ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Enterprise resource planning

Updated on December 13, 2014
jayshreebhagat profile image

A businesswoman, homemaker, Blogger, freelance writer and mother of an adorable baby. I am a content creator. I can genuinely do that in any

Source

Enterprise resource planning, more commonly referred to as ERP is an integrated software module system used with an aim of efficient management of a business organization. Basically, any Business, weather small scale, medium scale or large scale consists of the following areas of importance: Information technology, Financial management, distribution of goods/services, employee appraisal and payroll management, raw material purchasing, Human resource management, marketing and sales, quality of services and consumer feedback along with certain other back end functions that a company or organization considers importance, as per it’s individual needs.

An ERP system helps to integrate all these parts or areas of work to bring about a smooth functioning of business processes like: marketing, planning, development, operations and manufacturing etc . ERP systems can very much be customized as per the requirement of individual business at each level.

ERP modules are usually installed at various levels. At each level, the ERP Software module system can be customized to meet the technical requirements at each level. This allows the data at various levels to be collected, analyzed, represented & organized properly. This presentation of data then allows the Businessmen to evaluate the chief performance indicators.

ERP systems are made in order to allow a smooth flow of information between the various units or levels of a business. This allows the business organizations to follow a more data driven decision making. This means that the business decisions are based on data that can be verified. Such an approach often allows a business organization to gain a competitive advantage, over it’s contemporaries. This has been verified by means of conducting various studies and surveys at small scale as well as large scale business level. However, the outcomes of these data driven decisions depend upon the authenticity, quality and correct analysis of the available data.

In large scale business, a team of individuals study, correlate and analyze data to bring about positive growth in business and make all the business processes more organized and profit bearing.

Now a days, ERP system vendors are also coming up with Cloud based, mobile based systems in addition to the in office systems. ERP systems are also sold as a combined package with Customer relationship management and Business intelligence packages.

Source

Ongoing trends in ERP:

1. ERP Systems integrated with social media:

With the growing popularity of social media platforms, business organizations like to integrate their ERP systems with such social media. The efficacy of these systems is yet to be established.

2. Cloud ERP systems

Many business organizations are now moving towards storing their Data on cloud, as opposed to the earlier trends when they were reluctant about storing data online. The many advantages of cloud, one of which is easy accessibility are responsible for its growing popularity amongst people.

Source

3. Cell phone ERP systems

Cell phones have almost become a lifeline these days. Easy access to data from anytime and anywhere is a big advantage. So, ERP makers had to develop systems accessible from mobile devices. Business executives can now access an manage reports, dashboards and other data from their mobile devices.

4. Two tier ERP Systems
Use of a single ERP system to store all the data at all the levels leads to technical difficulties and failures at times. So, two tier ERP systems were introduced. These systems were introduced with the concept that the back end functions can be carried out at some subsidary site apart from the head corporate office.

Two tier ERP software systems are used by companies that are based in multiple geographical locations. Under two tier system, one Legacy application runs at the corporate level. It usually consists of a company's chief / key data bases. All the other software used in the company must be compatible with the legacy application or should be able to import data from the legacy application. The two tier system allows the benefit of installing and using a second ERP system at some other site which is completely integrated with legacy system. This second system can be modified as per the language and regional business model demands to cater to the specific needs at subsidiary level.

Comments

    0 of 8192 characters used
    Post Comment

    • jayshreebhagat profile imageAUTHOR

      Jayshree Bhagat 

      3 years ago from MUMBAI

      thank you for the lovely comment

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)