Enterprise Resource Planning
Enterprise Resource Management Planning for Business Success
The Youtube video covers Enterprise resource planning (ERP) which is a process that integrates all external and internal management information across an entire business organization. This process embraces the finance/accounting, sales and service manufacturing, customer relationship management and other aspects of an organization. ERP systems fully automate all of this organizational activity with integrated software whose purpose is to help with the flow of information in the path between all of the business functions inside an organization and also manage the connections to stakeholders on the outside. ERP software can run on a wide variety of network and hardware setups (Stanbury, 2010).
The uses of ERP are versatile, including in human resources, asset management, supply chain management, privileged access control, marketing, customer and supplier relationships as well as project management. For instance, everything from customer resource management to purchase orders, etc. It works equally well in a wide variety of other reporting modes. In essence, it links hardware, electronic and software systems into one seamless system. Savings are immediate in terms of productivity due to interoperability, integration of reporting procedures, sales reporting and accounting (ibid).
The learning objectives:
1. In this video, the viewer will learn that ERP provides a seamless integration...
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