ERP Interview Question

Discussion in 'Computer Science and IT Students' started by Guest, Jan 5, 2007.

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    Guest Guest

    ERP Interview Question


    What is ERP?
    ERP stands for “enterprise resource planning”. The definition of enterprise resource planning is an integrated software solution used to manage a company’s resources. ERP systems integrate all business management functions, including planning, inventory/materials management, engineering, order processing, manufacturing, purchasing, accounting and finance, human resources, and more.

    Why implement an ERP system?
    ERP software integrates all departments and functions across a company onto a single computer system that can serve all those different departments' particular needs. ERP combines finance, HR, manufacturing and distribution all together into a single, integrated software program that runs off a single database so that the various departments can more easily share information and communicate with each other. This integrated approach can have a tremendous payback provided the software is installed and used correctly.

    What are the benefits of an ERP System?
    The benefits derived from ERP can far outweigh the costs of the system, providing that the system is selected carefully and is appropriate for your company from a feature, cost, and technology standpoint. Some of the benefits realized are:

    A single integrated system
    Streamlining processes and workflows
    Reduce redundant data entry and processes
    Establish uniform processes that are based on recognized best business practices
    Information sharing across departments
    Improved access to information
    Improved workflow and efficiency
    Improved customer satisfaction based on improved on-time delivery, increased quality, shortened delivery times
    Reduced inventory costs resulting from better planning, tracking and forecasting of requirements
    Turn collections faster based on better visibility into accounts and fewer billing and/or delivery errors
    Decrease in vendor pricing by taking better advantage of quantity breaks and tracking vendor performance
    Track actual costs of activities and perform activity based costing
    Provide a consolidated picture of sales, inventory and receivables
    An ERP system provides the solid operational backbone manufacturers and distributors need to improve the volume of production and fulfillment of orders while reducing costs. By optimizing your manufacturing and distribution operations with ERP, you'll also be able to focus on new business opportunities.

    Why should I choose Mosaic 21 Applications for my ERP solution?
    The four main reasons to choose Mosaic 21 Applications are:

    Software Functionality - superb user friendly functionality to meet all your business process requirements
    Technology platform - ensures the security and integrity of enterprise data while providing the lowest total cost of ownership
    Proven Implementation Control - with the Mosaic Implementation Methodology (MIM) you are ensured an expeditious and successful implementation
    Industry Knowledge and Expertise - Mosaic's resources have real world experience in the manufacturing and distribution industries

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