ˈen-tə(r)-ˌprīz ˈrē-ˌsȯrs ˈplænɪŋ
Enterprise resource planning (ERP) is a cross-functional enterprise system driven by an integrated suite of software modules that supports the internal business processes of a company.
In simple terms it hooks up information with interested parties and creates new information by logically combining data to create new resources.Studies have shown that organizations in the growth stage of their lifecycle typically need to formalize their information technology systems. ERP gives a company an integrated real-time view of its core business processes such as production, order processing, and inventory management, tied together by ERP applications software and a common database maintained by a database management system. ERP systems track business resources (such as cash, raw materials, and production capacity) and the status of commitments made by the business (such as customer orders, purchase orders, and employee payroll), no matter which department (manufacturing, purchasing, sales, accounting, and so on) has entered the data into the system.
Supply and demand can both be facilitated with ERP. So in the same way that sales will be improved by an ERP system, so can EDI (electronic data interchange) facilitate purchase orders and other wholesale transactions. An ERP workflow system will create the authority for approving or declining purchases on direct purchase requisitions therefore removing the need for intervention.
The evaluation criteria for an ideal ERP system are support, flexibility, functional fit, maturity, and continuity. Leading organizations perceive ERP as a vital tool for competing, as it integrates dispersed organizational systems and enables flawless transactions and production.
ERP packages are tailored for organizations based on number of employees or users, as well as industry. Midmarket solutions tend to have more sophisticated capabilities than small-business packages, and enterprise-grade packages are the most complex. It’s important to choose a solution that will support the various functions of your organization, such as accounting, inventory management and product configuration. Some packages are tightly focused on types of manufacturers, for instance, and will offer modules to support functions you don’t need if you don’t have a factory to manage.
ERP is generally available as an On-Premise installation or in SaaS (cloud) model. Infor offers On-Premise, SaaS (cloud) or a combination of both to suite any organization’s needs.
Godlan is a leading manufacturing performance specialist that has been implementing integrated technology solutions since 1984. As an approved Infor Gold Channel Partner with a focus on Infor SyteLine ERP, Godlan supports the implementation of world-class processes and best practices throughout discrete manufacturing organizations. For more information about Godlan, its mobile application InSync Anywhere, or Infor SyteLine ERP manufacturing software demos call 586-464-4400 or visit www.godlan.com
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in 194 countries improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both.
About SyteLine ERP 10x
Infor SyteLine ERP provides the foundation to improve business efficiency, customer service, and overall manufacturing productivity for a broad range of industries, including metal fabrication, industrial equipment and machinery, high-tech and electronics, and more. Manufacturers can now unlock the potential of their people and capabilities and get software that works the way they think with the latest release of Infor SyteLine ERP 10x. Manufacturers will be able to expand capabilities, get a new look and feel, take advantage of additional industry-specific capabilities, and increase visibility into their business at all levels.
Video Rating: / 5