Let us introduce you to vast topics like ERP and SAP Business One. Go through this article to know more about ERP and SAP Business One-Facts about them and the modules available in SAP.
ERP
An ERP is a system that is used to manage and coordinate all the resources, information, and functions of a business. The full form of this abbreviation is Enterprise resource planning.
Few facts about ERP
- Enterprise resource planning (ERP) is a term usually used in conjunction with ERP software or an ERP system which is intended to manage all the information and functions of a business or company from shared data stores. It is a commercial software package that promotes seamless integration of all the information flowing through a company.
- An ERP system typically has modular hardware and software units and “services” that communicate on a local area network. The modular design allows a business to add or reconfigure modules (perhaps from different vendors) while preserving data integrity in one shared database that may be centralized or distributed.
- ERP systems work in real-time, meaning that the exact status of everything is always available. Further, many of these systems are global. Since they can be deployed at sites around the world, they can work in multiple languages and currencies.
Risks of ERP
- People
- Process
- Technology
People (69%)
- Change Management
- Internal Staff Adequacy
- Project Team
- Training
- Employee Re-Location and Re-training
- Staffing
- Top Management Support
- Consultant
- Discipline
- Resistance to Change
Process (18%)
- Program Management
- Business Process Reengineering
- Stage Transition
- Benefit Realization
Technology (13%)
- Software Functionality
- Technological Obsolescence
- Application Portfolio Management
- Enhancement and Upgrades
SAP Business One
The SAP Business One is an affordable, small business software management application that helps you run your entire business, including financials, sales, customer relationship management (CRM), inventory management, and operations, all in a single system.
Designed specifically for small businesses, it helps you streamline processes, act on timely information, and accelerate profitable growth.
Core modules of SAP Business One: –
- SAP B1 Administration Module: Configuration is performed here.
- SAP B1 Financials Module: Various accounting & financial activities are conducted here.
- SAP B1 Sales Opportunities Module: Here existing customers and potential accounts are structured and tracked.
- SAP B1 Sales Module: Here orders are entered, shipped and invoiced.
- SAP B1 Purchasing Module: Here purchase orders are issued and goods received into inventory.
- SAP B1 Business Partners Module: Business Partners (customers, vendors, and leads) are contacted and maintained here.
- SAP B1 Banking Module: Here cash is received and paid out.
- SAP B1 Inventory Module: Inventory is valued and managed here.
- SAP B1 Production Module: Here bill of materials is defined and manufacturing is tracked.
- SAP B1 MRP Module: Here purchase and production planning takes place.
- SAP B1 Service Module: After-service products are managed here.
- SAP B1 Human Resources Module: Here employee information is kept.
- SAP B1 Reports Module: System-default and user-defined reports are generated from here.
