EC unit-5
EC unit-5
Meaning: ERP refers to the integrated management of core business processes, often in
real-time and mediated by software and technology. The primary goal of ERP systems is
to streamline and automate business processes across various departments within an
organization to enhance efficiency, accuracy, and productivity.
Functions:
o Finance: Manages financial data, including accounts payable, accounts
receivable, budgeting, and asset management.
o Human Resources (HR): Oversees employee management, payroll, recruitment,
and performance analysis.
o Supply Chain Management: Manages the flow of goods, services, and
information from suppliers to customers.
o Manufacturing: Streamlines production planning, quality control, and inventory
management.
o Services: Manages service delivery, customer service, and support functions.
SAP Applications:
SAP is one of the leading providers of ERP software. SAP ERP systems offer comprehensive
solutions for finance, supply chain management, human resources, and other core business areas.
SAP modules like SAP FICO (Finance and Controlling), SAP HRM (Human Resource
Management), and SAP MM (Material Management) are widely used to manage business
processes efficiently.
Business Intelligence
Tools and Techniques for Data Analysis: Business Intelligence (BI) involves the use of
various tools and techniques to analyze data and generate actionable insights. These
include:
o Data Warehousing: The process of collecting, storing, and managing large
volumes of data from different sources in a centralized repository for analysis and
reporting.
o Reporting: The process of organizing data into informational summaries to
monitor business performance and make decisions.
o Data Visualization: The graphical representation of data to help stakeholders
understand complex data patterns and trends. Tools like Tableau, Power BI, and
QlikView are popular for creating interactive visualizations.
Dashboards, Reports, Data Visualization: BI dashboards and reports are tools that
present data in an easily understandable format. Dashboards provide a real-time view of
key performance indicators (KPIs), while reports offer detailed insights into specific
areas of business performance. Data visualization enhances these tools by making
complex data more accessible through charts, graphs, and interactive elements.
Ethics in E-Commerce
Security
E-Governance