ERP MIS Integration

ERP is an integrated, real-time, cross-functional enterprise application, an enterprise-wide transaction framework that supports all the internal business processes of a company.

It supports all core business processes such as sales order processing, inventory management and control, production and distribution planning, and finance.

erp_system.jpg

ERP is very helpful in the following areas

  • Business integration and automated data update
  • Linkage between all core business processes and easy flow of integration
  • Flexibility in business operations and more agility to the company
  • Better analysis and planning capabilities
  • Critical decision-making
  • Competitive advantage
  • Use of latest technologies

Features of ERP

The following diagram illustrates the features of ERP

feature_erp.jpg

Scope of ERP

  • Finance: Financial accounting, Managerial accounting, treasury management, asset management, budget control, costing, and enterprise control.
  • Logistics− Production planning, material management, plant maintenance, project management, events management, etc.
  • Human resource− Personnel management, training and development, etc.
  • Supply Chain− Inventory control, purchase and order control, supplier scheduling, planning, etc.
  • Work flow− Integrate the entire organization with the flexible assignment of tasks and responsibility to locations, position, jobs, etc.

Advantages of ERP

  • Reduction of lead time
  • Reduction of cycle time
  • Better customer satisfaction
  • Increased flexibility, quality, and efficiency
  • Improved information accuracy and decision making capability
  • Onetime shipment
  • Improved resource utilization
  • Improve supplier performance
  • Reduced quality costs
  • Quick decision-making
  • Forecasting and optimization
  • Better transparency

Disadvantage of ERP

  • Expense and time in implementation
  • Difficulty in integration with other system
  • Risk of implementation failure
  • Difficulty in implementation change
  • Risk in using one vendor

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