Enterprise Resource Planning

Prelims

Business Process

A collection of activities that takes inputs and creates an output of value to the customer.

Enterprise Resource Planning (ERP)

• core software programs used to integrate and coordinate information in every area of the business.

• eliminates data redundancy by allowing data to be entered exactly once, at the point of origin

Fulfilling a Customer Order - 1st Step Marketing and Sales (M/S)

Takes the customers sales order and forecasts demand

Fulfilling a Customer Order - 2nd Step Supply Chain Management (SCM)

Procures raw materials, schedules manufacturing, and handles logistics.

Fulfilling a Customer Order - 3rd Step Accounting and Finance (A/F)

Invoices the customer, pays suppliers, and records revenue.

Fulfilling a Customer Order - 4th Human Resources (HR)

Ensures adequate staffing for production peaks.

Material Requirements Planning (MRP)

• 1970s

• The manufacturing roots of ERP.

• Used early mainframes to schedule production runs and calculate raw material requirements. (Scope: Factory Floor Only)

• Focuses strictly on production, inventory. and purchasing.

Electronic Data Interchange (EDI)

• 1980s

• The direct computer-to-computer exchange of standard business documents between companies, paving the way for supply chain sharing.

Modern ERP

• 1990s-Present

• Driven by client-server architecture, scalable networks, and the Y2K crisis. ERP evolved to share real-time data across the entire global enterprise.

• Integrates all MRP functions with sales. global financials, and human resources in a single database.

Human Resources

Facilitates recruiting, payroll, and time management.

Controlling

Assigns manufacturing costs to products for interna managerial decision- making

Financial Accounting

Records transactions in the general ledger for external financial reporting.

Production Planning

Maintains master production schedules and records actual manufacturing activities.

Materials Management

Manages the acquisition of raw materials from suppliers and handles warehouse inventory.

Sales & Distribution

Records sales orders, handles pricing, and schedules customer deliveries.

Enhancing Enterprise Control and Compliance - Total Visibility

ERP bridges barriers of language, currency, and culture, allowing executives to stop monitoring fractured data and start actively managing global operations.

Enhancing Enterprise Control and Compliance - The Sarbanes-Oxley Mandate

The Act of 2002 legally requires companies to substantiate internal controls on all information.

Enhancing Enterprise Control and Compliance - Systematic Accountability

ERP ensures compliance through strict user authorizations, built-in tolerance groups, and unalterable data archiving. Every transaction generates a permanent, traceable electronic document flow.

Microsoft Office

• The suite, first announced by Bill Gates since 1975, included Word, Excel, and PowerPoint or in other words, also called as the Holy Trinity of the software

• also includes Access, Publisher,OneNote, and Outlook - all of whichseamlessly integrate with each other.

MS 365?

In 2011, Microsoft launched its cloud-based subscription service office 365, to compete with Google Drive. While the apps in Office 365 were nearly identical to its desktop suite, certain features were rolled out only to 365 first, like Morph and Designer in Powerpoint.

Why learn microsoft office? - First Reason

It has significant benefits foryour daily workflow,productivity, and careerpossibilities.

Why learn microsoft office? - Second Reason

MS Skills are indispensableacross a plethora of industriesand professions, and give thosewho possess them anadvantage in the workplace.

Why learn microsoft office? - Better employability

82 percent of mid-range jobs,now require at least a generalunderstanding of MicrosoftOffice applications.

Why learn microsoft office? - Higher Productivity

Chances are, there are Microsoft Officeapplications that you use every day.Imagine how much time and energy youcould save formatting documents inWord, or working with data Excel, if youknew the right shortcuts, and tips toget there faster.

Why learn microsoft office? - Global Compatibility

Over 1.2 Billion office usersglobally, MS Office is usedwidely by companies andeducation institutions aroundthe world. This gives youtranferable skills that you canuse anywhere, thorughout yourcareer.