Enterprise Resource Planning systems (ERP) are the central instrument of corporate management today. They have been established in almost all companies as the means of increasing the efficiency and transparency of the tasks and processes in finance as well as in relevant areas of order processing (sales, materials management, production planning and control and project management). ERP systems also play an important role in the wake of the increasing digitalisation of business processes: They serve as the „Single Source of Truth“ where central master data and transaction data from the value chain are concerned (e.g.…
For some time now, the buzzword „Big Data“ has dominated expert magazines and, increasingly, the business press. Hidden behind the term „Predictive Analytics“ the focus is on the look ahead concerning demand, customer preferences or delivery dates. Especially applications scenarios from the consumer goods industry have caused quite a stir, for example, Amazon’s patented process of „anticipatory shipping„: The products which customers in a specific area are expected to be wanting are boxed and shipped even before they have been ordered.…
If your market does not stop at country borders, then neither does the need to plan and control your business processes! But can your ERP software handle foreign languages, laws and regulations? Does your ERP vendor supply full technical support abroad?
When businesses “go international” they do this to open new markets, accelerate growth and increase profitability. But to take advantage of these opportunities, they must be able to master quite a number of new challenges: They must manage financial operations across countries with different currencies, for example, different tax laws, and reporting and oversight requirements.…
The main goals of ERP usage can be summarised in one sentence: „‚Fast access‘ to ‚better information‘ in order to ‚optimise business processes’“.
The end-user of the ERP software tool plays a central role in this context: After all, the user is often the supplier and almost always the recipient of the data and the information processed by the ERP system.
Hence, aspects like practicality and ergonomics of the ERP software are important criteria when it comes to software selection – albeit clearly behind functionality and ergonomics.…
The ERP – Area program at CeBIT 2014 relies on facts and expertise when it comes to the future use of ERP software in the company . Trovarit, the producers of the ERP-Area Blog have again been commissioned to organise the ERP Forum and Guided Tours at CeBIT (March 10 to 14 , Hannover). Together with our partners VDMA and FIR at RWTH Aachen University, we have chosen the motto „ERP 2020: ERP of the future – the future of ERP“ for the event, thus placing the question of how ERP use and ERP software will develop over the next few years in the focus.…