ERP System

ERP System

Enterprise resource planning (ERP) is a business management software—usually a suite of integrated applications—that a company can use to collect, store, manage and interpret data from many business activities, including:-

• Product planning, cost
• Manufacturing or service delivery
• Marketing and sales
• Inventory management
• Shipping and payment

ERP provides an integrated view of core business processes, often in real-time, using common databases maintained by a database management system. ERP systems track business resources—cash, raw materials, production capacity—and the status of business commitments: orders, purchase orders, and payroll. The applications that make up the system share data across the various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP facilitates information flow between all business functions, and manages connections to outside stakeholders.

Enterprise system software is a multi-billion dollar industry that produces components that support a variety of business functions. IT investments have become the largest category of capital expenditure in United States-based businesses over the past decade. Though early ERP systems focused on large enterprises, smaller enterprises increasingly use ERP systems.

The ERP system is considered a vital organizational tool because it integrates varied organizational systems and facilitates error-free transactions and production. However, ERP system development is different from traditional systems development. ERP systems run on a variety of computer hardware and network configurations, typically using adatabase as an information repository.

Source : Wikipedia

E-Business

E- Business

Due to the progress of information technology, computerized information systems to produce a quality information today seems to have become a necessity. Computers are commonly used as a medium of data processing and communications both stand-alone company or a parent company and branch. the presence of network technology and communication via the Internet can overcome time and space constraints making it possible for the parent company and subsidiaries or branches perform data communication. with this facility, at any time, at any time the data entry and transaction processing can be done directly

Basic construction of several information technology infrastructure that led to the birth of e-business

This all activities the use of information technology to improve the way IT organizations do business processes. ) The business is not just an organization's external interactions with suppliers, customers, investors, creditors, government and the media, but also includes the use of information technology to redesign internal processes. with e-business, purchases and sales can be done quickly between cities, provinces, countries and even between continents though. this means the accounting cycle, during which only focused on one particular activity units 3 parent headquarters or branch office 3 children can be performed simultaneously and integrated. there is this article, the concept of e-business are discussed in its application to the processing of transaction data which is known as an internet based accounting Web-based Accounting.