The requirements of successful ERP (Enterprise Resource Planning) implementation in SME’s | The Oxford Review - OR Briefings

The requirements of successful ERP (Enterprise Resource Planning) implementation in SME’s

Research Briefing

Keywords: Enterprise Resource Planning, Small and Medium Enterprises; challenges; solutions; requirements

Enterprise Resource Planning (ERP) or the integrated management of connected core business processes such as…

  1. Finance & Accounting: General ledger, fixed assets, payables including vouchering, matching and payment, receivables, cash management and collections, financial consolidation.
  2. Management Accounting: Budgeting, costing, cost management, activity-based costing.
  3. Human resources: Recruiting, training, rostering, payroll, benefits, retirement and pension plans, diversity management, retirement, separation.
  4. Manufacturing: Engineering, bill of materials, work orders, scheduling, capacity, workflow management, quality control, manufacturing process, manufacturing projects, manufacturing flow, product lifecycle management.
  5. Order processing: Order to cash, order entry, credit checking, pricing, available to promise, inventory, shipping, sales analysis and reporting, sales commissioning.

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