Enterprise Resource Planning

ERP stands for Enterprise Resource Planning. It refers to a type of software that organizations use to manage and integrate various aspects of their business processes. ERP systems are designed to streamline and automate workflows, facilitate data flow between different departments, and provide real-time information across the organization.

Key features of ERP systems include:

Integrated System: ERP integrates different business processes and functions, such as finance, human resources, manufacturing, supply chain, customer relationship management (CRM), and more into a single unified system.

Centralized Database: ERP systems use a centralized database to store and manage data from various departments. This allows for consistent and accurate information across the organization.

Automated Processes: ERP software automates routine tasks and business processes, reducing the need for manual data entry and improving efficiency.

Real-time Reporting and Analytics: ERP systems provide real-time insights and reporting capabilities, allowing organizations to make informed decisions based on up-to-date information.

Improved Communication: With data shared across departments in real-time, communication and collaboration between different teams become more effective.

Compliance and Security: ERP systems often include features to ensure compliance with regulations and industry standards. They also typically have security measures to protect sensitive business data.

Scalability: ERP systems are designed to grow with the organization. They can scale to accommodate increased data, users, and business complexity.

Implementing an ERP system can lead to various benefits such as increased operational efficiency, better decision-making, improved customer service, and enhanced competitiveness. However, ERP implementations can be complex and require careful planning and execution to be successful.

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2. Notre Dame University Bangladesh Presented By: Prapti Das-201120008 Rup Chowdhury-201120010 Aysha Siddiqua Khanam-182120005 Presented To: Dr. Fernaz Narin Nur Associate Professor, Department of CSE Notre Dame University Bangladesh 2

3. Outline Introduction Why ERP? Key Features of ERP Benefits of ERP Real life example of ERP Three main reasons firms adopt ERP ERP fit with E-commerce ERP in Supply Chain How do companies organize their ERP projects ERP Project progress The Hidden Costs of ERP Risks with ERP implementation Why ERP fails? Conclusion 3

4. Business Money Manpower Material Machinery Marketing Methods Effective application & optimization of resources Enterprise Resource Planning One stop destination for a company’s central processes. Introduction 4

5. 01 03 04 02 05 Integrate financial information . Integrated customer order information. Standardize and speed up operations processes . Reduce inventory. Standardize Human Resource information . 5

6. Key Features of ERP 6

7. Benefits Of Enterprise Resource Planning 7

8. Utilizes Data Security and Quality Expands Collaboration and Workflows Facilitates Regulatory Compliance Modifies Supply Chain Management Strengthens Customer Service 8

9. 9 Real life example of ERP

10. 10 The company “ Walmart ” uses SAP ERP to manage its global supply chain. This system helps Walmart to track inventory levels, forecast demand, and optimize transportation routes. As a result, Walmart is able to deliver products to its stores more quickly and efficiently, which has led to increased sales and profits. How ERP benefited the company: Increased efficiency and productivity Improved decision-making Reduced costs Enhanced customer service Improved compliance Company: Walmart Industry: Retail ERP System: SAP

11. 11 Company: Starbucks Industry: Retail System: Oracle ERP Starbucks is a global coffeehouse chain with over 30,000 stores in over 80 countries. The company uses Oracle ERP to manage its supply chain, finance, human resources, and other business operations. How ERP benefited the company: Increased efficiency and productivity Improved decision-making Reduced costs Enhanced customer service

12. Three main reasons firms adopt ERP 12 Integrate financial data Standardize HR information Standardize manufacturing process

13. ERP fit with e-commerce Orders Customers 02 01 03 04 05 06 Invoices & payments Shipping Products & Inventory Return 13

14. 14 Raw Material Customer Supplier Manufacturing Distribution

15. How Do Companies Organize Their ERP Projects? The Big Bang Big bang adoption is a hardware or software migration method that involves getting rid of the existing system and transferring all users to the new system simultaneously. Franchising Strategy This approach suits large or diverse companies that do not share many common processes across business units. Slam Dunk ERP dictates the process design in this method, where the focus is on just a few key processes, such as those contained in an ERP system’s financial module. 15

16. Project Preparation Project Objectives Project Plan & Concept Project Team ERP Software Selection Requirements Market Testing Requirement Performance Specifications Procurement ERP Implementation Data Migration Key-User Training Test Phase Staff Training Real Start ERP Project Progress 16

17. The Hidden Costs of ERP Training. Integration and Testing. Data conversion. Data analysis. Consultants ad infinitum. Replacing your best and brightest. Implementation teams can never stop. Waiting for ROI. Post ERP depression. 17

18. Risks With ERP Implementation Expensive (can costs 100 thousands to millions of dollars). Time-consuming (can take months to years) Great risk for Organization Transfer of Knowledge Acceptance with the company 18

19. 19 Wrong Decision Management Issues Consultants Dependency Lack of Resources Improper Planning Insufficient Testing Why ERP Fails?

20. Conclusion: ERP is a software system that integrates all the core processes of an organization, such as accounting, manufacturing, sales, and human resources. ERP systems can help organizations improve efficiency, productivity, and decision-making. There are many factors to consider when choosing an ERP system, such as the size and complexity of your organization, your industry, and your budget. It is important to choose an ERP system that is right for your specific needs. The implementation of an ERP system can be a complex and time-consuming process. It is important to have a well-defined plan and to involve all stakeholders in the implementation process. 20

21. https://paginas.fe.up.pt/~mgi00011/ERP/abcs_of_erp.htm https://www.slideshare.net/khaledalhalabee/enterprise-resource-planning-234368353?from_search=1 https://www.oracle.com/erp/what-is-erp/ https://www.slideshare.net/RahulSinghRoop/erp-enterprise-resource-planning-230648882 https://www.slideshare.net/SiddharthModi1/complete-knowledge-of-enterprise-resource-planning-best-ppt https://www.slideshare.net/SONYGURI/erp-ppt-45210884 https://www.slideshare.net/makansinghchauhan/enterprise-resource-planning-25849401 https://www.selecthub.com/enterprise-resource-planning/difference-between-scm-erp/#6 https://www.magestore.com/blog/erp-in-supply-chain-management 21 Reference:

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