E: enterprise R: resource P: planning
An enterprise which can be any business or a company has many resources including financial resources, inventory, human resources, production resources, etc. and it is essential to have resource planning as It helps to manage and integrate different parts and functions of an enterprise in the most effective way.
So an ERP is an ecosystem of all the processes and resources of an enterprise integrated on a single platform where each department still has its own system, but all of the systems can be accessed through one application(web or phone) with one interface that an organization can use to collect, store, manage, and interpret data from these many different systems. It is generally a modular software system(core software components, often called modules) having different modules designed to integrate the main functional areas of an enterprise into a unified system working in realtime & mediated with software and technology.
ERP systems are designed around a common, defined data structure (schema) that typically has a common database. This helps provide information across the enterprise, connecting systems and the people who use them.
To simply put, ERP is a magic wand for integrating people, processes and technologies across a modern enterprise.
What does an ERP do for you?
An ERP system can automate routine business processes resulting in saving thousands of your valuable money and time on repetitive and mundane tasks that can be automated easily, and store data in a centralized location, not just making the information promptly open to each one of the users to perform tasks, but also enabling automated communication between different departments.
- Automation boosts efficiencies and productivity.
- Improved insight from real-time generated reports.
- Assured growth by managing complex processes at a time.
- Reduced risk through improved data integrity and security.
- Lower operational expenses through streamlined processes.
- Encourages collaboration using data sharing and integrated information.
- Lower management and operational costs through integrated systems.
Sectors in which ERP is used:
As the flexible nature of ERP software enables organizations across industries to implement solutions dependent on their business needs, almost every industry need ERP solutions for better business planning and operations. Some of the major industries that utilize ERP include:
- Health Care
- Education Sector (schools and coaching centers)
- Manufacturing & Distribution
- Construction & Real Estate
- Media and Advertising
- Industrial Services
- Supply Chain and many more.
Schoollog is one such ERP, catering to the education sector since 2015 in many parts of India.