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ERP (Enterprise Resource Planning) is a software system used to manage the daily business activities and departmental processes of companies. It integrates operational transactions—such as sales, procurement, production planning, manufacturing, and shipping—with the business processes of departments including accounting, finance, import-export, human resources, R&D, quality assurance, and engineering. The History of ERP The 1970s and…
The origins of ERP systems can be traced back to MRP (Material Requirements Planning) software. The subsequently developed system, known as MRP II, was defined as Manufacturing Resource Planning. Thus, a system that was previously used solely for planning material requirements evolved toward planning production requirements, expanding the scope of the business operations. Following MRP…
ERP solutions are systems aimed at the optimum utilization of an enterprise’s existing resources. They serve to record and preserve all types of information and documents that are valuable or potentially valuable—providing added value today or in the future—within a centralized system. ERP software contains an “experience pool” designed to provide solutions for problems that…
The Role of ERP in Digital Transformation and Its Importance for SMEs Digital transformation has become essential for SMEs to enhance competitiveness and ensure sustainable growth. ERP systems play a critical role in this journey by offering advantages that support the digitization of business processes. So, what is ERP, and what are its benefits in…
A concept ever-present in our business lives, risk can be defined as an uncertain element or outcome involving harm, loss, or danger. In other words, Risk is the probability of something having a negative impact on objectives. There can be many risks in your business and its processes. These risks should be properly managed to…
You have sales orders, you have received your forecasts, you have determined your independent demands, in other words, your systemic demands have been determined in general. Let’s say you have the basic datas of the products, such as the BOM, the routes, as well as the parameters that affect material requirement planning, like safety stocks…