Understanding about FactsERP & FactsSHARP Answers for the questions to come…
ERP Systems Overview • Introduction to ERP • Create value through integrating activities across organization • Implementation of best practices
• Standardization of processes • One-source data • On-line access to information
Benefits of ERP • Increases speed of information flows • Create value through integration of activities
• Best practices improve operations • Standardization increases efficiency
• One-source data more accurate, easier to access • Better organizational planning • Better communication • More collaboration
Why ERP? • Technical • Integration of computer systems foster consistency, efficiency
• Financial • Integrating applications saves money
• Organizational • All members of organization use same system
My Conception vs. Reality • Integrated System
• In fact, vendors usually sell modules • I Would like to sell full system or rather sell concept • Buyers reduce cost, risk, by starting smaller scale • Risk of converting entire system • Complex cost impact
Best Practices • Firm’s vary in what is best for them
• Business world dynamic • Rigid approach has dangers
• A firm who develops a competitive advantage, they give it up by adopting “best practices”
ERP Supported Functions Financial
Human Res
Operations
Sales & Mkt
Trade & Logistics
Accounts receivable
Time accounting
Inventory
Orders
Procurement (Purchase Cycle)
Asset account
Payroll
MRP
Pricing
Order Processing (Sales Cycle)
Cash forecast
Personnel plan
Prod planning
Sales Mgt
Retail
Cost accounting
Travel expense
Project Mgmt
Sales plan
MIS & Reporting
Exec Info Sys
HR
Purchasing
Inventory Management
Financial consol
Quality Mgmt
Job Costing
General ledger
Shipping
Accommodation Management
Profit analysis
Vendor evaluation
Loan Management
Standard costing
Trade & Logistics
Asset Management
Title and Content Layout with SmartArt
Step 1 Title
Step 2 Title
Step 3 Title
Step 4 Title