FOCUS ON CONTROL TECHNOLOGIES and raw material costs by around 15 %. It also facilitates the integration of various organisational processes and the smooth flow of cross-functional information , allowing better productivity and decision-making . It estimates that the cloud-based deployment segment of ERP software will dominate the market by 2030 .
“ Cloud ERP provides enterprises with the flexibility and scalability they need to streamline their business processes and improve efficiency . Cloud ERP is one of the most important tools a company can use to stay ahead of the competition because it allows them to drive their business . It ensures the timely delivery of accurate financial information ; improved financial performance ; quick data-driven decisions ; improved quality and inventory controls ; simplified software , hardware and network infrastructure . This includes the simple adoption of common standards across plants and business units , quick integration of acquired technologies and more dependable operating performance ,” commented analyst , Vantage Market Research .
ERP covers areas such as accounting ( nominal ledger , fixed assets , accounts sales / purchase ledger etc .); human resources ( payroll , time sheets , training etc .); manufacturing ( bill of materials , QC , managing the manufacturing process etc .); supply chain ( stock control , purchasing , scheduling ); CRM ( sales and marketing , support and customer service ); project management ( managing costs , time and activities ) and data warehousing ( document management ).
Material Requirements Planning ( MRP ) is a function of ERP , which deals in detail with the planning of material requirements and the generation of internal work orders . In other words , it transforms the indications of the ERP into specific orders related to that particular job : who does what , where , how , when and with which materials or tools . It also calculates the requirements of materials , planning purchases according
Manufacturing Resource Planning ( MRP ).
ERP ( Enterprise Resource Planning ) is an information system designed to coordinate the resources , information and processes within an organisation .
to workloads , delivery times of suppliers and inventories .
Any system – MRP ( Manufacturing Resource Planning ) or ERP – also needs to provide security at user level to ensure that the right employees have access to the right information . The perceived benefit of ERP is to have a single solution to manage an entire company ’ s information structure and processes . There is generally a reduction of data duplication as information is entered only once , and users often benefit from a common interface , thereby reducing training . A single solution only requires a single vendor , potentially ironing out data conflicts between different applications .
ERP process examples
■ Inventory management : From MRO to equipment spares , ERP can act as a centralised resource for inventory tracking , data analysis and replenishment strategy .
■ Supply chain : ERP enables visibility and organisation for vendor performance tracking and can draw on data from internal and external sources to assist with more efficient supplychain planning and management .
■ Maintenance : Manufacturing ERP software facilitates effective maintenance by centralising scheduling , ticketing and work order management , while also enabling powerful data tracking and analytics to improve maintenance effectiveness .
■ Equipment performance tracking : ERP modules can store , track and analyse equipment performance data from sensors and reports , enabling more informed , proactive , targeted maintenance .
■ Quality assurance : Enterprise resource planning software can track QA results , creating vast data stores over time that can play a role in the early identification of maintenance needs .
■ Purchasing : With ERP , purchasing and requisition can be easily organised and can operate with visibility into other relevant areas of the operation .
■ HR : In addition to manufacturing operations and support , ERP can also be applied to HR functions such as performance reviews , goal tracking and more .
ISMR December 2022 / January 2023 |
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