Business Information

Posts Tagged ‘decision-making’

New trends in trade have been the foundation of a growing range of business opportunities, new practices such as Internet, e-commerce, online business and the growing consumer demand have laid the foundations of a new era of doing business and Thus, a new way to manage economic resources.

Today we see the great commercial battle between different companies, the strong demand for products and the emergence of more demanding consumers on issues such as quality, product and time, are part of a globalized world where it is intended and seeking the expansion of all activities trade beyond our own borders.

All these practices have led to a number of questions for business managers. Faced with a new environment, where the way we do business changes from day to day, face new organizational tendencies to offer better products in less time, new competitors are faced not only national but worldwide, where some of them can offer the same products at better prices, in short, is a new way to market in which only the strong survive, that is, which is at the forefront of technology, production processes, in a relevant and better customer service. How can companies achieve this?

Companies in order to achieve various goals and remain leaders for many years in a market segment, have created administrative solutions called information technology which transform data into information or knowledge, and its main function the storage, processing and dissemination of information by all departments of the company.

One of the major information systems is known as Enterprise Resource Planning, for its acronym in English ERP, these systems have greatly helped companies in their growth and global expansion as it basically relies on its integration through the different modules it is composed. [1] The origin of ERP systems in the 70′s was when it began using a software called MRP (Material Requirement Planning), whose goal was to plan all the raw material requirements within business organizations, one of the first systems was called MAPICS MRP, developed originally by IBM and used in Mexico. [2] Subsequently, the concept of the MRPs was modified when the system encompassing activities ranged from the production department to and integrated logistics business departments such as finance, human resources, accounting, purchasing, sales, among others that gave rise to what we now know as ERPs. ERPs are basically intelligent systems which help decision making levels business managers, because it concentrates all the information in several areas of the company to forecast and maintain a better organization of current and future data from different business processes, such as finance, accounting, sales, marketing, among other. Among the main functions of the ERP include: Organize and standardize processes or internal company data. Manage an integrated and efficient enterprise information. Communicate different areas of business through electronic data and processes. Processing the information making knowledge for application in decision-making.