Skip to main content

WHAT IS ERP AND UNDERSTANDING THE IMPORTANCE OF SAP

When you have to get a job done with limited resources or on an approaching deadline, you can only do so by proper PLANNING. We come across such a situation every day, for example, running out time in completing our assignments or playing a sport with worn-out resources. Even in the business world and industries, proper planning is essential to make sure that the company is moving towards success. Several tools are available to ensure planning at every level in a company, from the operational level to the strategic level. ENTERPRISE RESOURCE PLANNING (ERP) is the most commonly used tool for this. Let us look at it in detail.


WHAT IS ERP?

Enterprise Resource Planning (ERP) refers to software systems used to organise and manage all the core processes of an organisation such as supply chain, manufacturing, services, financial and others. ERP software can be used to automate and simplify individual activities across a business or organisation, such as accounting, audit, procurement, project management, customer relationship management, risk management, compliance and supply chain operations.

 

It has had a significant impact on the world of business. Its many benefits include:

Real-time Information generated reports to improve insight.

Enhanced communication through more comfortable sharing of data.

Improved efficiency through many unique functions.

Lower management and operational costs through uniform and integrated systems.

Reduced risk through improved data integrity and financial controls.

 

UNDERSTANDING SAP

SAP stands for Systems Applications and Products in Data Processing, which was developed in 1972 in Germany by Wellen Reuther, Hopp, Hector, Plattner, and Tschira. It incorporates the critical business functions of an organisation. The latest version of SAP ERP was made available in 2006. SAP system consists of several fully integrated modules, which covers virtually every aspect of business management.

Among 196+ products available in the enterprise applications market today, SAP is the global leader. It is mostly due to its customer-friendly nature. SAP provides the users with a variety of modules based on individual needs and incorporates implementation partners to help ease the process. Modifications in the product come in the form of Enhancement Packages, which makes it easier to understand in the market as well.

Other notable features of SAP, which set it apart from its competition, are:

Secure Database: SAP ERP has its database called the HANA database, which, unlike other software, has in-memory database technology which stores data in the RAM; this allows for faster and much more secure data transactions and processing.

Solution Specificity: SAP ERP solely focuses on finding specific solutions to a user's problems, for which, there are regular updates in the form of Enhancement Packages which help narrow down possibilities to the users. 

Market Diversity: SAP ERP dominates the market with about 56% of the market share of the ERP industry, solely due to the robust product design and regular updates and support which go down well in the market. As the world's third-largest independent software provider, SAP delivers business solutions to more than 36,200 customers in more than 120 countries around the world.

Reliability: With the help of an ecosystem, the SAP ERP provides recognition of emerging requirements of businesses as a benefit. The client firms can benefit from the SAP ERP when they work in coordination with their suppliers and partners. This coordination provides a healthy discussion regarding SAP ERP, and those who are working toward a typical project can come up with a standard solution.











Visit us at www.learningatedify.com

Comments

Post a Comment

Popular posts from this blog

E-learning – The Future of Quality Education

                                         With the advent in the field of technology, education is now no longer confined within four walls but has now become boundaryless. The Internet has long ago made it possible to gather knowledge from any corner of the world. Today it is possible to pursue education online. Anyone anywhere can pursue any degree or certificate course online. Education has now become virtual. There are numerous such sources available online that can help us increase our knowledge and skills. What is E-learning? E-learning or ‘Electronic Learning’ is any form of learning through an electronic medium. It includes videoconferencing, online courses, one to one customized learning programs and courses, etc., which is totally online. E-Learning includes any form of learning through the Internet like distance education, online learning, mobile learning, etc. E-Learning has transformed the whole education system from primary classes to the highest de
2 comments
Read more

SAP – ERP

SAP stands for Systems,  Applications, and Products in Data Processing and ERP stands for Enterprise Resource Planning, hence combining both abbreviations can be understood as software that is meant for the use of the enterprise holistic use. SAP holds its initiation in the year 1972. It was formed by 5 former IBM employees from Germany who thought of such a revolutionary idea to develop software that can satisfy the needs of an organization. The company offers solutions based on cloud, premises and hybrid deployment models that enable its customers who are normally small and medium-sized enterprises to integrate various functions of management processes like production, finance, human resource, sales, IT, accounting, etc.  This facilitates the effective use of resources, including manpower, machines and production capacities. The various solutions offered by SAP for various management functions are as follows:- Human Capital Management (SAP HCM) Production Plann
Post a Comment
Read more

Adaptive Learning – Future of e-learning industry

Adaptive learning is a revolution in the field of education. This system uses computer algorithms to customize learning resources as per requirement of the learner. This system of e-learning is very useful not only for students but also for professionals. The genesis of this system is based on the fact that customized learning was not possible on a large-scale basis. Well adaptive learning breaks all the traditional dilemmas and provides a solution which is quite scalable.    This technology of learning has its origin since the AI movement but gained momentum in mid 1970’s. The system hence delivers custom learning capabilities that address the distinctive needs of an individual through just-in-time feedback, pathways, and resources in place of generalized experiences.   Imagine a tutor, like one in this picture helping the student understand a concept. Here, the tutor adapts according to the understanding level of the students and modifies the approach. Now, as the
Post a Comment
Read more