Enterprise Resource Planning - 5 Steps in Planning

Enterprise Resource Planning

ERP is “a system to integrate all functions of management through its all-business processes.”

While Total Quality Management & Lean Management systems are execution tools, ERP is a planning tool. It is data management system. Data is the key of any business. Every decision should be backed with data. So, even for a small business, ERP is a must need. ERP enhances to execute, track & monitor business & consequent functional goals & take a rational decision on the outcome at every stage.

Any business has various functions like Marketing, Finance, Operations & Human Resource. In manufacturing, operations is the most complex function.

Production planning & control is the heart of ERP system. It involves following 5 steps in planning.

1) Production Planning
2) Master Planning
3) Material Planning
4) Production Activity Control
5) Purchasing

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