CH 14: ERP

Where is data entered in an ERP system?

Data is entered only once in a common, complete and consistent database shared by all applications

What does ERP stand for?

Enterprise Resource Planning

What are some disadvantages of ERP?

Very expensive and costly to customize Hard to implement, because it requires major changes in the company and processes Very complex and many companies cannot adjust to it.

What are the advantages of ERP?

Integration of Supply chain, administrative processes and production Creates commonality of databases May provide a strategic advantage over competitors

What does it all include?

It Includes SCM, CRM, MRP, Finance/Accounting and nowadays even HRM

What is an ERP?

It is a software, usually very expensive and hard to implement that identifies and plans the enterprise's resources to take, make and ship the CMR's orders.

What does ERP do?

It tries to integrate all of a firm's information

What is extended into ERP?

MRP II with customers and suppliers make up ERP