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Enterprise Resource Planning (ERP) is a business management software that uses a system of integrated applications to run & manage the various businesses of an organization effectively & efficiently. Its a suite of integrated modules built for various functionalities of the organization like Manufacturing, CRM, Supply Chain/Procurement, Finance/Accounting, Human Capital Management, Services etc. All these business functions runs smoothly using the various modules provided by the ERP solution.
Some of the major advantages of using an ERP solution are:
Achieve end-to-end view across all business lines
Improve performance with upto date information on financial & operational activities
Extend global business process using Application integration architecture
Reduce back office costs
Efficient material management planning
Aligning sales channels with corporate objectives
Build customer focused applications strategy
Manage global processes in localized way
BI reports & analytics for better decision making
There are various providers of ERP solution in market with each of them having their pros & cons. An organization should evaluate very carefully the features of every ERP solution against their business needs and technical capabilities. One can start by implementing couple of most important modules like CRM, Manufacturing etc and then go full fledged into it.
You can chose from the below listed major ERP applications which are available in market today: