Overview of ERP software solutions:
Enterprise
resource planning is now gaining lots of importance among the business economy.
It is now being seen as an important tool for managing resources of a company
both internally and externally. It is being used both for many business
applications and also for many manufacturing industries.
Previously,
enterprise resource planning was used only of large business companies. It
required lots of money to be invested. Small scale and medium sized companies
were not ready to invest a large amount for buying software and employing
staffs for managing ERP software.
Keeping
this in mind, ERP vendors started diversifying their enterprise resource
planning software by releasing many versions of the software which could assist
small companies too. Also, small sized companies might not require all the
tools and customizations available for the big companies. The ERP software got
tailored particularly to meet the small sized companies and for increasing the
productivity. After this, small sized business people also started buying ERP
software which matched their investment amount.
From the
early 1990’s ERP helped the companies in driving down their cost and also
helped them in operating more efficiently. Effective data management also
helped streamlining the business process effectively. Planning, manufacturing,
marketing, sales and quoting services kept on improving. Stock control,
financial tracking and customer service also got better with ERP. Many time
consuming and labor related processes were eliminated by the small business
with the usage of enterprise resource planning software.
Figure
2.1: ERP FUNCTION:
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