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Elixir Technologies Pvt. Ltd. is a leading offshore software development, Web Development Rajasthan company which deals in Customized Software Development, Implementation support, Quality Assurance, Hi-tech Multimedia Designing Solutions, Business Process Outsourcing (BPO) and Search Engine Optimization.

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Enterprise Resource Planning

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ERP - More than just ones and zeros - Investigating the costs and benefits of enterprise resourse planning systems.
Enterprise Resource Planning
is one technology that glorifies the concept of velocity in the transactions. By “velocity in transaction” it states the ability of the organization to respond to the changes in the market. As the trends of the market upgrade ERP has helped companies to standby the intensified standards of competition in the international market.
By all means ERP can be stated as a concept that allows flow of information in the entire supply chain i.e. from base supplier to the manufacturing unit and then distribution followed by retail outlet and finally to the consumer. It ensures distribution of info. between all units of the supply chain irrespective of hierarchy.
The main motive of ERP establishment include cost reduction, multiplied processing speed and to achieve the highest level of customer satisfaction.
At Elixir Technologies Pvt. Ltd. team of experts understand, the every base concept of ERP and believe in delivering a fully equipped tool that allows you to reap every possible benefit of ERP.

To evaluate investments in IT-system investments in general and Enterprise Resource Planning (ERP) systems in particular has in numerous studies proven to be problematic. This thesis is based on the fact that this problem is primarily due to the ERP-system infrastructural and multidimensional nature. In order to address this complexity the thesis presents a holistic approach to ERP-system investment evaluation based on the fact that the investment is evaluated on three different levels, i.e. on a macro, meso and micro level. The main idea of using this approach is that it will capture the multidimensionality of the investment and hence make it possible for the investing company to evaluate it on a more rational basis. Based on this theoretical framework the thesis investigated, by conducting an empirical study, what investing companies perceive as the costs and benefits characteristics of ERP-systems. Moreover, our empirical study showed that although the investing companies have identified numerous cost and benefit areas related to their ERP-system investment, there appeared to be a lack of metrics that could be used for measuring these. Having identified this, we propose a method for evaluating an ERP-system investment. This method is based on a combination of our empirical findings and a cross-section of what is currently considered, in the literature, to be the most useful metrics for measuring the different aspects of costs and benefits related to an ERP-system investment. By adopting this approach we feel that the investing company will be able to capture the multidimensional nature of the ERP-system investment.

Evolution of ERP

In the ever growing business environment the following demands are placed on the industry :

  • Aggressive Cost control initiatives
  • Need to analyze costs / revenues on a product or customer basis
  • Flexibility to respond to changing business requirements
  • More informed management decision making
  • Changes in ways of doing business
Difficulty in getting accurate data, timely information and improper interface of the complex natured business functions have been identified as the hurdles in the growth of any business. Time and again depending upon the velocity of the growing business needs, one or the other applications and planning systems have been introduced into the business world for crossing these hurdles and for achieving the required growth. They are:
  • Management Information Systems (MIS)
  • Integrated Information Systems (IIS)
  • Executive Information Systems (EIS)
  • Corporate Information Systems (CIS)
  • Enterprise Wide Systems (EWS)
  • Material Resource Planning (MRP)
  • Manufacturing Resource Planning (MRP II)
  • Money Resource Planning (MRP III)
The latest planning tool added to the above list is Enterprise Resource Planning. Need for ERP

Most organizations across the world have realized that in a rapidly changing environment, it is impossible to create and maintain a custom designed software package which will cater to all their requirements and also be completely up-to-date. Realizing the requirement of user organizations some of the leading software companies have designed Enterprise Resource Planning software which will offer an integrated software solution to all the functions of an organisation.
 
Features of ERP

Some of the major features of ERP and what ERP can do for the business system are as below:

  • ERP facilitates company-wide Integrated Information System covering all functional areas like Manufacturing, Selling and distribution, Payables, Receivables, Inventory, Accounts, Human resources, Purchases etc.,
  • ERP performs core Corporate activities and increases customer service and thereby augmenting the Corporate Image.
  • ERP bridges the information gap across the organisation.
  • ERP provides for complete integration of Systems not only across the departments in a company but also across the companies under the same management.
  • ERP is the only solution for better Project Management.
  • ERP allows automatic introduction of latest technologies like Electronic Fund Transfer(EFT), Electronic Data Interchange(EDI), Internet, Intranet, Video conferencing, E-Commerce etc.
  • ERP eliminates the most of the business problems like Material shortages, Productivity enhancements, Customer service, Cash Management, Inventory problems, Quality problems, Prompt delivery etc.,
  • ERP not only addresses the current requirements of the company but also provides the opportunity of continually improving and refining business processes.
  • ERP provides business intelligence tools like Decision Support Systems (DSS), Executive Information System (EIS), Reporting, Data Mining and Early Warning Systems (Robots) for enabling people to make better decisions and thus improve their business processes
 
Components of ERP

To enable the easy handling of the system the ERP has been divided into the following Core subsystems:

  • Sales and Marketing
  • Master Scheduling
  • Material Requirement Planning
  • Capacity Requirement Planning
  • Bill of Materials
  • Purchasing
  • Shop floor control
  • Accounts Payable/Receivable
  • Logistics
  • Asset Management
  • Financial Accounting

Efficient and effective enterprise applications services in areas such as enterprise resource planning, supply chain, human resources, and financials are essential to ensure competitiveness and smooth operations. But as experience has shown, enterprise applications implementation (EAI) is just the first step toward maximizing the value of these technologies to the business.Customer needs, competitive pressures and regulatory requirements continually force organizations to reassess their enterprise applications services to deliver increased business value through add-on applications, enhancements, upgrades, and change management and training.Softcase offers enterprise implementation and EAI integration services for Oracle Financial, SAP and PeopleSoft as well as many complementary solution providers.

 
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