Welcome to Our Group Presentation

PRESENTATION TOPIC

Details About Enterprise Resource Planning Software ( ERP)

SUBMITTED TO

Arifur Rahman Khan Guest Lecturer , Department of Business

Administration.Green University of Bangladesh ( GUB )

SUBMITTED BY

Name ID

Md . Billal Hussan ( Group Leader )

100306012

Md . Maksudul Alom Opu 090306020

Sadia Matin Toma 090206004

Md . Mohaiminul Islam ( Rahul )

120306049

TABLE OF CONTENT

Topic Page

Definition of Enterprise Resource Planning ( ERP )

1-6

ERP Software Modules 2-6

Basic Structure of a Good ERP Solution

3-6

ERP Vendors 4-6

Components of ERP 5-6

Best Practices of ERP 6-6

DEFINITION OF ENTERPRISE RESOURCE PLANNING (ERP)

Investopedia

A process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance, human resources, etc.

DEFINITION OF ENTERPRISE RESOURCE PLANNING (ERP)

Wikipedia Enterprise resource planning (ERP) is

business management software. It shall be differentiate with other software that can handle budget planning, but usually be promoted as a suite of integrated applications so that a business unit can use to store and manage data from every stage of business, including:

Product planning cost and development Manufacturing Marketing and sales Inventory management Shipping and payment

ERP SOFTWARE MODULES

ERP module is focused on one area of business processes, such as product development or marketing. A business scan use ERP software to manage back-office activities and tasks including the following:

Distribution process management, supply chain management, services knowledge base, configure, prices, improve accuracy of financial data, facilitate better project planning, automate employee life-cycle, standardize critical business procedures, reduce redundant tasks, assess business needs, accounting and financial applications, lower purchasing costs, manage human resources and payroll.

Some of the most common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR.

BASIC STRUCTURE OF A GOOD ERP SOLUTION

Flexible: An ERP system has to have modular application architecture. This means that various functionalities are logically clubbed into different business process and structured into a module which can be interfaced or detached whenever required without affecting the other modules. Comprehensive: It should be able to support variety of organizational functions and must be suitable for a wide range of business organizations.

Web-enabled capability: It should not be confined to the organizational boundaries; rather, it should support the on-line connectivity to the other business entities of the organization.

Best business practice: It must have a collection of the best business processes applicable worldwide.

ERP VENDORS

Large Enterprise ERP (ERP Tier I)  The ERP market for large enterprises is dominated by three

companies: SAP, Oracle and Microsoft. (Source: EnterpriseAppsToday; Enterprise ERP Buyer's Guide: SAP, Oracle and Microsoft; Drew Robb)

Mid Market ERP (ERP Tier II)  For the midmarket vendors include Inform, QAD, Lawson, EPCOR,

Sage and IFS. (Source: EnterpriseAppsToday; Midmarket ERP Buyer's Guide; Drew Robb)

Small Business ERP (ERP Tier III)

Exact Globe, Syspro, NetSuite, Visibility, Consona, CDC Software and Activant Solutions round out the ERP vendors for small businesses. (Source: EnterpriseAppsToday; ERP Buyer's Guide for Small Businesses; Drew Robb)

COMPONENTS OF ERP

Transactional database  Management portal/dashboard  Business intelligence system  Customizable reporting  Simple resource planning - Who Is Doing What and When?  Analysing the product  External access via technology such as web services  Search  Document management  Messaging/chat/wiki  Workflow management

BEST PRACTICES OF ERP

Most ERP systems incorporate best practices. This means the software reflects the vendor's interpretation of the most effective way to perform each business process. Systems vary in how conveniently the customer can modify these practices. Companies that implemented industry best practices reduced time–consuming project tasks such as configuration, documentation, testing, and training. In addition, best practices reduced risk by 71% compared to other software implementations.

Use of best practices eases compliance with requirements such as IFRS, Sarbanes-Oxley, or Basel II. They can also help comply with de facto industry standards, such as electronic funds transfer. This is because the procedure can be readily codified within the ERP software, and replicated with confidence across multiple businesses who share that business requirement

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