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Enterprise Resource Planning Systems: Case Study Questions And Answers

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Question 1: (a) What is ERP?
Enterprise resource planning (ERP) systems are commercial software systems that can be defined as customizable, standard application software employed for the integrated management of businesses as a whole with the aim of the effective use of management resources to improve the efficiency of an enterprise. ERP systems is able to look into the business resources and the status of commitments made by the business and give a company a real-time cross-functional view of its core business processes, such as production, order processing, and sales, and its resources, such as cash, raw materials, production capacity, and people.
ERP software is designed to model and automate several of the essential processes …show more content…

7. Improved Supplier Performance
The capability of the supplier to deliver required raw materials or other component needed for production is very critical to the success of an organization. ERP systems provide vendor management and procurement support tools designed to coordinate all aspects of the procurement process and the features in the ERP will enable the companies to realize all these benefits.

Question 2: Explain common functionalities of ERP packages?

The following are common functionalities of an ERP System which are grouped together and refer to as ERP modules:
Financial accounting: This includes the following:
 General Ledger
 Fixed Asset
 payables
 Cash Management
 Financial Consolidation, etc.
Management accounting: This includes the

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