An Assignment On

Enterprise Resource Planning

Topic: ERP The Way of Solving Complexities

Submitted to:
Mr. Sakir Hossain Akand
Assistant Professor
Department of Bachelor of Business Administration

Submitted by:
SAIM ISLAM
ID: 133
Section: B
Batch: 23rd

Date of submission:
11th February 2025

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Table of contents

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 Chapter 1
Introduction to ERP
ERP Chapter 3-6
: 01 Introduction to ERP

Chapter History and Evolution of ERP 6-7

: 02

Chapter Business Complexities in 8-9

: 03 Bangladesh

Chapter How ERP Helps Solve Business 10-11

: 04 Complexities

Chapter Challenges and Future of ERP in 11-12

: 05 Bangladesh

Chapter Conclusion 12
: 06

stands for Enterprise Resource Planning. It's a type of software system that helps
organizations manage and automate many of the core business processes, ranging from
financial management to supply chain operations and beyond.

Key Features of ERP:

1. Integration: ERP systems integrate various functions into one complete system to
streamline processes and information across the organization.

2. Automation: They automate repetitive tasks and processes, helping to reduce manual
effort and errors.

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 3. Real-time Data: Provides real-time data and insights to help organizations make
informed decisions quickly.

4. Scalability: ERP systems are designed to scale with the growth of the business.

5. Compliance: They help in ensuring regulatory compliance by keeping accurate and

up-to-date records.

Common Modules in ERP:

1. Finance: Manages financial transactions, including accounts payable, accounts

receivable, and general ledger.

2. Human Resources (HR): Handles employee information, payroll, recruitment, and

performance management.

3. Supply Chain Management: Manages the flow of goods, from procurement to

production and delivery.

4. Customer Relationship Management (CRM): Manages customer interactions, sales,

and service.

5. Inventory Management: Tracks and manages inventory levels, orders, and deliveries.

6. Manufacturing: Manages production planning, scheduling, and quality control.

Benefits of ERP:
 Improved Efficiency: By integrating disparate systems, an ERP system helps
streamline business processes.
 Better Data Management: Centralized data storage allows for better management and
access to information.
 Enhanced Reporting: Offers robust reporting tools to provide insights into business
performance.
 Increased Collaboration: Facilitates collaboration between different departments by
providing a single source of truth.

Popular ERP Solutions:

Some of the widely used ERP solutions include:
 SAP

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  Oracle ERP Cloud
 Microsoft Dynamics 365
 Infor
 Workday

ERP in the Context of Bangladesh

ERP (Enterprise Resource Planning) systems have been gaining traction in Bangladesh,
transforming the way businesses operate. Here's a look at the current state, opportunities, and
challenges of ERP implementation in Bangladesh:

Current State of ERP in Bangladesh

ERP systems are being increasingly adopted by various industries in Bangladesh, including
manufacturing, textiles, pharmaceuticals, and retail. Companies are recognizing the benefits
of integrating their business processes and improving efficiency through ERP solutions.

Opportunities

1. Improved Efficiency: ERP systems streamline business processes, reducing manual

work and increasing productivity.

2. Better Decision-Making: With real-time data and analytics, businesses can make
informed decisions quickly.

3. Regulatory Compliance: ERP systems help companies comply with local and
international regulations by maintaining accurate records.

4. Scalability: As businesses grow, ERP systems can scale to accommodate increased

operations.

Challenges

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 1. High Costs: Implementing ERP systems can be expensive, and many companies
struggle with the initial investment.

2. Lack of Expertise: There is a shortage of skilled professionals who can manage and
maintain ERP systems.

3. Resistance to Change: Employees may resist adopting new systems and processes,
leading to implementation challenges.

4. Infrastructure Issues: Inadequate IT infrastructure and power supply can hinder the
successful implementation of ERP systems.

Popular ERP Solutions in Bangladesh

Some of the widely used ERP solutions in Bangladesh include:

 SAP

 Oracle ERP Cloud

 Microsoft Dynamics 365

 Infor

 Odoo

Chapter 2

History and Evolution of ERP

The history and evolution of ERP (Enterprise Resource Planning) is a

fascinating journey that spans several decades. Here's a brief overview:

1960s: The Beginnings

 Inventory Management & Control: The concept of ERP began with

inventory management and control systems in the 1960s. These systems

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 were designed to manage and monitor inventory levels in manufacturing
industries.

1970s: Material Requirements Planning (MRP I)

 MRP I: In the 1970s, Material Requirements Planning (MRP I) systems

were developed to meet the needs of manufacturing industries. These
systems used software applications to schedule production processes and
manage inventory2.

1980s: Manufacturing Resource Planning (MRP II)

 MRP II: The 1980s saw the evolution of MRP I into Manufacturing
Resource Planning (MRP II). MRP II included additional functionalities
such as finance, general accounting, quality assurance, and equipment
maintenance scheduling.

1990s: Emergence of ERP

 ERP: In the 1990s, ERP systems emerged as a complete integration of

business processes. These systems extended beyond manufacturing to
include other enterprise-wide functions such as human resources, finance,
and supply chain management.

2000s: ERP II

 ERP II: The 2000s introduced ERP II, which incorporated web
functionalities, Customer Relationship Management (CRM), and Business
Intelligence (BI) into ERP systems. This allowed for better integration and
real-time data access.

2010s-Present: Cloud-based ERP and iERP

 Cloud-based ERP: The 2010s saw the rise of cloud-based ERP solutions,
which offered greater flexibility, scalability, and cost-effectiveness.

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  ERP: The present era is marked by the integration of AI, machine
learning, and IoT into ERP systems, known as intelligent ERP (iERP).
These systems harness real-time data to provide advanced analytics and
automation.

Chapter 3

Business Complexities in Bangladesh

Implementing Enterprise Resource Planning (ERP) systems in Bangladesh comes with its
own set of challenges and complexities.

Here are some key points:

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Opportunities and Benefits
1. Improved Efficiency: ERP systems help streamline operations by integrating various
business functions like finance, HR, supply chain, and customer management.

2. Centralized Information: Real-time data and analytics improve decision-making and

operational efficiency.

3. Technological Advancements: Growing IT infrastructure and expertise in Bangladesh

support ERP implementation.

Challenges
1. Cost Constraints: High initial investment and ongoing maintenance costs can be prohibitive
for many businesses.

2. Resource Constraints: Limited availability of skilled IT professionals to manage and

maintain ERP systems.

3. Organizational Resistance: Employees may resist adopting new systems due to fear of
change or lack of understanding.

4. Customization Challenges: Adapting ERP software to meet specific business needs can be
complex and time-consuming.

5. Vendor Dependency: Businesses may become overly reliant on ERP vendors for support
and updates.

Suggestions for Overcoming Challenges

1.Government Support: Policies and financial incentives from the government can help reduce
costs.

2. Training Programs: Investing in employee training to ensure smooth adoption and effective
use of ERP systems.

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3. Collaboration with Vendors: Working closely with ERP vendors to customize solutions and
ensure ongoing support.

ERP systems have the potential to significantly enhance business operations in Bangladesh,
but addressing these challenges is crucial for successful implementation.

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 Chapter 4

ERP Helps Solve Business Complexities

ERP Benefits for Bangladeshi Businesses

Enterprise Resource Planning (ERP) software offers numerous benefits for businesses in
Bangladesh, helping them streamline operations, improve efficiency, and stay competitive.
Here are some key advantages:

1. Centralized Data Management: ERP systems consolidate various business functions into a
single platform, providing a centralized database that minimizes redundancies and improves
accuracy.

2. Streamlined Operations: By integrating different departments, ERP software enhances

communication and collaboration, leading to increased operational efficiency and reduced
costs.

3. Improved Decision-Making: Real-time data and analytics provided by ERP systems enable
businesses to make informed decisions quickly, helping them respond proactively to market
changes.

4. Enhanced Productivity: Automation of various tasks reduces manual data entry, allowing
employees to focus on more strategic activities.

5. Regulatory Compliance: ERP software helps businesses maintain accurate records, manage
tax requirements, and meet legal obligations, reducing the risk of penalties and legal issues.

6. Better Customer Service: With improved customer relationship management, businesses

can enhance customer interactions and satisfaction.

7.Business Process Standardization: ERP systems standardize processes across the

organization, ensuring consistency and quality.

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 Chapter 5

Challenges and Future of ERP in Bangladesh

Enterprise Resource Planning (ERP) systems are crucial for integrating various business
processes, but implementing them in Bangladesh comes with its own set of challenges and
opportunities.

Challenges
1. High Costs and Resource Constraints: ERP projects are expensive and require significant
financial investment. Many organizations in Bangladesh face budget constraints and lack the
necessary resources for successful implementation).

2. Lack of IT Infrastructure: Inadequate IT infrastructure can hinder the smooth functioning of

ERP systems.

3. Organizational Resistance: Employees and management may resist changes brought by

ERP systems, leading to implementation challenges.

4. Vendor Dependency: Over-reliance on software vendors without taking ownership of the

project can lead to failures.

5. Customization Issues: Adapting ERP systems to fit the specific needs of an organization
can be complex and time-consuming.

Future Opportunities
1. Technological Advancements: Improvements in technology and increasing IT expertise can
facilitate better ERP implementation.

2. Government Support: Supportive policies from the government can create a favorable
environment for ERP adoption.

3.

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 Chapter 6

Conclusion
ERP is revolutionizing business operations in Bangladesh by solving operational
inefficiencies, improving financial management, and ensuring regulatory compliance. While
challenges remain, cloud ERP, AI-driven automation, and government support can accelerate
ERP adoption across industries.

For Bangladeshi businesses to remain competitive, investing in ERP is not just an option—it
is a necessity.

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