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Oracle ERP - What Is It & What Are Its Benefits

Jun 11, 2008
There are many different systems now available that internet based businesses can use to help organize their various processes much more effectively, one of these being Oracle ERP. In fact of all the systems used today for helping a business to run more smoothly ERP (Enterprise Resource Planning) ones are the most commonly and widely used of them all.

Through using an ERP software package such as Oracle's a business will soon begin to see their performance levels improving. Along with the system helping you to plan effectively how the various resources within your business are used these ERP systems also help you to control and manage these resources much better.

The various ERP software programs that you see today consist of several different modules which allow you to smoothly and effectively integrate various activities within your business. These programs are designed not only to look after the product planning side of your business, but also helping you with the purchasing of items, keeping track of your inventory and track orders placed and how the product is distributed.

Back in the 1960s many businesses were using inventory management and control systems as a way of tracking their inventory from the manufacturing stage through to the where the completed product was sent out. However, this system was often flawed as it needed to be regularly updated and concise records kept at all times.

It was however in the 1980's that we soon begun to see big changes when it came to managing and controlling the way a business ran effectively. It was at this time that batch manufacturing software was developed known as MRP (Manufacturing Requirements Planning) and which had evolved from the earlier systems being used during the 1960's and 1970's. This is also the software program from which ERP evolved and which is now more commonly used. Just like ERP, MRP was found to have many things that were beneficial to running a business successfully.

1. Firstly, ERP has been found to improve the co-ordination between various departments within a business, making them much more productive as well as making savings on the work that they do.

2. Secondly, an ERP system like the one developed by Oracle is one that can help you to manage your day to day business matters more effectively. Again this not only saves you time, but will end up saving you money and possibly increase your revenue levels as well.

3. Another of the benefits to be gained from using Oracle ERP software system is that it is able to transfer crucial information from one section of the business to another more quickly. This means that responding to anything of importance can be done so more quickly and effectively.

4. Finally, when it comes to using Oracle ERP software by having important information easily to hand one can make more informed decisions on how the business should be progressing.

The Oracle ERP system which you choose for your business will be dependent upon a number of different factors. One of these being whether in fact you have used such a software program before. The other factors that need to be taken into consideration when selecting such a program is the size of your business and how you want to run it. Only when you have answered these questions truthfully can you then make an informed decision as to which is the best ERP software system for your business.
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