W4-A Essay Example | Topics and Well Written Essays - 3000 words

W4-A - Essay Exampledepartments or units such as HR department, Finance department, Supply chain management etc to coordinate activities by sharing information through this platform. ERP arrangings help in faster completion of daily procedure tasks and with more accuracy. It reduces the overhead costs and enables better strategic planning since the needs can be assessed in a better manner.The team at ERP.com (2009) express in one of their articles that the term ERP has originated from MRP (Material Requirement Planning) that later became Manufacturing Resource Planning and it also came from CIM (Computer Integrated Manufacturing). This term was originally used to refer to the extent the nerve had planned to use their organization wide resources. Earlier, ERP systems were mainly used in large organization, industrial types of companies.In the late 70s, the main idea understructure MRP originated it was meant for the management of the raw materials needed to fulfill the order from large companies and enterprises. After some era, the companies moved to a different approach just in time inventory planning. This step proved to cut warehousing and inventory costs because of better production planning. In these times, sales forecast started gaining a prominent fall upon in business and hence began generating at weekly basis instead of monthly. This need evolved into a desire for a new dynamic enterprise system that could be used to manage company wide resources and data. A decade later, the need for a system that would enable the managers to streamline the processes and existing data passim the organization evolved into Enterprise Resource Planning. ERP are now used in almost every organization, whether large or small.ERP are used to address a diverse range of areas in an organization manufacturing, supply chain management, finances, project management (PM), customer relationship management (CRM). There are many receipts providers who offer reliable and effic ient ERP systems, some