction of ERP will discuss the definition, benefits and disadvantages of an Enterprise Resource Planning system. ERP is a combination of technology and business management which integrates with the core business of the organization to achieve the goals. Information technology has had a major impact on the businesses. ERP uses information technology to improve the performance of an organization. Introduction of ERP has led to it being the most widely implemented software in many industri
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The Enterprise Resource Planning system includes integrated functionality of modules like Manufacturing, Supplier and Purchase, Plant Maintenance, Human Resource Management, Sales and Distribution, Finance Resource Management, etc. Due to this feature of ERP, it can easily adapt to the operational execution style and make it more efficient. It connects the various departments, suppliers and customers under one central system. The features of ERP can be utilized to realize the benefits of the sys
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Enterprise Resource Planning system implementation streamlines the internal business processes and enables smooth flow of information between the various departments. The benefits of ERP are many and can be seen in the areas of management control, strategic planning and operational control. ERP system facilitates the day to day management, aids in reducing the costs and supports strategic planning. Some of the benefits of ERP are as below:

1. Efficiency: The new ERP system implementation elim
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Enterprise Resource Planning involves applications which collectively function to assist in all the cardinal areas of management process. Choosing the right way of implementing ERP is as important as choosing the right software. ERP implementation methodologies should be discussed with the vendor so as to use the best suited method. Some of the various ways of implementation are the Phased rollout, the Big bang method and the Parallel adoption. To choose the appropriate method of ERP implementat
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Organizations are implementing Enterprise Resource Planning system to streamline their internal business process and for smooth flow of data between the different functional departments like inventory, purchase, production, accounts, etc. The different functional modules of the ERP software look after the respective functional department. Some of the functional modules in the ERP are as follows:

1. Production Planning Module: The Enterprise Resource Planning system has evolved from Material R
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