Enterprise Resource Planning (ERP)

The mantra of the modern-day organization isother large entities. Implementing ERP software
innovation. In order to stay competitive in thesystems in any organization is not easy. A wide
market, companies require increasing globalization andrange of applications make ERP software systems
flexibility. Challenging issues faced by companiescomplex and impose changes on staff practices.
today are the management of large-scale projectsPeople generally don't like change, and ERP asks
and cooperation among enterprises withinthem to change how they do their jobs, thus making
geographically distributed networks. Companiesimplementation of ERP systems a painful task.
desperately need innovations; however, theImplementing ERP systems generally takes one to
inflexibility of legacy-information technologythree years. Before actually jumping to the
infrastructure slows down the process. Today,bandwagon of implementing ERP systems, though,
organizations need information technology to supportorganizations must check the suitability of
flexible business strategies rather than hold themprospective ERP packages. Every industry is unique,
back. In order to survive, organizations must developand ERP systems must be designed to cater to the
innovative strategies that: • Sense andindustry's specific requirements. To implement ERP
respond to real-time customer demands •systems in cost-effective manners, consultants with
Gain market insight by extending processes beyondexpertise in ERP implementation should be employed.
the enterprise • Adapt to market changesERP vendors provide professional services in
• Implement new ways of doing businessconsultancy, customization, and support. Some of the
Enterprise resource planning (ERP) software is theleading vendors of ERP systems are SAP, Oracle
answer to the agility and flexibility required by today'sApplications, The Sage Group, Microsoft Dynamics,
organizations. ERP software helps organizations easilyand SSA Global Technologies. Successful
manage efficiency, productivity, and cost, thusimplementation of an ERP system by any
freeing the human and financial resources to executeorganization requires trained personnel and a
innovation and growth strategies. The origin of ERPcorporate policy that will protect the data integrity of
can be traced back to its application in thethe ERP system. To train personnel involved with the
manufacturing environment; however, today, theimplementation and testing stages of the ERP
term "ERP systems" has a much broader scope.system, adequate funds have to be allocated. ERP
Today, Enterprise Resource Planning systems (ERPs)professionals are in demand. For ERP professionals
are not just limited to planning resources. Instead, theexperienced in SAP, People Soft, Oracle, Baan, or any
purpose of an ERP system is to integrate all of another ERP package, there is a booming job market.
enterprise's departments and processes into a unifiedCompanies need them for hardware and software
system. It is not easy to develop a softwaresupport. Some of the areas in which ERP
infrastructure that simultaneously holds an entireprofessionals are in demand are: • Production
company together and also supports all of the• Materials • Accounting •
external business processes that the companyMarketing • Human Resource Development
engages in. But, if done successfully, the payback isSome of the industries in which ERP professionals
tremendous, and in fiercely competitivework are insurance, defense and security,
environments, enterprises need such integratedconstruction, material management, pharmaceutical,
approaches to survive. Some of the key traits ofelectrical, automobile, and heavy engineering. Pay for
ERP system-integrated solutions are: • TheyERP professionals depends on the natures of work
address business processes. • They arethey are doing and the experiences they have. For
modular. Some of the examples of modules in an ERPindependent consultants, earnings are higher than for
include manufacturing, supply chain, financials,those working for organizations. ERP professionals
customer-relationship management, human resources,work in two areas-implementation and development.
warehouse management, and decision-supportProspective ERP professionals can either work with
systems. • They use unified databases toconsultants like Anderson or KPMG, whom software
store data for all system modules. • Theyproviders have certified for developing ERP systems
allow companies to reach to their suppliers,for client companies, or they can join ERP-package
customers, and partners. • They addressproviders like SAP and Oracle. Companies are
almost areas of companies' business functions.continuously striving to develop the best practices
Regardless of the organization's business or charter,for ERP implementation. One of the factors that will
ERP systems are capable of covering all basicdrive the future development of ERP systems is the
functions, which make them the preferred choices ofavailability of trained personnel, keeping the market
just businesses but also non-profit organizations,for ERP professionals hot.
non-governmental organizations, governments, and