Prepared by:Ravi M. Kulkarni

USN No#:2BV14MBA30

What is ERP???The abbreviation stands for “Enterprise Resource Planning”

With my understanding, ERP is a business process management software that allows an organization to use a system of integrated applications to manage the business and automate back office functions related to technology services and HR.

ERP is an industry term for the broad set of activities that helps any business to manage

Ultimate goal of ERP…Facilitate the flow of info so that business decisions can be data driven

Timeline of ERP

1960Inventory control package

1970MRPMaterial Requirement Planning

1980’sMRP-IIManufacture resource planning

1990’sERPEnterprise Resource Planning

2000’sExtended ERP and ERP’s on cloud

Timeline System Description

1960’s Inventory Management Combination of IT and business process of maintaining appropriate level of stock in warehouses.

1970’s Material Requirement Planning Utilizes software applications for scheduling production process. MRP generates schedules for the operations and raw material purchases based on the production requirements of finished goods

1980’s Manufacture resource planning This utilizes software applications for coordinating manufacturing processes, from product planning, parts purchasing, inventory control to product distribution.

1990’s Enterprise Resource Planning ERP uses multi-module application software for improving the performance of the internal business processes.

2000’s Extended ERP and ERP’s on cloud

ERP software suites are built to collect and organize data from various levels of an organization to provide management with insight into key performance indicators

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