What is ERP ? How ERP is different from MRP-II ?
Answers
What is ERP?
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.
How is it different from MRP-II
ERP Software stands for Enterprise Resource Planning and is an information system designed to coordinate the resources, information and processes within an organization. It is comprised of a common database that provides interfaces and information to every department within the business. MRP – Materials Requirement Planning (MRP) or Manufacturing Resource Planning (MRP II) -- is a predecessor to ERP and is a production planning, scheduling, and inventory control system used to manage manufacturing processes.
Answer:
A type of software used to manage an organization's resources is ERP, which stands for Enterprise Resource Planning. ERP applications are used by many types of businesses, but they are most common in large companies with complex operations. In order to be successful, these organizations need to ensure that all aspects of their business are running efficiently. An ERP system will help them do this by linking together the functions of different departments and processes within the organization.
Explanation:
A comprehensive ERP solution incorporates three essential elements of modern business management technology into one seamless system: financial management, manufacturing execution and materials requirements planning, and customer relationship management. Essentially, an enterprise resource planning solution enables you to efficiently manage your business operations by streamlining various processes into one integrated workflow that empowers your company to work more efficiently and adapt more quickly to market changes. In the following article, we explore the main features of both manufacturing resource planning (MRP) and enterprise resource planning (ERP), outlining the differences between the two so you can make a more informed purchasing decision when considering an ERP solution for your business.