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? Benefits of ERP Systems PwC Business Organisation and Function Business Functions ACCOUNTING AND FINANCE MARKETING AND SALES HUMAN RESOURCES PRODUCTION AND MATERIALS MANAGEMENT Business Function – Accounting Finance ? Vendor payments ? Receipting of cash from customers ? Accounts receivable function ? Recording of raw materials purchases ? Recording of Sales ? Generating financials statements ? Asset register maintenance Business Function – Human Resource ? Organisation Development – Performance Management – Training ? HR Information Systems – Payroll – Personnel Administration – Employee Self Service ? HR Communication ? Labour Relations ? Employee Assistance Programmes Business Function – Prod Materials Mgmt ? Making the product ? Purchasing raw materials for making the product ? Production planning used to develop orders for raw materials ? Raw material orders are based on the production plans, so that sufficient raw materials are available to support the production plan, but excessive inventory that might spoil is not carried ? Inventory management Business Function – Marketing and Sales ? Developing products ? Determining pricing ? Promoting products to customers ? Taking customer orders ? Create sales forecasts ? Market research in relation to products PwC The Evolution of Information Systems (ERP) PwC Definition and Description of ERP (Types) ERP Systems ? Early 1990s first fully integrated software system ? Current ERP systems evolved as a result of development