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What is Enterprise Resource Planning?
Enterprise Resource Planning includes collecting, analyzing, and planning resources such as finance, human resources, brand, management system processes, etc., that the business currently holds. However, manual planning is time-consuming and costly for the business. Managers put in a lot of effort but with low efficiency. To assist managers in planning, ERP software can provide automated system support.
2. What is ERP?
ERP stands for Enterprise Resource Planning. It allows organizations to use a system of integrated applications to manage the business and automate many office functions related to technology, services, and human resources. ERP helps you manage finance, human resources, payroll, and services. It supports sales and purchase management, inventory status, production, customer care, and product marketing. You can analyze, evaluate, and make forecasts. Resources are thus formed. Planning involves building processes to resolve work automatically among departments within the company.
3. Why ERP Software?
ERP management software is an information system that connects all business operations to maximize resource exploitation. It helps increase labor productivity and save maximum time, thereby improving the company's business operations.
4. Seven Main Functions of ERP
- Customer Relationship Management (CRM)
- Purchase Management
- Sales Management
- Inventory Management
- Production Management
- Financial Accounting
- Human Resource Management
5. Seven Benefits of Enterprise Resource Planning
- Efficient coordination between departments
- Reliable management information
- Reduced inventory levelsStandardized personnel information
- Integrated customer order information
- Increased production efficiency
- Clearly defined business processes
In Vietnam, there are already enterprises using ERP systems, but the adoption is still unclear. Few software companies build full-featured modules to the standard of global ERP systems. You should thoroughly research before choosing the best solution. Does the solution meet both current and future needs? Can it integrate with other solutions? Which features are the most important?
Conclusion
Hopefully, through this article "What is ERP – Is there Enterprise Resource Planning?", you can find a solution for your business. The Vietnamese enterprise software industry is making significant strides and breakthroughs as it integrates globally. This helps Vietnamese businesses obtain sophisticated solutions that meet current needs and anticipate future demands. You should also consider whether the ERP system is suitable for your business. Currently, in Vietnam, domestic software does not yet fully meet the requirements, while foreign software differs in language and management methods.
