Monday 24 June 2013

ERP OVERVIEW

# It is an abbreviation for Enterprise Resource Planning.
# It is a concept of resource management (resource includes employees, raw materials, finished products,etc)  in a firm. 

# E ---> Enterprise
# R --->Resource (It can be remembered as 5M's)
            1. Material { module: MM and SD}
            2. Market {module: SD}
            3. Money {module: FICO}
            4. Manpower {module: HR}
            5. Machine{ module: PP}
# P --->Planning (use of available resources)


# NOTE:
 * MM : Material Management module.
 * SD: Sales & Distribution module.
 * FI-CO: Finance & Controlling module.
 * HR : Human Resource module.
 * PP : Production & Planning

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