100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Comprehensive ERP Summary CA$9.03   Add to cart

Summary

Comprehensive ERP Summary

1 review
 30 views  0 purchase
  • Course
  • Institution
  • Book

In the third year of the Business Management SME course, the ERP & Quality Control lessons are given. This is a comprehensive summary of the lessons, the PowerPoints and the book. Studying this summary should be sufficient to pass the ERP part of this course with a high score. In addition, I also s...

[Show more]

Preview 3 out of 72  pages

  • Yes
  • October 11, 2023
  • 72
  • 2022/2023
  • Summary

1  review

review-writer-avatar

By: davyameye2003 • 10 months ago

avatar-seller
Lesson 1: What is ERP? Course book p. 1-35


Manage processes with ‘ERP software’:

ERP = Enterprise Resource Planning:

→ a software for companies
→ it manages the resources (people & materials)
→ it plans the sequence (= volgorde van handelingen)


Why using ERP software:

Communication between departments is very important,
therefore an ERP software can be used:

• Contract in computer (name customer, the product wanted,…)
• Automatic search in stock
• Automatic calculation of the delivery date (based on availability and production time)
• Automatic order parts (via system, vendors in system, parts in system)
• Automatic start of production steering
• Automatic stock keeping


Input for the ERP software:

An ERP system is the heart of a company, there will be input from all departments:

,People feed the system → only correct input of data will lead to success


Principles:

• Segregation of duties (SOD) (= scheiding van taken, functiescheiding)
o Every duty including documentation, physical delivery and financial document
(3-way match) needs to be done by someone else
o No one can do two or more steps, to decrease the chances of fraud

• Master data management
o A separate department (MDM-department) which is dedicated to add and
change master data in the system
o It is a separate department to avoid double entries, because they understand
the significance of every field and because they can check the correct
sequence of entrance
o Those people will not be allowed to do transactions in the system,
to decrease the chances of fraud

• A lot of data in 1 database
o Gives opportunities for analysis
o Big data → you can add data from external factors (other companies, the
internet,…) to your own data to develop new strategies and be future proof
o There are a lot of tools to analyze data
▪ (Online Analytical Processing Tools (OLAP))

, Software suppliers:

There are a lot of software suppliers on the market, depending what sort of company you
are (service industry, production industry,…), you will find different types of ERP software




SAP is the market leader in enterprise software


Advantages of SAP:

• Professional
• For all industries (very extended software)
• World wide usage
• Advantage for future job opportunities

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller femkerogiers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$9.03. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$9.03
  • (1)
  Add to cart