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 andrepparttar 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 ofrepparttar 137926 manufacturing industry, ERP impliesrepparttar 137927 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 repparttar 137928 software, ERP modules may be alterable viarepparttar 137929 vendor's proprietary tools as well as proprietary or standard programming languages.

Brief History of ERP The focus of manufacturing systems inrepparttar 137930 1960's was on Inventory control. Most ofrepparttar 137931 software packages then (usually customized) were designed to handle inventory based on traditional inventory concepts. Inrepparttar 137932 1970'srepparttar 137933 focus shifted to MRP (Material Requirement Planning) systems that translatedrepparttar 137934 Master Schedule built forrepparttar 137935 end items into time-phased net requirements forrepparttar 137936 sub-assemblies, components and raw materials planning and procurement.

Inrepparttar 137937 1980'srepparttar 137938 concept of MRP-II (Manufacturing Resources Planning) evolved which was an extension of MRP to shop floor and Distribution management activities. Inrepparttar 137939 early 1990's, MRP-II was further extended to cover areas like Engineering, Finance, Human Resources, Projects Management etc i.e.repparttar 137940 complete gamut of activities within any business enterprise. Hence,repparttar 137941 term ERP (Enterprise Resource Planning) was coined.

Why is it Necessary? By becomingrepparttar 137942 integrated information solution acrossrepparttar 137943 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 senses

Written 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 fromrepparttar time it was coined, but has a vital message enclosed within itself. It sermonizes aboutrepparttar 137925 place rest has inrepparttar 137926 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 forrepparttar 137927 common men. Most ofrepparttar 137928 tourist spots have become so dear that people fear going to these places. What ever refreshment they get out ofrepparttar 137929 holiday, fades on watchingrepparttar 137930 burgeoning bills.

Add to thisrepparttar 137931 woes of credit card payment. It nearly doublesrepparttar 137932 holiday bills. However, people have a wrong conception that they can payrepparttar 137933 holiday bills more comfortably through a credit card. It is really convenient to pay through credit cards. They do away withrepparttar 137934 need to carry a large amount of cash. Nevertheless, they have disadvantages. When we userepparttar 137935 credit cards for making payments, we are in fact taking a loan. Credit cards charge a heavy rate of interest, and as time elapses onrepparttar 137936 payment,repparttar 137937 amount goes on burgeoning, thus adding torepparttar 137938 debt.

A much better idea will be to take secured holiday loans. These loans are specially designed to footrepparttar 137939 holiday bills. The customer would have to keep his home as collateral. The amount of loan depends onrepparttar 137940 equity inrepparttar 137941 home. Larger isrepparttar 137942 value ofrepparttar 137943 home, larger isrepparttar 137944 amount of loan.

To some borrowers,repparttar 137945 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 settlerepparttar 137946 balance amount.

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