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Complete 4 pages APA formatted article: Enterprise Resource Planning (EPR) application.
Complete 4 pages APA formatted article: Enterprise Resource Planning (EPR) application. The fascinating feature of an ERP system is that it will support a variety of hardware and network configurations by employing a database for effectively accessing information. This paper will analyze what an ERP system does and how such a system can help an organization to become more profitable.
Since an ERP system can have a great influence on automating every business process, it can be effectively applied to accomplish a variety of business tasks. According to Adolphs and Schubert (2008), ERP system works on the basis of ‘input-process-output’ rules and, hence, it can also be used as management information system. Since information has become an ingredient part of management operations, ERP systems specifically focus on the information needs of different organizational sectors. The ERP software system provides timely, accurate, and most relevant information to different departments of the organization, using a single software system. This system keeps information updated so as to assist managements to effectively deal with decision making. Rothlin (2010) says that the filtering facility of an ERP system timely provides the organization with answers for various queries (p.204). Modern ERP systems are capable of providing improved facilities for the company to manage its export, import, and tax activities and to fulfill other legal requirements. ERP software supports computer aided designs. therefore, it is assistable for the company to demonstrate products designs on real time according to customer requirements. This system also facilitates all financial services and it complies with international accounting standards. Moreover, an ERP system has the ability to effectively meet the needs of government, healthcare, retail, and other service sectors. Sales forecasting is another attractive feature of ERP software applications since this process assists firms to optimize their inventory levels.