Enterprise Resource Planning

In this Series lets look Enterprise resource Planning systems and how people like Sharath can benefit from it

ERP systems are used to give companies the ability to see business processes from a single integrated view. Data used on ERP systems are maintained through a common database that can track data on real time. An ERP system is commonly used to track business resources, such as materials, inventory, production capacity and liquidity, as well as business commitments such as customer orders and payroll.

ERP systems connect to real–time data and transaction data in a variety of ways. These systems are typically configured by systems integrators, who bring unique knowledge on process, equipment, and vendor solutions

Different types of ERP’s are there which cater to different functionalities like

Financial Accounting

Human resource management

Supply Chain Management

Customer relationship management

So we can observe that there are different types of ERP and each of them offer solutions in their respective domain which really  gives user complete freedom to monitor but all of them cater to big companies who have large capacities .Now as we  have observed before Sharath has relatively small requirements and Implementing ERP typically requires changes in existing business processes some thing that people like Sharath cant afford .

Does it mean Small and medium  industries should not  have ERP like solutions for their Supply chain management ,HR and marketing needs

And what about cost can Sharath really afford these expensive solutions Lets look at these in next part