Introduction To Erp And Sap Business One

System that is used to manage and coordinate all the resources, information, and functions of a business. The full form of this abbreviation is Enterprise resource planning.

Few facts about ERP:

1.Enterprise resource planning (ERP) is a term usually used in conjunction with ERP software or an ERP system which is intended to manage all the information and functions of a business or company from shared data stores. It is a commercial software package that promotes seamless integration of all the information flowing through a company.
2.An ERP system typically has modular hardware and software units and "services" that communicate on a local area network. The modular design allows a business to add or reconfigure modules (perhaps from different vendors) while preserving data integrity in one shared database that may be centralized or distributed.
3.ERP systems work in real-time, meaning that the exact status of everything is always available. Further, many of these systems are global. Since they can be deployed at sites around the world, they can work in multiple languages and currencies.

Risks of ERP:

People
Process
Technology

People (69%)

Change Management
Internal Staff Adequacy
Project Team
Training
Employee Re-Location and Re-training
Staffing
Top Management Support
Consultant
Discipline
Resistance to Change

Process (18%)

Program Management
Business Process Reengineering
Stage Transition
Benefit Realization

Technology (13%)

Software Functionality
Technological Obsolescence
Application Portfolio Management
Enhancement and Upgrades

SAP Business One:- The SAP Business One is an affordable, small business software management application that helps you run your entire business, including financials, sales, customer relationship management (CRM), inventory management, and operations, all in a single system.
Designed specifically for small businesses, it helps you streamline processes, act on timely information, and accelerate profitable growth.

Core modules of SAP Business One: -

Administration Module: Configuration is performed here.
Financials Module: Various accounting & financial activities are conducted here.
Sales Opportunities Module: Here existing customers and potential accounts are structured and tracked.
Sales Module: Here orders are entered, shipped and invoiced.
Purchasing Module: Here purchase orders are issued and goods received into inventory.
Business Partners Module: Business Partners (customers, vendors, and leads) are contacted and maintained here.
Banking Module: Here cash is received and paid out.
Inventory Module: Inventory is valued and managed here.
Production Module: Here bill of materials is defined and manufacturing is tracked.
MRP Module: Here purchase and production planning takes place.
Service Module: After-service products are managed here.
Human Resources Module: Here employee information is kept.
Reports Module: System-default and user-defined reports are generated from here.