Transcript

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by: India Wright,  Chase Mckenzie, and  Chase Stevens

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Welcome to Enterprise Resource Planning

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ERP refers to a type of software that organizations use to manage day to day business activities. 

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For example,  Accouting, Procurement, Project Management, Risk Management, Compliance, and Supply chain operations

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Integrated across a business organization to optimize efficiency by automating and simplifying individual activities

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HOW IS IT USED?

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- It improves strategic decision making.

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- Helps save money by  streamlining activity  between departments in  a business, better  analytics this making  business more self-aware.

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WHY IS IT IMPORTANT?

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Is expandable -- can grow to meet companies needs

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Identify key metrics

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Enhances decision making

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Consolidation of data across departments

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Pros

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Cons

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ERPs can be expensive depending  on company size, purchasing,  and maintaining the ERP system.

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Implementation can be a  challenge-- takes times, money and resources

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THANK YOU FOR WATCHING!!