ERP (Enterprise Resource Planning) Overview Written by Exforsys.com
ERP (Enterprise Resource Planning) Overview covers What is ERP, Brief history of ERP, Why is it necessary, Market Leaders and future of ERP. What is ERP? Enterprise Resource Planning or ERP is an industry term for integrated, multi-module application software packages that are designed to serve and support multiple business functions. An ERP system can include software for manufacturing, order entry, accounts receivable and payable, general ledger, purchasing, warehousing, transportation and human resources. Evolving out of manufacturing industry, ERP implies use of packaged software rather than proprietary software written by or for one customer. ERP modules may be able to interface with an organization's own software with varying degrees of effort, and, depending on software, ERP modules may be alterable via vendor's proprietary tools as well as proprietary or standard programming languages. Brief History of ERP The focus of manufacturing systems in 1960's was on Inventory control. Most of software packages then (usually customized) were designed to handle inventory based on traditional inventory concepts. In 1970's focus shifted to MRP (Material Requirement Planning) systems that translated Master Schedule built for end items into time-phased net requirements for sub-assemblies, components and raw materials planning and procurement. In 1980's concept of MRP-II (Manufacturing Resources Planning) evolved which was an extension of MRP to shop floor and Distribution management activities. In early 1990's, MRP-II was further extended to cover areas like Engineering, Finance, Human Resources, Projects Management etc i.e. complete gamut of activities within any business enterprise. Hence, term ERP (Enterprise Resource Planning) was coined. Why is it Necessary? By becoming integrated information solution across entire organization, ERP systems allow companies to better understand their business. With ERP software, companies can standardize business processes and more easily enact best practices. By creating more efficient processes, companies can concentrate their efforts on serving their customers and maximizing profit.
| | Secured Holiday loans- your chance to unwind your sensesWritten by Andrew Baker
“All work and no play makes jack a dull boy”.The phrase sounds more as a cliché, having been used innumerable times right from time it was coined, but has a vital message enclosed within itself. It sermonizes about place rest has in life of a person. After months of hectic work, one looks forward to a day for relaxation - a day when he can rest his senses. Our body needs time to reinvigorate itself. And what better way to do this than to go on a holiday through a secured holiday loan. But, is that so easy? No! At least not for common men. Most of tourist spots have become so dear that people fear going to these places. What ever refreshment they get out of holiday, fades on watching burgeoning bills. Add to this woes of credit card payment. It nearly doubles holiday bills. However, people have a wrong conception that they can pay holiday bills more comfortably through a credit card. It is really convenient to pay through credit cards. They do away with need to carry a large amount of cash. Nevertheless, they have disadvantages. When we use credit cards for making payments, we are in fact taking a loan. Credit cards charge a heavy rate of interest, and as time elapses on payment, amount goes on burgeoning, thus adding to debt. A much better idea will be to take secured holiday loans. These loans are specially designed to foot holiday bills. The customer would have to keep his home as collateral. The amount of loan depends on equity in home. Larger is value of home, larger is amount of loan. To some borrowers, prospect of keeping home as collateral will give sleepless nights. Home being a prized possession cannot be lost for a triviality like a holiday. Nevertheless, they forget that any loan, whether secured or unsecured will utilize home or any equivalent asset to settle balance amount.
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