Enterprise Resource Planning ( Erp ) Essay

1439 Words Dec 9th, 2015 null Page
Defined by Investopiedia.com, Enterprise Resource Planning (ERP) is a process by which a company, usually a manufacturer, manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance, human resources, etc. (Investopedia).Today, Enterprise Resource Planning (ERP) systems are extremely important, especially towards the Manufacturing Business. Looking back at the history of manufacturing solutions, the industry began with Manufacturing Resource Planning (MRP) systems that, similar to ERP systems, were used for enhancement and basic planning. These early systems focused on simple goals like reducing work-in-process (WIP) and inventory, while increasing on-time shipments. ERP systems today, have expanded beyond that basic manufacturing planning into enterprise optimization, which is critical for a business to last. Knowing that ERP systems are essential to manufacturing today, businesses that don’t have these systems in place have a very slim chance to thrive.
ERP systems are core pieces of Business Infrastructure; as ERP applications touch every aspect of the production of a manufactured product, I don’t know how a small or medium sized manufacturer can stay in business without an ERP system today; they’re essential to keeping up with competitors who have taken advantage of the technology software and systems. ERP has grown to…

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