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Enterprise Resource Planning

  1. Asian School of Management and Technology Enterprise Resource Planning Presented By: Rachana Adhikari, Alisha Gurung, Pratap Ratna Bajracharya, Ramkrishna Bhandari, Ritej Tamang, Parbat Karki
  2. Enterprise Resource Planning • Software system that integrates various business processes and functions into a single system, providing a centralized view of an organization's data and operations. •Can manage and automate many of the day-to-day tasks involved in running a business, from accounting and financial management to supply chain management and customer relationship management.
  3. Benefits of ERP • help businesses streamline their operations, reduce inefficiencies, and eliminate redundancies. • provide real-time visibility into business performance, allowing executives to make data-driven decisions. • improve communication between departments and facilitate collaboration across different functions and locations.
  4. Supply chain management (SCM) • process of managing the flow of goods and services from raw materials to the final product, delivery, and post-delivery support. • involves coordinating and integrating activities across the entire supply chain, from suppliers to manufacturers to distributors to retailers to customers.
  5. Importance of SCM and ERP in business • Improved Efficiency • Enhanced Visibility • Cost Savings • Improved Customer Service • Competitive Advantage
  6. Role of ERP in Supply Chain •To integrate supply chain processes and data with other business functions. • provides a centralized view of the entire organization and helps businesses optimize their supply chain processes, data and analytics • help businesses improve their supply chain visibility, optimize inventory levels, streamline procurement processes, and improve delivery times. •With real-time data and analytics, businesses can make informed decisions, respond quickly to changing market conditions, and reduce costs throughout the supply chain. • help businesses achieve better collaboration with suppliers and customers, which can result in improved communication and more efficient processes. •By automating and streamlining supply chain processes, businesses can reduce errors and minimize the risk of stockouts or delays. •improve efficiency, reduce costs, enhance customer service, and gain a competitive advantage.
  7. Role of ERP in cross functional drivers performance 1.Improved communication and collaboration: 2.Real-time data visibility 3.Standardized processes: 4.Resource optimization: 5.Performance measurement:
  8. How companies have leveraged supply chain 1.Optimize Production Schedules: 1. Reduce Inventory Costs: 3.Improve Delivery Times: 4.Enhance Supplier Collaboration:
  9. Benefits of using an integrated system for ERP and SCM 1.Increased Visibility: 2.Improved Demand Forecasting: 3.More Efficient Procurement Processes:. 4.Better Collaboration: 5.Cost Savings:
  10. Future trend of ERP and SCM • Increased adoption of cloud-based systems • Greater use of Artificial Intelligence (AI) and Machine Learning (ML) • Increased focus on sustainability and social responsibility • Integration with other technologies • Increased emphasis on customer experience
  11. Conclusion • Powerful tool for managing and optimizing business operations. • Help businesses improve efficiency, reduce costs, and make data- driven decisions. • However, implementing an ERP system requires careful planning and execution to ensure success.