It in Logistics
It in Logistics
It in Logistics
SUPPLY CHAIN
GROUP ASSIGNMENT
TOPIC
COMMON TYPES OF ERP SYSTEMS USED BY
COMPANIES
SUBMITTED BY
KIRTIRAJ SAHOO - MBA/21-23/10
Better data management: ERP systems provide real-time data access, allowing
businesses to make more informed decisions.
ERP (Enterprise Resource Planning) systems are software platforms that help
companies automate and integrate their business processes across various
functional areas, including finance, human resources, manufacturing, supply
chain, and customer relationship management. Here are some ways in which an
ERP system can help a company in its automation process:
Automating routine tasks: ERP systems can automate routine tasks such as data
entry, inventory management, order processing, and payroll processing. This
not only saves time but also reduces the risk of errors and improves overall
efficiency.
Providing real-time visibility: With an ERP system, companies can get real-time
visibility into their business operations, which allows them to make more
informed decisions. This is particularly useful for businesses that operate across
multiple locations or have a large number of employees.
Cloud-based ERP systems: These are hosted on the cloud and accessed
through a web browser. They offer flexibility and scalability, making them a
popular choice for small to medium-sized businesses.
On-premise ERP systems: These are installed and run on the company's own
servers, and offer more control and customization options. They are typically
used by larger organizations that require extensive customization.
Industry-specific ERP systems: These are designed to meet the unique needs
of a particular industry, such as healthcare, retail, or manufacturing.
Open-source ERP systems: These are free and open-source software solutions
that can be customized to fit the specific needs of an organization. They are
popular among small businesses and non-profit organizations.
Mobile ERP systems: These are designed to be accessed and used on mobile
devices, making them ideal for employees who are frequently on-the-go.
Two-tier ERP systems: These are used by organizations with multiple business
units or subsidiaries. They allow for separate ERP systems to be used for each
unit or subsidiary, while still providing centralized data management.
SAP ERP: SAP is one of the leading ERP vendors in the market, offering a
wide range of ERP solutions for different industries. SAP ERP is a highly
customizable system that provides end-to-end integration of business processes,
including finance, logistics, and human resources.SAP (Systems, Applications,
and Products) is a German software company that provides various ERP
solutions, including SAP ERP. It is one of the most widely used ERP systems
globally and is popular among large corporations. It offers modules for various
business functions, including finance, procurement, sales, production planning,
and more.
Oracle ERP: Oracle offers a comprehensive suite of ERP solutions that cater to
the needs of different industries. Oracle ERP provides features such as financial
management, supply chain management, human resources management, and
project management.Oracle Corporation provides a range of ERP solutions,
including Oracle E-Business Suite, Oracle Fusion Applications, and Oracle
Cloud ERP. It is also one of the leading ERP vendors globally, providing
modules for various business processes, such as finance, human resources,
supply chain management, and more.
Sage ERP: Sage offers a range of ERP solutions for different industries,
including finance, manufacturing, and distribution. Sage ERP provides features
such as financial management, supply chain management, and human resources
management.
EXAMPLE:
Order Management: The system also manages the entire order lifecycle, from
order placement to delivery. It also automates the process of order fulfillment,
including generating shipping labels, tracking numbers, and invoices.
Customer Relationship Management: The system also tracks customer data,
such as order history, customer feedback, and customer support interactions.
Finance and Accounting: The system also manages the company's financial
transactions, including accounts payable and receivable, invoicing, and payroll.
The ERP system used by Flipkart is not publicly disclosed, but it is known that
they have developed their own customized ERP solution that is tailored to their
specific business needs. This allows Flipkart to manage their supply chain,
inventory, logistics, and other operations more efficiently.
Logistics management: The ERP system may also include features to manage
the logistics of product delivery, including tracking shipments, managing
carriers, and coordinating with warehouses and distribution centers.
Sales and order management: The ERP system likely includes features to
manage sales orders, process payments, and handle customer service inquiries.
Data analytics and reporting: Flipkart's ERP system may include tools for
analyzing data and generating reports to help them make informed business
decisions.