Manufacture ERP

Enterprise Resource Planning is the latest high-end solution, information technology has lent to business application. The ERP solutions seek to streamline and integrate operation processes and information flows in the company to synergise the resources of an organization namely men, material, money and machine through information. Today many companies in India have gone in for implementation of ERP and it is expected in the near future that 60% of the companies will be implementing one or the other ERP packages since this will become a must for gaining competitive advantage.


Sooner or later a Chartered Accountant without the knowledge of ERP may feel as if he is a fish out of the bowl. By this article it is attempted to highlight various aspects of ERP and specific areas of ERP that are relevant for Chartered Accountants.

Futures of ERP

Some of the major features of ERP and what ERP can do for the business system are as below


ERP facilitates company-wide Integrated Information System covering all functional areas like Manufacturing, Selling and distribution, Payables, Receivables, Inventory, Accounts, Human resources, Purchases etc.,


ERP performs core corporate activities and increases customer service and thereby augmenting the Corporate Image.


ERP bridges the information gap across the organization.


ERP provides for complete integration of Systems not only across the departments in a company but also across the companies under the same management.


ERP is the only solution for better Project Management.


ERP allows automatic introduction of latest technologies like Electronic Fund Transfer (EFT), Electronic Data Interchange (EDI), Internet, Intranet, and Video conferencing, E-Commerce etc.