What is ERP It's a business brain

What is ERP?

The Best Business Decision Most Businesses Ever Make What Is ERP? ERP stands for enterprise resource planning, which is multi-purpose business software that can take the place of most or all of the applications used to run a business today. It is designed to help you consolidate all of your company’s business functions into a…

MRP Will Turn Your Business into a Manufacturing Powerhouse

Material Resource Planning Provides Manufacturing Power

       What is Materials Resource Planning (MRP)? Material Resource Planning (MRP) A material resource planning system is used by manufacturing firms to provision material, machinery, and labor for the completion of manufacturing jobs. MRP relies on bill of material data, inventory, purchasing, and the master production schedule to calculate requirements for materials. MRP…

ERP Jargon Defined

What Does the Accounts Receivable Module Do in an ERP Solution?

Accounts Receivable (AR) Module is a Key Element of Customer Management Accounts Receivable An accounts receivable (AR) application records and tracks invoices to clients. Additionally, a receivables module allows you to apply interest and manage collections. What can Accounts Receivable do for me? With this application, you can easily track late payments and interest rates.…

What is SCM

What is Supply Chain Management?

Managing a Supply Chain for Value and Efficiency History of Supply Chain Management Though supply chains have been around for centuries (e.g. the Egyptians who built the pyramids certainly had their methods of keeping everything running smoothly), the concept itself took off during the Industrial Revolution. Businesses discovered that when companies used assembly lines to…

What is Supply Chain Management

What is Supply Chain Management?

Supply Chain Management is Everything If you have ever purchased anything, ever, in your life, you have participated in supply chain management. Supply Chain Management is simply the management of the process (and all related processes) necessary to obtain raw or wholesale goods, transport them, process or finish them, and get them into the hands…