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Introduction To ERP System

The document discusses Enterprise Resource Planning (ERP) systems. [1] ERP integrates key business functions like planning, purchasing, marketing, accounting into a single system. [2] Benefits of ERP include improved efficiency, accuracy and productivity by eliminating redundant data entry. [3] Examples of related technologies include supply chain management systems, which help plan and monitor the physical and market components of managing supply and demand.

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Leann Bathan
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30 views2 pages

Introduction To ERP System

The document discusses Enterprise Resource Planning (ERP) systems. [1] ERP integrates key business functions like planning, purchasing, marketing, accounting into a single system. [2] Benefits of ERP include improved efficiency, accuracy and productivity by eliminating redundant data entry. [3] Examples of related technologies include supply chain management systems, which help plan and monitor the physical and market components of managing supply and demand.

Uploaded by

Leann Bathan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ACTIVITY

1. Define what is ERP


Answer:
Enterprise Resource Planning or ERP is a system that is implemented by
companies to support and service their operations. This system is an integrated and
multi-module application software package that is needed to run a company. It
integrates planning, inventory purchasing, marketing, accounting, and other functions.

2. What is your understanding about Enterprise?


Answer:
Enterprise is a profitable business that is operated by an individual/entrepreneur.

3. What do you think are the benefits of ERP systems?


Answer:
Using an ERP system can give various advantages to the company. It can
improve business operations. It will improve the efficiency of the operation. It improves
accuracy and productivity by eliminating the redundancy of the information. They can
improve their business report, they benefit from improved real-time data reporting from a
centralized system. Having a great business report helps them to plan, budget and
communicate appropriately.
4. Can you give an example of related technologies of ERP?
Answer:
One of the related technologies in ERP is Supply chain management / SCM. It
involves supply activities such as planning, execution, management, and monitoring. An
ERP solution handles the physical components of supply, such as storage and
transportation, as well as the market size of successfully managing demand and supply
to satisfy client requests.
5. Why do you think organization should implement for an ERP system?
Answer:
The number one reason for companies to implement the ERP system is to
increase the efficiency of their company. ERP software also enables you to simplify
many of your procedures, resulting in increased efficiency across the manufacturing
process. This implies less duplication, better resource allocation, and less downtime.

References:
What Is Enterprise Resource Planning (ERP)? (2022, September 11). Investopedia. Retrieved

September 19, 2022, from https://www.investopedia.com/terms/e/erp.asp#toc-what-is-enterprise

resource-planning-erp

Deskera. (n.d.). Deskera: Business Software in One - Accounting, Inventory, Invoicing.

RetrievedSeptember 19, 2022, from https://www1.deskera.com/erp-for-supply-chain

management#:%7E:text=Supply%20chain%20management%20(SCM)%20involves,supply%20

o%20meet%20customer%20demands.

Enterprise Resource Planning. (n.d.). O’Reilly Online Learning. Retrieved September 19, 2022,

from https://www.oreilly.com/library/view/enterprise-resource-

planning/9789332524583/xhtml/chapter010.xhtml

Enterprise systems for management / Luvai F. Motiwalla, Jeff Thompson.—

2nd ed.

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