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ERP Vender selection-Factors to be considered internal and external-an overview

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The initials ERP originated as an extension of MRP (material requirements planning then manufacturing resource planning). ERP systems now attempt to cover all basic functions of an enterprise, regardless of the organizations business or charter. Non-manufacturing businesses, non-profit organizations and governments now all utilize ERP systems.

The term ERP is typically reserved for larger broadly based applications. The introduction of an ERP system to replace two or more independent applications eliminates the need for external interfaces previously required between systems, and provides additional benefits that range from standardization and lower maintenance (one system instead of two or more) to easier and for greater reporting capabilities (as all data is typically kept in one database).
ERP acts as the central nervous system. As a fully integrated system, ERP automates all departmental information in to a single relational database. As the entire quotation through shipping process uses the same information from a single dataflow, data is entered only once which improves accuracy and reduces cycle time. Information is retrieved quickly and easily for real hands on decision making. ERP breaks the information bottleneck and provides up–to-the minute information to the right person at the right time.

Examples of modules in an ERP, which formerly would have been stand-alone applications, include: Manufacturing, Supply Chain, Financial, Customer Relationship Management (CRM), Human Resources, Warehouse Management and Decision Support System. (Source: Wikipedia)

Number of Pages of Project Report: 69
Package Includes: Project Report
Project Format: Document (.doc)

Table of Contents of Project Report:
Objectives Of The Study
Statement Of The Problem
Rationale Of The Study
Literature Review
Research Design
Data Collection
Data Analysis Method
What You Need To Know Before Choosing An Erp Vendor
Suggestions And Recommendations

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