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ERP in Supply Chain Management

SCM consists of two or more organizations linked by material, information and financial flows to fulfill customer demands. Coordinating these flows improves competitiveness and can be done effectively using ERP systems. ERP integrates computer applications to manage internal and external resources like assets, finances, materials and human resources. It facilitates information flow between business functions to plan resource utilization for the organization. For example, an ERP system can automate the entire order process from placement to payment.

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Aparanjitha Randhi
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80 views1 page

ERP in Supply Chain Management

SCM consists of two or more organizations linked by material, information and financial flows to fulfill customer demands. Coordinating these flows improves competitiveness and can be done effectively using ERP systems. ERP integrates computer applications to manage internal and external resources like assets, finances, materials and human resources. It facilitates information flow between business functions to plan resource utilization for the organization. For example, an ERP system can automate the entire order process from placement to payment.

Uploaded by

Aparanjitha Randhi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

introduction

In a broad Sense SCM  consists of two or more legally separated organizations ,being linked  by
material, information and financial flows,These organizations may be firms producing Parts,
components and End Products,logistics service providers and even the customer [Link] this
definition in-corporates the target group –the ultimate customeaAnd the main method of improving
competitiveness of a  supply chain is by coordinating or planning of material, information  and
financial flows to fulfil ultimate Customer demands. And this Cordination of flows can be executed
effectively  by utilizing the latest developments  in information and communication technology  i.e
Erp
An Enterprise Resource Planning (ERP) system is an integrated computer-based application used to
manage internal and external resources, including tangible assets, financial resources, materials, and
human resources.
ERP: Enterprise Resource Planning ,Here Resource means 5 m’s
1. Money
2. Man power
3. Machinery
4. Material and
5. Management
And the main aim of this  Erp Package  is  Planning  of resources for proper utilization of resources
for a business [Link] purpose is to facilitate the flow of information between all business
functions inside the boundaries of the organization.
Ex,
Placing an order for a standard item,can now be taken over [Link] then controls the entire
process,From transmitting the order,order acceptance by the supplier and order execution,  until the
consignment is received and [Link],the amount  payable is transferred  to the supplier
account [Link] advantages stem from increased  speed and reduced errors.
Erp  tunes a company up to nowadays unpredictable markets by implementing these below
multipliers
•        Long range planning
•        Capacity requirement planning
•        Master scheduling
•        Rough cut capacity requirement planning
•        Detailed capacity requirement planning
•        Shop floor control
Supply chain management is greatly support

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