ERP is a method to utilize people, hardware and software to increase productivity and profit and also simplify a company’s business processes.
ERP can be considered as a collective system that facilitates information flow between all business functions inside the organization like finance, sales, human resource etc. and manages connections to outside stakeholders.
It is a single system which provides all the functionalities of an individual software, this includes :-
1. Cloud computing:
This is a new-age technology of using a network of remote servers hosted on the Internet to store, manage and process data, rather than a local server or a personal computer.
2. Centralized database:
A centralized database (sometimes abbreviated CDB) is a database that is located, stored and maintained in a single location. This location is most often a central computer or database system, for example a desktop or server CPU, or a mainframe computer.
3. Integrated system:
System integration is the process of bringing together the component subsystems into one system and ensuring that the subsystems function together as a system. At Digital Edge Technologies, we link together different computing systems and software applications physically or functionally, to act as a coordinated whole.
4. Analysis:
Analytical Tools are used to analyze the existing progress of the system.
5. Forecasting:
On the basis of analytical reports, future progress of the system is predicted.
6. Decision Making:
On the basis of the analytical report and forecasting combined, company decides the necessary steps to be taken.