What Is an ERP?

ERP is stands for Enterprise Resource Planning

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 many back office functions related to technology, services and human resources. ERP software integrates all facets of an operation, including product planning, development, manufacturing, sales and marketing.

ERP software is considered an enterprise application as it is designed to be used by larger businesses and often requires dedicated teams to customize and analyze the data and to handle upgrades and deployment. In contrast, Small business ERP applications are lightweight business management software solutions, customized for the business industry you work in.

ERP Software Modules:

ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing. A business can use ERP software to manage back-office activities and tasks including the following:

Distribution Process Management, Supply Chain Management, Services Knowledge Base, Configure, Prices, Improve accuracy of financial data, facilitate better project planning, automate employee life-cycle, standardize critical business procedures, reduce redundant tasks, assess business needs, accounting and financial applications, lower purchasing costs, manage human resources and payroll.

Some of the most common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR. 

The basic goal of using an enterprise resource planning system is to provide one central repository for all information that is shared by all the various ERP facets to improve the flow of data across the organization.

ERP Vendors:

Depending on your organization's size and needs there are a number of enterprise resource planning software vendors to choose from in the large enterprise, mid-market and the small business ERP market.

Large Enterprise ERP (ERP Tier I):

The ERP market for large enterprises is dominated by three companies:

SAP, Oracle and Microsoft.

Mid Market ERP (ERP Tier II):

For the midmarket vendors include...

Infor, QAD, Lawson, Epicor, Sage and IFS.

Small Business ERP (ERP Tier III): 

Exact Globe, Syspro, NetSuite, Visibility, Consona, CDC Software and Activant Solutions round out the ERP vendors for small businesses.

What is an Oracle EBS Application?

Oracle EBS stands for Enterprise Business Suite.

Oracle E-Business Suite (EBS) is an internet enabled product that can be managed from a single site. A company can operate a single data center with a single database, similar to other ERP products. Oracle EBS includes the company’s enterprise resource planning (ERP) product as well as supply chain management (SCM) and customer relationship management (CRM) applications.

Each application is licensed separately so companies can select the combination that is suitable for their business processes.

The applications found in the Oracle EBS include:

·         Oracle CRM

·         Oracle Financials

·         Oracle Human Resource Management System (HRMS)  

·         Oracle Logistics

·         Oracle Supply Chain Applications 

·         Oracle Order Management

·         Oracle Transportation Management

·         Oracle Warehouse Management System

In this blog we are going to discuss in detail on Supply Chain Management module like Inventory, Purchasing, Advanced Pricing and Order Management. 

Here we are going to discuss more on Oracle ERP i.e Oracle E-Business Suite...