Oracle Apps Technical is ERP package (Enterprise Resource
Planning) designed on the basis of Generally Acceptable Accounting Principles
[GAAP]. Oracle Applications comprise the application software or business
software of the oracle corporation. Descriptive Flex Fields capture business
information and add attribute columns. Qualifiers identify segments and in QA
framework MDS defines the personalization reports.
Enterprise resource planning (ERP) is business process
management software that allows an organization to use a system of integrated
applications to manage the business and automate back office functions. ERP
software integrates all facets of an operation, including product planning,
development, manufacturing processes, sales and marketing.
1.
Complete visibility into all the important processes across
various departments of an organization (especially for senior management
personnel).
2.
Automatic and coherent work-flow from one department / function
to another to ensure smooth transition/ completion of processes.
3.
A unified and single reporting system to analyze the statistics/
numbers/ status etc in real-time, across all the functions / departments.
4.
Since same software is used across all departments – this can
avoid individual departments having to buy and maintain their own software
systems.
5.
Certain ERP vendors can extend their ERP systems to provide
Business Intelligence functionalities as well.
6.
Advanced e-commerce integration is possible with ERP systems
that can handle web-based order tracking/ processing.
7.
There are various modules in an ERP system like Finance/
Accounts, Human Resource Management, Manufacturing, Marketing / Sales, Supply
Chain / Warehouse Management, CRM, Project Management, etc.
8.
Since ERP is a modular software system, its possible to
implement either a few modules (or) many modules based on the requirements of
an organization. If more modules implemented, the integration between various
departments might be better.
9.
ERP systems provide visibility and hence enable better/ faster
collaboration across all the departments.
10.
It is possible to integrate other systems (like bar-code reader,
for example) to the ERP system through an API (Application Programing
Interface).
11.
ERP systems make it easier for order tracking, inventory
tracking, revenue tracking, sales forecasting and related activities.
12.
ERP systems are a boon for managing globally dispersed
enterprise companies.
1.
The cost of ERP Software, planning, customization,
configuration, testing, implementation, etc is too high.
2.
ERP deployments take 1-3 years to get completed and fully
functional.
3.
Too little customization may not integrate the ERP system with
the business process & too much customization may slow down the project and
make it difficult to upgrade.
4.
The cost savings/ payback may not be realized immediately after
the ERP implementation & it is quite difficult to measure the same.
5.
The participation of users is very important for successful
implementation of ERP projects – So, exhaustive user training and simple user
interface might be critical. But ERP systems are generally difficult to use
(and learn).
6.
There maybe additional indirect costs like new IT
infrastructure, upgrading the WAN links, etc.
7.
Migration of existing data to the new ERP systems is always
difficult to achieve as with integrating ERP systems with other stand alone
software systems.
8.
ERP implementations are difficult to achieve in decentralized
organizations with disparate business processes and systems.
9.
Once an ERP systems is implemented it becomes a single vendor
lock-in for further upgrades, customizations etc.
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