Overview of ERP Systems

ERP (Enterprise Resource Planning) is a notion that was introduced back in the 1990s, in order to replace what was known as Manufacturing Resource Planning. The two notions basically refer to the same aspect: a software that is used in order to help users manage the information inside a company in a faster and more effective manner. The term was introduced by Gartner and it is now widely used all around the world.

Despite the fact that the notion is relatively new, the idea has been around for more than half a century, since the first software of this kind was implemented back in the 1950s. At first, it aimed to help business owners manage the inventory faster and easier, as well as to develop requirement plans for the materials. Moreover, the introduction of the bill-of-material processors was also a big step forward that has influenced the evolution of enterprise resource planning software.

The first MRP systems included basic features and functions that were later improved – this is how the ERP systems have emerged. As a matter of fact, the core calculation that was used by manufacturing resource planning systems five decades ago are still the foundation of today’s ERP software, to which developers have added additional features regarding the costing, financial management, sales or production control.

Otherwise stated, ERP is a new name given to an old practice that encompasses a wide array of applications and features, from distribution planning and warranty tracking to e-commerce management and others.

The modern enterprise resource planning systems are cost-effective and they come with a user-friendly, intuitive interface that makes them very easy to implement and use in the long run. They thoroughly plan and manage aspects like security and operation control and they can be easily implemented using handy business tools like the well-known Microsoft Office package.Odoo erp is an open source ERP which has a greater flexibility in terms of implementation and customisation comparing to other ERPs.Odoo has given a title of Odoo partners for genuine Odoo vendors.

ERP systems can be purchased from one of the numerous developers that specialize in this type of software. These developers usually design software that is aimed at SMEs (small and medium enterprises), and some of the most popular ERP developers and suppliers at the moment are Microsoft, SAP, and Oracle. All of them deliver reliable, top-notch systems that allow owners to manage their business more effectively.

Nonetheless, it must be mentioned that ERP systems are not designed exclusively for the manufacturing industry – at the moment, this software is widely used in hospitals, wholesale distributors, as well as by service providers.

Even so, many companies are still unaware of ERP systems and their benefits. ERP solutions are very complex by nature; they encompass a wealth of different features and functionalities and they come with varying price tags as well. As a general rule, the more complex the system (and the bigger the company), the more expensive it will be. One of the most notable benefits of ERP solutions is that they are very versatile and they can easily adapt to almost any business.

To sum it up, ERP systems are used in different industry environments and in different niches, from the food industry to the airline industry. It is important to choose the ERP solution that best meets your business needs that can be implemented quickly and effortlessly and that your employees will quickly adapt to. cafit