Enterprise Resource Planning And Its Importance


Enterprise Resource Planning And Its Importance

Enterprise Resource Planning And Its Importance

On websites you can find hundreds of definitions as every business and every website has created its own definitions for ERP solutions. It can create a couple of confusions in the minds of readers. These variations are no doubt proper and right but it is still to be explained that which ERP program can be used for his business and what actually the ERP is and its functions are. Fully understanding of ERP Solutions and how it can transforms your business to a corporate look we’re going to explain you its features and functions. Let us introduce enterprise resource planning with clarity.

Let’s think about systems in a business, the functions that regularly take place in a business and a corporation from little to use tasks including meetings, Human Resources, finance, account management, relationship, contact systems, call center and so on. Enterprise resource planning is one single place where you can find all the functional department of an organization, its details and descriptions as all the data is recorded and inserted in a software that can control the processes and information of entire organization and can provide it meanwhile you want. It is a single solution of all the problems and processes running throughout the organization. Enterprise resource planning uses a database which is shared among different or separate departments of the organization in which every department fills the data related on daily basis. The data is saved in a single database from all the different functional areas and can be accessed by an authorized person at a time. Every module of enterprise resource planning solution is provided to the related department and all the menus are accessed with one interface still concerned department which can access the whole information. It can make easy to work and understand the organization and its functions quickly for those individuals who are authorized. It is not just the entry of data and sorting of data but it can keep a track on daily basis with the functions and activities of the organization as well as the future concerned activities.

Necessity Of Enterprise Resource Planning

There is no boundary for any business type to use enterprise resource planning is this software is made with custom solutions for every business and can be used in any industry that wants to grow faster and access to the data meanwhile it is required. It saves the time and enhances the organization’s growth. Hospitals to schools, manufacturing Industries to wholesale business, Import and Export and so on, every business can use it and provide a friendlier environment in the organization by keeping it up-to-date and up to the mark.

History Of ERP

Enterprise resource planning was introduced in 1990 by Gartner afterwards it was applied on Inventory management systems to control the manufacturing sector in the world. The work of software engineers was to monitor inventory, keep it balanced and do reporting constantly. No doubt it started from manufacturing resource planning which was just concerned with the manufacturing sector to control few of the features but with the launching of enterprise resource planning many of the functional areas were made connected and integrated.

Value Of Enterprise Resource Planning For A Business

Enterprise resource planning helps employees to work effectively and efficiently as they can get all the required data from database of all functional units meanwhile sitting on their desks. It’s helpful for businesses in terms of growth, improvement with increased return on investment.
It can control the flow of information as it puts barriers for each functional area. It has the proper backup to reduce risk on financial side. It can provide a good customer base as it keeps in contact with customers and other stakeholders that directly or indirectly affect organizations’ financial health as well as Fame. ERP services can keep track of every activity that goes on time to time. Availability of data, accuracy of data and sorting with filtration are those major functions of enterprise resource planning that are required for any success.

Minibig technologies provides Enterprise resource planning such as academic management system, pharma management system, complaint management system, contact management suite and contact center.