1. ENTERPRISE RESOURCE PLANNING (ERP) BY: Sukanta Karan K.Manoj Supriya Soni GROUP : 8

2. DEFINITION ERP (Enterprise Resource Planning ) (ERP) is business management software—usually a suite of integrated applications—that a company can use to store and manage data from every stage of business.

3. Stages of (ERP) Product planning, cost and development Manufacturing Marketing and sales Inventory management Shipping and payment

4. Product Planning, Cost & Development Support better( reliable) Decision making through out the manufacturing development process. Support efficient sharing of product data between processes(Integrated business process) across enterprise. It can be a regulatory requirement to record produce development decisions.

5. Manufacturing Minimize manufacturing cost and increase of resource utilization. Cut down production bottlenecks. On-time delivery performance. Transparent operational control

6. Marketing and Sales Operational-level processes ▫Daily activities  Prospecting, telemarketing, direct mail ▫Contact management  Databases, lists Support ▫Sales order processing system ▫POS systems

7. Additional Sales Management Applications Sales forecasting Advertising Product pricing

8. Inventory Management Increase visibility into purchase orders, contract management, and invoice handling Reduce costs by lowering inventory levels and consolidating shipments Maintain high levels of supplier and customer satisfaction Improve processes for procurement, inbound, outbound, warehouse, and transportation management

9. Shipping Meet shipping delivery dates 100% of the time. Control shipping costs. Track and trace the product Shipments at real time.

10. Payment Can be adapted for any Bank globally. Complete audit trail provided including user profile, data and time stamps. Auditable security surrounding vendor/employee Bank account details

11. Advantages The fundamental advantage of ERP is that integrating myriad businesses processes saves time and expense. Management can make decisions faster and with fewer errors. Data becomes visible across the organization.

12. Disadvantages Customization is problematic. Re-engineering business processes to fit the ERP system may damage competitiveness or divert focus from other critical activities. ERP can cost more than less integrated or less comprehensive solutions. High ERP switching costs can increase the ERP vendor's negotiating power, which can increase support, maintenance, and upgrade expenses.

13. .