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Enterprise Resource Planning

ERP, which is an abbreviation for Enterprise Resource Planning, is principally an integration of business management practices and modern technology. Information Technology (IT) integrates with the core business processes of a corporate house to streamline and accomplish specific business objectives.
Consequently, ERP is an amalgamation of three most important components; Business Management Practices, Information Technology and Specific Business Objectives. In simpler words, an ERP is a massive software architecture that supports the streaming and distribution of geographically scattered enterprise wide information across all the functional units of a business house. It provides the business management executives with a comprehensive overview of the complete business execution which in turn influences their decisions in a productive way.
At the core of ERP is a well managed centralized data repository which acquires information from and supply information into the fragmented applications operating on a universal computing platform.
Information in large business organizations is accumulated on various servers across many functional units and sometimes separated by geographical boundaries. Such information islands can possibly service individual organizational units but fail to enhance enterprise wide performance, speed and competence.
Today's ERP software architecture can possibly envelop a broad range of enterprise wide functions and integrate them into a single unified database repository. For instance, functions such as Human Resources, Supply Chain Management, Customer Relationship Management, Finance, Manufacturing Warehouse Management and Logistics were all previously stand alone software applications, generally housed with their own applications, database and network, but today, they can all work under a single umbrella - the ERP architecture.
The Ideal ERP System An ERP system would qualify as the best model for enterprise wide solution architecture, if it chains all the below organizational processes together with a central database repository and a fused computing platform.
Manufacturing
Engineering, resource & capacity planning, material planning, workflow management, shop floor management, quality control, bills of material, manufacturing process, etc.
Financials
Accounts payable, accounts receivable, fixed assets, general ledger, cash management, and billing (contract/service)

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Data Warehouse/Business Intelligence
 
A data warehouse is a repository of an organization's electronically stored data. Data warehouses are designed to facilitate reporting and analysis
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Enterprise Resource Planning
  ERP, which is an abbreviation for Enterprise Resource Planning, is principally an integration of business management
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A content management system (CMS) is a collection of procedures used to manage work flow in a collaborative environment
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Software Engineering Solutions (SCM) is the task of tracking and controlling changes in the software.
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Technical architecture defines the "technologies" that are required to support an organization's automation environment
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  Project management is that discipline that employs skills and knowledge to achieve project goals through various project activities.
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IT Consulting
 
Is an umbrella term describing the entire field of consulting relating to technology; covering internet, hardware and software.
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Human Resource
Recruitment, benefits, compensations, training, payroll, time and attendance, labour rules, people management
Supply Chain Management
Inventory management, supply chain planning, supplier scheduling, claim processing, sales order administration, procurement planning, transportation and distribution
Projects
Costing, billing, activity management, time and expense
Customer Relationship Management
Sales and marketing, service, commissions, customer contact and after sales support
Data Warehouse
Generally, this is an information storehouse that can be accessed by organizations, customers, suppliers and employees for their learning and orientation
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