Therefore adopting an erp might be of value for

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Therefore, adopting an ERP might be of value for organizations. ERP systems functionality As mentioned earlier ERP system categorize in 4 tiers depending on their complexity, features and functionality. In this section we will investigate some of the most used ERP systems. ERP systems provide role-based access to crucial data, applications, and analytical tools in the Following areas (SAP, 2011): Financials – Ensure compliance and predictability of business performance – so organization can gain a deeper financial insight across the enterprise and tight ten controls of finances. They automate financial and management accounting and financial supply chain management.
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Human Capital Management – Optimize human resource processes with a complete, Integrated and global human capital management solution. Organizations can Maximize the potential of workforce, while supporting innovation, growth, and Flexibility. They can automate talent management, core HR processes, and workforce deployment – enabling increased efficiency and better compliance with changing global and local regulations. Operations – Manage end-to-end procurement and logistics business processes for complete business cycles including Bill of Materials, Order Management, Rough Cut Capacity Planning, Material Requirements, Planning, Capacity Requirements Planning, Purchasing, Inventory Management, Shop Floor Control, Forecasting, Demand Management, Master Production Scheduling, Product Costing Corporate Services – Helps organizations manage their most cost-intensive corporate functions by supporting and streamlining administrative processes in the areas of real estate;
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