ENTERPRISE RESOURCE PLANNING

GROUP 5
Submitted to : Prof. Vinay Bhooshan

Submitted By: Gokul Kumar (1012) Meenu Jain (1014) Sourabh Pareek (1021) Sidharth Agarwal (1023)

What is ERP?
Enterprise resource planning(ERP) systems integrate internal and external management of information across an entire organization embracingfinance/accounting,manu facturing, sales and service,customer relationship management, etc.

Needs of ERP
To improve responsibilities in relation to customers To strength supply chain partnerships To enhance organizational flexibility To improve decision-making capabilities To reduce project completion time and cost.

Prime Business Problem

Poor planning Not properly vetting ERP vendors Not understanding or using key features Underestimating the time and resources required Not having the right people on the team from the start Not setting priorities Underestimating the importance of accurate data

Benefits of ERP
Provide an integrating working environment. Enable automation Availability of information from field level until the management level Integration in applications in any departments Flexibility and facility to standardizing process or to accommodate changes and globalization. Achieve balanced people, process and technology changes across all areas. Apply planning and program management practices throughout the program life cycle of a project.

ERP helping changing EfficiencyOrganization can be improved

Reduce procurement lead time. Improve customer response time. Reduce production cost. Faster communication with supplier and customer. Profitability can be improved Reduced inventory carrying cost. Reduced production losses. Reduced production cost.