Question

• Have you used an ERP system in your work?
• If so in what area?
• How did you see it interface with the rest of the company?
• Regardless if you have used an ERP system or not, describe what you think the benefits of using an ERP system are.

Answer 1

(i)Uses an ERP system in your work.

Enterprise Resource Planning (ERP) is an integrated management of key business processes, often in real time and facilitated by software and technology.
ERP is commonly referred to as part of a business management program, usually a set of integrated programs that organizations can use to collect, store, manage and interpret data from a range of business activities.

(ii) Area

ERP provides integration and updates of core business processes using a shared database supported by the database management system. The ERP system tracks cash resources, raw materials, business production capacity and business commitment status: orders, orders, purchases and wages. Software that generates data sharing systems in different sectors (production, purchasing, sales, accounting, etc.) that provide data. ERP facilitates information flow between all business functions and manages relationships with external stakeholders.

(iii) Enterprise system software is a multi-billion dollar industry that manufactures components that support different business functions. Since 2011, IT investment has been one of the largest capital expenditures in US-based businesses. Although ERP systems initially focused on large enterprises, smaller enterprises increasingly used the ERP system.

(iv) The ERP system integrates different systems of the organization and facilitates seamless operation and production, thus maximizing organizational efficiency. However, ERP system development differs from traditional system development. ERP systems run on computer hardware and other network settings that typically use the database as a repository for information.