ERP

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ERP

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ERP

(1) (Energy-Related Product) A European Union designation for devices that use or save energy. Originally an "energy-using product" (EuP).

(2) (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ERP modules may be able to interface with an organization's own software with varying degrees of effort, and, depending on the software, ERP modules may be alterable via the vendor's proprietary tools as well as proprietary or standard programming languages.

An ERP system can include software for manufacturing, order entry, accounts receivable and payable, general ledger, purchasing, warehousing, transportation and human resources. The major ERP vendors are SAP, Oracle (PeopleSoft and J.D. Edwards), SSA Global (Baan) and Microsoft. Lawson Software specializes in back-end processing that integrates with another vendor's manufacturing system.

Small Business Advantages of ERP
According to Oracle's NETSUITE white paper, there are seven ways a small business benefits from ERP. The headlines describing the benefits are (1) enables remote workforce management and collaboration, (2) complies with regulatory requirements, (3) gives all departments a unified picture of the business, (4) drives quick reaction times, (5) reduces operational risk, (6) tracks unit economics, customer and project profitability, and (7) helps companies scale and adapt. See CRM, SAP, PeopleSoft, J.D. Edwards, Baan, Microsoft Dynamics, sales force automation, supply chain management and NRP.

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References in periodicals archive

This examination report arranges the worldwide Distribution ERP Software market by top players/brands, region, type and end client.

Distribution ERP Software Market 2019: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2025

ERP first gained prominence by combining enterprise functions such as financials, manufacturing planning, procurement and order entry into one integrated suite.

ERP in the age of omni-channel: In recent years, enterprise resource planning solutions have lost some luster, even being called "back office" systems. They're useful for financials, procurement and transactions, but can ERP drive omni-channel fulfillment? The short answer is "yes."

"The Epicor ERP cloud solution stood out clearly for us as having strikingly granular flexibility and impressive scalability," said Sameh Awad, Director at General International Group.

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Another comprehensive definition for ERPII underlined that it "extends the foundation ERP system's functionalities such as finances, distribution, manufacturing, human resources and payroll to customer relationship management, supply chain management, sales-force automation, and Internet-enabled integrated e-commerce and e-business" (IGI-global, 2017).

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There should be no need for business reengineering with ERP-the question businesses must ask of ERP vendors is: Do you fit into my ecosystem, process flow and industry sector?

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Commenting on the central role that the Epicor ERP solution will play in Patcham's future business growth, Parth continued, "Since our inception in 1994 we have steadily grown into a leading supplier of specialty additives to customers in the paint and coatings, ink, polyvinyl chloride (PVC), and composites industries.

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"With ePROMIS ERP the decision makers are getting a holistic and customized view of business data for better analysis, decision-making, and reporting," said Joseph Peter, ePROMIS' Senior Project Manager who headed the implementation.

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This integration aims to promote 'Connected Banking' and enables ICICI Bank's current account holders to securely connect their bank account with the MARG ERP software and undertake an array of digital transactions from within the ERP platform itself.

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Enterprise Resource Planning (ERP), as a label, was basically introduced by The Gartner Group in 1990, as an alteration to previous systems' names that were mentioned as Manufacturing Resource Planning (MRP-II).

Enterprise Resource Planning Systems and Quality's Effect On Individual's Performance

Chitwan, Nepal, December 07, 2017 --(PR.com)-- Vidya ERP is the cloud-based ERP system for the school, college and university management system developed by Unelma Platforms Pvt.

Unelma Platforms Launches Novel and Free Education Platforms Called Vidya ERP for Nepal: Vidya.Software