1.

ERP : Enterprise Resource Planning

Organizational

What is the Full form of ERP?

ERP stands for "Enterprise Resource Planning"

ERP is a business executive programming that is actualized by numerous business houses to expand their profitability and execution. It is an amazing business apparatus. It is utilized to gather, store, oversee and decipher information from numerous business exercises like Product arranging, cost, Manufacturing or Service conveyance, Marketing and Sales, Inventory the executives, Shipping and installment, and so on.

ERP programming is exceptionally helpful for the enormous association. It comes in numerous modules:

  • HR
  • Monetary Accounting
  • Store network Management
  • Client Relationship Management
  • Stock
  • Buying
  • Venture the executives

Each ERP programming module has its own utilitarian zone and is utilized by the association for better profitability and execution.

Highlights of ERP frameworks

The fundamental element of an ERP framework is a shared information base that bolsters various capacities utilized by various units. For instance: Accounting and deals can depend on similar data.

Focal points/Benefits of ERP

  • It encourages workers to manage their responsibility all the more proficiently.
  • d improves monetary consistency.
  • Robotizes center business tasks.
  • Expands client assistance since it gives one source to charging and relationship following.
  • Gives a worldwide, ongoing perspective on information that empowers organizations to do enhancements.

Time and Cost are the significant variables that should be considered before purchase or actualizing an ERP framework. The execution can require a while to a couple of years. The expense is likewise not fixed and differs based on your prerequisites and the highlights given by the merchant. Along these lines, it is prudent to altogether investigate the seller's ERP bundled modules, highlights, and supporting framework before executing the ERP.

Top ERP Vendors globally:

  • SAP
  • Oracle
  • Microsoft
  • Epicor
  • Infor
  • QAD
  • Lawson
  • SAGE
  • IFS
  • Consona Corp.

Suggestions:

AcronymFull Form
ITCIndian Tobacco Company
ITCInternational Trade Center
BPLBritish Physical Laboratories Group
CSTChhatrapati Shivaji Terminus
CTSCognizant Technology Solutions
AAIAirport Authority of India
ABP NewsAnanda Baazar Patrika News
ACCAssociated Cement Companies
ACSAmerican Chemical Society
ADIDASAdolf "Adi" Dassler
AHRCAsian Human Rights Commission
AIAAAAmerican Institute of Aeronautics and Astronautics
AMCAmerican Motors Corporation
AMULAnand Milk Union Limited
AMWAsian Motors Works Limited
AT&TAmerican Telephone & Telegraph Company
AYUSHAyurvedic, Yoga, and Naturopathy, Unani, Siddha, and Homeopathy
BARCBaba Atomic Research Center
BBCBritish Broadcasting Corporation
BCCIBoard of Control for Cricket in India
BIFRBoard of Industrial and Financial Reconstruction
BISBureau of Indian Standards
BMWBayerische Motoren Werke
BPOBusiness Process Outsourcing
CBSE Central Board of Secondary Education
CEOChief Executive Officer
CIDCrime Investigation Department
CISF Central Industrial Security Force
CRISILCredit Rating Information Services of India Limited
WWFWorld Wide Fund for Nature
WWFWorld Wrestling Federation
WIPROWestern India Products
CRPFCentral Reserve Police Force
DHL Dalsey Hillblom Lynn
DIGDeputy Inspector General
DLFDelhi Land and Finance
DRDODefence Research and Development Organization
DS GroupDharampal Satyapal Group
DSTDepartment of Science & Technology
DVCDamodar Valley Corporation
EPFOEmployee Provident Fund Organization
FBIFederal Bureau of Investigation
FCIFood Corporation of India
GOOGLEGlobal Organization of Oriented Group Language of Earth
FIFAFederation Internationale de Football Association
LGLucky Goldstar
OEMOriginal Equipment Manufacturer
FMCGFast-Moving Consumer Goods
FSSAIFood Safety and Standards Authority of India
GAILGas Authority of India Limited
HPHewlett-Packard
HUDCOHousing and Urban Development Corporation Limited
IATAInternational Air Transport Association
IBIntelligence Bureau
IBMInternational Business Machines
IBPSInstitute of Banking Personnel Selection
ICWAIndian Child Welfare Act
ICWAInstitute of Cost and Works Accountants of India
IEEE Institute of Electrical and Electronics Engineers
IFFCOIndian Farmers Fertilizer Cooperative Limited
IIFLIndia Infoline Finance Limited
IITIndian Institute of Technology
WEFWorld Economic Forum
USSRUnion of Soviet Socialist Republics
UNICEFUnited Nations Children's Fund
UGCUniversity Grants Commission
TOITimes of India
TAFETractors and Farm Equipment
SWATSpecial Weapons and Tactics
SOSSave Our Souls
SAPsystems, applications, and products
RAWResearch and Analysis Wing
PVR Priya Village Roadshow
ONGCOil and Natural Gas Corporation
NTPCNational Thermal Power Corporation
NSDLNational Securities Depository Limited
NDTVNew Delhi Television
NCERTNational Council of Educational Research and Training
NCCNational Cadet Corps
NATONorth Atlantic Treaty Organization
NASANational Aeronautics and Space Administration
NABARDNational Bank for Agriculture and Rural Development
NAACNational Assessment and Accreditation Council
MTNLMahanagar Telephone Nigam Limited
MPEGMoving Picture Experts Group
LICLife Insurance Corporation of India
L&TLarsen and Toubro
KRAKey Result Area/Key Responsibility Area
KPMGKLYNVELD PEAT MARWICK GOERDELER
KFCKentucky Fried Chicken
KEI Krishna Electricals Industries Limited
JK TyresJuggilal Kamlapat Ji Tyres
JBLJames Bullough Lansing
ITI Industrial Training Institute
ISROIndian Space Research Organization
ISOInternational Organization for Standardization
ISIIndian Standards Institute
IRCTC Indian Railways Catering and Tourism Corporation
IPIInternational Press Institute
IPCCIntegrated Professional Competence Course
IOC International Olympic Committee
IMAIndian Military Academy
IMAIndian Medical Association
IL&FSInfrastructure Leasing & Financial Services
NCRTCNational Capital Region Transport Corporation
UPIUnited Press International
UIDAIUnique Identification Authority of India
PPPPublic-Private Partnership
ANMAuxiliary Nurse Midwife
ASEANAssociation of Southeast Asian Nations
KPOKnowledge Process Outsourcing
POSPoint Of Sale
CCCCivilian Conservation Corps
SOPStandard Operating Procedure
CFOChief Financial Officer
PMFPresidential Management Fellows Program
IRDPIntegrated Rural Development Programme
PFMSPublic Financial Management System
CMSCenters for Medicare and Medicaid Services
CFTCombating the Financing of Terrorism
AIIMSAll India Institute of Medical Science
BRICSBrazil, Russia, India, China and South Africa