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Information Systems Integration - MRP to ERP
ERP (enterprise resource planning) has been defined by Deloitte and Touche as 'packaged business software systems' that allow companies to:
ERP's objective is to co-ordinate the entire business across all its information network. The package manages all information flows including, material, financial, customer orders, vendor orders and provides management with a control system to ensure that plans are compared against actual performance. ERP therefore is an essential feature of an integrated supply chain management. Not only is the automation of information handling important, but management has the ability to control and measure the performance of the system.
Explain what is Planning. It can be defined as deciding in advance regarding the objectives to be pursued through the enterprise, the selection of best option course of action
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When a firm is able to move to an assemble- To- Order capability from a make -To- Stock approach, there can be a substantial reduction in the number of things that must be tracked
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