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Characteristics of Enterprise Resource Planning (ERP)

If you feel as if your production facility is failing to meet production schedules and you are experiencing overstock or high costs, then you may be considering investing in anu00a0enterprise resource planning (ERP) systemu00a0to alleviate these issues. <br>Enterprise resource planning (ERP) has become a necessity among manufacturing facilities that are seeking to maintain their competitive edge against other production facilities.<br>

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Characteristics of Enterprise Resource Planning (ERP)

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  1. Characteristics of Enterprise Resource Planning (ERP)

  2. Introduction • If you feel as if your production facility is failing to meet production schedules and you are experiencing overstock or high costs, then you may be considering investing in an enterprise resource planning (ERP) system to alleviate these issues. • Enterprise resource planning (ERP) has become a necessity among manufacturing facilities that are seeking to maintain their competitive edge against other production facilities.

  3. There are three main reasons why companies choose to implement an ERP system into their organization: • To integrate financial data - An ERP system creates a single version of the truth to align everyone in the company in terms of costs and revenues. • To standardize manufacturing processes - An ERP system ensures that different units are using the same business processes to save time and increase productivity. • To standardize HR information - An ERP system can help large companies have a standard way of tracking employee time and share benefits and services offered.

  4. Four Characteristics of Enterprise Resource Planning (ERP) Modular Design  • The modular design of an ERP system incorporates distinct business modules such as manufacturing, financial, accounting, and distribution. • Each module takes care of various functions of a particular section or department within your organization. • This ultimately will enlarge the operational transparency provided for by the standard interface. These separate modules work in real-time with online and batch-processing capabilities.

  5. Central Common Database  • Implementing a common centralized database management system, which is also called a DBMS, is an important characteristic of an advantageous ERP system. • All data is entered and stored only once and then utilized by all departments simultaneously which helps eliminate data-entry errors and other flaws associated with using a distributed database.

  6. Flexible and Open Database  • Organizations are almost always dynamic in nature, which is where ERP systems offer flexibility to respond to the changing needs of the enterprise. • These systems have an open system architecture, allowing them to attach or detach any module as and when required without affecting the other modules. • An advantageous ERP system should support connectivity to other business entities within the organization and shouldn’t be confined within the boundaries of a manufacturing facility. 

  7. Automatic Generation of Information  • An ERP system provides business intelligence tools such as executive information systems, decision support systems, easy warning systems, and more. • These tools help manufacturing operations to make data-based decisions that pertain to their overall production process. • All financial and business information will be automatically generated from the data that is found in the centralized database of the ERP system.

  8. The main problem with ERP software is that, despite its multitude of functions, it lacks the strategic decision-making functions that an Advanced Planning and Scheduling system has. • Though an ERP and an APS system can be used independently, they work best when combined together. Without an ERP system, an APS application cannot perform rapid decision-making functions when changes are made in supply, demand, and manufacturing processes. • For companies specializing in manufacturing, logistics, and distribution, a real-time analysis and simulation function offered by an APS system is necessary to keep costs low and efficiency high.

  9. Our Services • Don’t know where to start while deciding to shift to a more advanced ERP system? Confused about the customization capabilities of different ERP softwares? Not sure how to estimate the costs involved, and what to check in the product demo? • We’ll take the stress out of project managing your ERP implementation by: • Helping you pick a suitable ERP software (after assessing your business needs and requirements) • Negotiating license costs with the implementation vendor. • Preparing your team for change management (which is no joke). • Creating BRD and automating processes – you can rely on our expertise to implement the perfect ERP for your company. • Evaluate How to Optimize the Functionality & Cost of Your ERP with our ERP migration consultants, Book your FREE call Now at below link- https://contetra.com/erp-implementation-solutions/

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