Impact Of Enterprise Resource Planning System on Business

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Added on 2020-02-18

Impact Of Enterprise Resource Planning System on Business

Added on 2020-02-18

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Running Head: Management Information SystemImpact Of Enterprise Resource Planning (ERP) Systems On Businesses

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1Management Information System Using ERPTable of ContentsIntroduction...........................................................................................................................................2Four types of ERP software Applications..............................................................................................4Description on the features of the NetSuite ERP application.................................................................5General description on NetSuite ERP system in RealTech Organization..............................................6Integration of ERP with the RealTech Business Operations..................................................................7Conclusion.............................................................................................................................................8Table of FiguresFigure 1 ERP Plan of an Organisation Source: By Author....................................................................4

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2Management Information System Using ERPIntroductionERP application softwareERP stands for Enterprise Resource Planning; it is basically the progression of theManufacturing Requirement Planning. From the business point of view it is expanding fromthe coordination of a manufacturing process to the integration of enterprise- wide backendprocesses. From the technological aspect, ERP has been evolved from legacy implementationto more flexible client server architecture. ERP is the most important for every businessactivities. It is the core business processes performed for the real time activity using varioussoftware and technology. It is been categorised into various business management softwarethat is a typically suite of integrated applications and other is the organisational data which issued to collect, manage and store and interpret the data from the core business processes(Drelichowski et al., (2016). It is an essential for the entire organisation to maintain the newtrends according to the current scenario using various tools and technologies so as to providethe best services to the customers. The RealTech organisation has various ERP applicationsservices which include:1.Manufacturing- In the manufacturing process in the business organisation itincludes some various functions that have the involvement of the engineering,capacity, workflow management, quality control, billing process and themanufacturing of products to promote their business organisation.2.Supply Chain Management- It is the most popular component of an ERPsystem. It plays a vital role in all the business processes. It ensures the upstreamand the downstream members of the chain so that to have an easy way ofdelivering the products and services to the customers according to the standardsrequired so as satisfying the customer needs. Supply chain management helps incollaborating with an organisation for the functionalities and the interaction withthe supply chain members (Bernroider et al., 2014).3.Financial & Accounting Management- It plays a vital role in every organisationto maintain the finance and the accounts of a company so as to keep it safe forfuture. It is the systematic strategy being followed and performed in the businessfrom the traditional time. It includes the following like the payable of anaccounts, accounts receivable, fixed assets, general ledger and cash flowmanagement.

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Impact Of Enterprise Resource Planning System on Business