ERP ppt by Manpreet Kaur - Manpreet Kaur.pptx

Here’s a ~3000-character description on ERP (Enterprise Resource Planning) — written in a clear, professional, and detailed manner suitable for CA, MBA, or business presentations:


---

Enterprise Resource Planning (ERP)

Enterprise Resource Planning, commonly known as ERP, refers to an integrated software system that manages and automates core business processes within an organization. It serves as a centralized platform that brings together various functions such as finance, accounting, human resources, supply chain, inventory, procurement, manufacturing, customer relationship management, and more. By unifying these operations into a single system, ERP helps organizations achieve efficiency, consistency, and transparency in their day-to-day business activities.

At its core, ERP eliminates data duplication and provides a “single source of truth.” Instead of maintaining separate systems for accounting, sales, and production, an ERP system consolidates all data into one database accessible across departments. This integration allows real-time data sharing, improved coordination, and better decision-making. For example, when a sales order is entered, the system automatically updates inventory levels, production schedules, and financial records without manual intervention.

Historically, ERP systems evolved from material requirements planning (MRP) and manufacturing resource planning (MRP II) systems used in the 1960s and 1980s. Over time, as businesses became more complex, ERP expanded beyond manufacturing to include functions like finance, HR, logistics, and customer service. Modern ERP systems are cloud-based, mobile-friendly, and powered by advanced analytics, artificial intelligence (AI), and machine learning (ML), enabling predictive insights and data-driven strategies.

The key features of ERP include:

1. Integration: Seamless connectivity between departments ensures consistent data flow.


2. Automation: Reduces manual work, errors, and duplication of effort.


3. Real-Time Operations: Enables instant updates and insights for faster decisions.


4. Scalability: Grows with the business by adding modules or users as needed.


5. Customization: Allows companies to tailor workflows and reports to their unique needs.


6. Data Security: Centralized control helps safeguard sensitive business information.



Advantages of ERP:

Enhanced productivity through process standardization.

Better financial control and accurate reporting.

Improved inventory and supply chain management.

Greater customer satisfaction through faster and more reliable service.

Cost efficiency by reducing redundant systems and manual errors.


However, ERP implementation also comes with challenges such as high initial cost, complex installation, need for employee training, and potential resistance to change. A poorly executed ERP rollout can disrupt operations and lead to financial losses. Therefore, careful planning, change management, and post-implementation support are

1. Itt project Submitted by : Manpreet kaur Std.reg.no. : NRO0539257 Itt batch no. : 21 SUBMITTED TO : LUDHIANA BRANCH OF NIRC TOPIC – ERP SYSTEMS

2. ACKNOWLEDGEMENT I would like to express my sincere gratitude for the opportunity to explore and present this project on ERP systems. The project has enhanced my understanding of how integrated software solutions contribute to business efficiency and decision-making. I am thankful to my faculty at the Ludhiana branch of nirc for their guidance , support, and their encouragement throughout the process. Their insights have been valuable in shaping the content of this presentation . I also extend my appreciation to my batchmates and well wishers for their constant motivation, and to my family for their unwavering support during the completion of this work.

3. INTRODUCTION TO ERP SYSTEMS Enterprise Resource Planning (ERP) systems are integrated software platforms used by organizations to manage and streamline their core business processes. These systems bring together functions like finance , human resources , sales inventory and procurement into a single unified system, ensuring smooth data flow and better coordination across departments. By providing real time access to accurate information , ERP systems help businesses improve efficiency , reduce manual errors ,and make well informed decisions.

4. Features of erp systems

5. why erp …?

6. Types of erp systems

7. Erp modules

8. Challenges in erp

9. Popular erp softwares “ Various erp software are tailored to meet the specific needs of businesses depending on their size and industry.”

10. Case study: tata steel’s erp transformatiom with sap This Photo by Unknown Author is licensed under CC BY-SA-NC

11. Company : tata steel Erp used : sap Goals : Streamline operations, reduce inventory holding and Improve order processing. results:- order confirmation rate increased: from 55% to 90% Inventory days reduced :29 to 23 MRO inventory reduced by 24% Cost savings : rs.33 cr Downtime in Hot Strip Mill significantly reduced

12. “ erp’s key impact areas”- this chart highlights how erp enhances key business functions.

13. “the future of erp systems”

14. Bibliography Sap official website – www.sap.com Tata steel annual reports – www.tatasteel.com Wikipedia – erp systems overview NPTEL Online Courses – ERP Modules