Elements of an Enterprise Resource Planning (ERP) System

ERP systems are comprised of software programs and ERP consulting services which tie together all of an enterprise's various functions -- such as:

1. Finance
2. Manufacturing
3. Sales, Supply Chain
4. Human resources

(ERP consulting services are critical for the successful implementation of an ERP system.)

The software provides for the analysis of the data from these areas to plan production, management inventory, forecast sales and analyze quality. Today many organizations are realizing that to maximize the value of the information stored in their ERP systems, it is necessary to extend the ERP architectures to include more advanced reporting, analytical and decision support capabilities. This is best accomplished through the application of data warehousing tools and custom engineering services.

Business Drivers that cause a company to implant an ERP system

1. Greater Customer Satisfaction
2. Business Growth
3. Higher Profit Margins
4. Data analysis and better decision making
5. Employee and work group productivity

Benefits of ERP

1. Better Customer Service
2. Integration of Financial Data
3. Integration of Manufacturing Data
4. Standardization of Manufacturing Process
5. Improved Manufacturing efficiency
6. Standardization of HR Information
7. Better control and use of inventory
8. Relevance and accuracy of costing systems