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Enterprise Resource Planning - Lesson Summary

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The key points from this module are:
Enterprise Resource Planning is an integrated information system built on a centralized database and common computing platform that helps in effective usage of an enterprise’s resources and facilitates the flow of information between all business functions of the enterprise.
ERP applications facilitate the standardization and acceleration of business processes and contribute to the visibility necessary to run your business well and grow revenue and profits.
The four dimensions of implementation of an ERP are:
PeopleProcessTechnologyKnowledge
ERP implementation is not an IT program, but a business program.
ERP applications form the information backbone of a business.
Large scale transformation programs often do not succeed, the reasons being:
People Issues Communication or Perception IssuesProject Management issuesIntegration Issues
Stakeholder engagement is a strategic, intentional, and systematic process to identify and manage key stakeholders in order to build support and commitment to the change.