SCHM 2301 Lecture Notes - Enterprise Resource Planning, Manufacturing Resource Planning, Human Resource Management
4 Jun 2014
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Document Summary
Software systems that provide this functionality are referred to as enterprise resource. Functional areas of erp: finance resource management, supply chain management, manufacturing resource planning, human resources management, customer relationship management. A complex software system that ties together and automates all enterprise-wide basic business processes from taking orders and processing requisitions, to monitoring inventory levels, to financial accounting and human resource management. Records every business transaction, in an enterprise wide data format, and updates the right connected systems to reflect each transaction. Enables companies to keep track of orders and coordinate manufacturing, inventory, and. Users may access and analyze data without burden on operational erp system. Special add-on modules that link to standard modules. Combines data in new ways to create knowledge. Provides functionality for each erp module to interact with other modules, suppliers, and. Automates some of the steps of key processes. Implementation and maintenance is costly and time consuming. Shortage of personnel with technical knowledge of the system.
