Changing Trends In It Essay

3711 words - 15 pages

“ERP – THE CHANGES TRENDS

SALES AND DISTRIBUTION”

Prof. S.L Gupta* and Ms Richa sharma**

* Professor, Birla Institute of Technology(Deemed University), Noida Campus, Noida (U.P).

** Research Scholar, Singhania University, Rajasthan.

ABSTRACT

TO keep pace with rapid changes in the business world, companies need an integrated and flexible enterprise system that supports all aspects of their business with state-of-the-art functionality. An Enterprise Resource Planning (ERP) system helps companies to run their businesses in an effective and efficient manner by providing integrated and consistent information flow. It makes the task ...view middle of the document...

In a world where it is no longer enough to simply have the best product, companies are focusing on core competencies and closer partnerships over the whole supply chain.

To keep pace with rapid changes in the business world, companies need an integrated and flexible enterprise system that supports all aspects of their business with state-of-the-art functionality. This innovative solution should upgrade effortlessly and interface easily with third-party applications as well as have the ability to incorporate existing systems while extending its reach to the Internet and e-commerce.

Here, increased efficiency in sales and distribution is a key factor to ensure that companies retain a competitive edge and improve both profit margins and customer service. In helping business to beat them on delivery, there are various Sales and Distribution ERP modules are available in the market. In the modern era of business, the sales and distributions sector has received a red carpet welcome from consuming community of the society. This research throws a light on the applications of Enterprise Resource Planning (ERP) in the sales and distribution industry and to gain in general understanding of SAP Sales and Distribution module of SAP ERP as a theoretical and real-world perspective.

It presents the competitive benefits that the retail industry can consistently enjoy from using ERP system for sales and distribution. . This paper also puts a narrow focus on top four leading ERP solution providers such as SAP, ORACLE, SAGE GROUP and MICROSOFT DYNAMICS and their competitive applicability and pitfalls.

A person who wants to obtain a product for his/her own personal use will usually purchase it at a retail store or from some other retail marketing channel. Thus, retailing refers to the sale of goods or commodities in small quantities sold directly to ultimate consumers.  SAP SD module of SAP Enterprise Resource Planning (ERP) is an integrated computer-based system used to manage internal and external resources including tangible assets, financial resources, materials, and human resources. It is a software architecture whose purpose is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders. Built on a centralized database and normally utilizing a common computing platform, ERP systems consolidate all business operations into a uniform and enterprise wide system environment.

Public statement of the Problem

In the contemporary business environment where liberalization, privatization and globalization are the order of the day, most of the retail businesses around the world operate under the fiercely competitive market conditions for the survival. Such competition has led to the paper-thin margins in this sector. In order to remain competitive, the retail organizations surviving on thin margins cannot afford the luxuries...

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