ERP stands for Enterprise Resource Planning. Its core process is to manage business activities and integrate data into the company's operation, supply chain, finance, commerce, human resource and manufacturing sector. ERP manages the everyday activity of a business using the latest and upgraded technologies in ERP software. Nowadays, it is an integral part of every business, from small to large. It provides accurate data from a single database to increase productivity, precise decision making and improves enterprise efficiency.
ERP is a software application designed to integrate business activities within a single database. It integrates the core functions of a business to analyse, plan, processing and report results in improved productivity and use of more technology in investment.
Integration. Incorporating all the functions in each area of business is essential to accelerate workflow and productivity. Data Analysis is a core process for every activity which delivers the right decision on time. Automation helps to mitigate manual work processes and reduce errors. Reporting is the facts and it is the result of business operation. It helps to look at what needs and what has to be cut off in business. Tracking and Visibility in ERP help to track and understand business metrics.
Three main types of Deployment ERP Platform are Cloud, On-premise, Hybrid.
When an organization implements an ERP system, it needs specialized and trained professionals to operate the solution. ERP software gets an update regularly, and various versions of software modules are emerging in the market. Hence, there is always a need for Experts in Enterprise using ERP systems. ERP software makes it easier to generate planning charts, table analyses, reports and so on. They get data from another department of an organization with their ERP software.
ERP system consists of various modules where each deals with specific functions of the business. ERP systems deliver accurate databases by collecting data from each module.
Here overall modules are categorized into 5 Modules which are given below:
Know your interest and choose Modules based on your educational background. In the dynamic technology market, it is beneficial to take ERP course training. Some of the core modules which is in-demand are Finance, Accounting, Human Resource, Supply Chain Management, Procurement, Manufacturing, Inventory Management, CRM, Warehouse Management, Project Management, Marketing Automation, Sales, Plant Maintenance, Purchase Management.
There is a need for basic qualifications to get training and Certification in ERP Software. Graduates who have a relevant degree (B.Tech/ B.sc/ B.Com) is preferable for specific modules. It helps to understand business processes. Students and Corporate employees who want to get certification and need to upgrade their skill gaps can join training for best practice.
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Technology innovations popularized the ERP systems. It enables IoT (Internet of Things) and supports Mobility. Business Intelligence is one of the robust features of ERP, which makes it flexible and user-friendly. The below graphical statistics show that ERP has good growth and development in Future Technology and will be a demanded platform.
Resources: Data taken from netsuite.com - ERP
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