BilkentMBA2010, Lessons learned, week 1, Cemil

ERP(Entrprise Resorce Planning) is a system and it can be simply defined as complete and integrated applications which is related to the modules, such as finance, accounting, sales and etc.. The term comes from MRP (Meterial Requirements Planning). Actually, there were two MRP systems: MRP1 and MRP2( HUMAN AND ECONOMIC APPLICATIONS also addes as to MRP1) ERP2 is in case a more skilled system manner which includes CRM(Customer Relationship Management) and BI(Business Inteligence) as to MRP1 and MRP2. Relevantly, if it is necessary to express BI: provides reportings for logical and designed DM(Decision Making) for its users. After explaining BI, it will be useful to point out Datamining. It is the process of extacting patterns in a great amount of data partials. and it converts this complexity to a reasonable information. When we come up to the point of why ERP is useful and offerable, we can easily say that it makes corporates and people more fast, more focused and more organized. Those Positive things have also some costs surely such as training, licensing, consulting and etc..

Another important points about the first week is about SAP (Systems Applications Products). SAP is one of the most durable and significant player of the market which established in 1972 to form a real time business data system. It has a lot of ındustry specific solution systems. For instance, in aerospace, defence, automative, banking, media, insurance sectors.. Then, it has modules on finance, controlling, meterials management, production planning, human resource, sales and distribution, customer service, production lifecycle management, project systems and etc.. SAP is a system that is appropriate for medium and large size corporations which need a detailed and powerful ERP system. However, there are some other kinds of ERP systems that is useful and meaningful for small types of corporations in terms of cost and easy procedures.. A company should carefully decide that it needs an Open Source, Small Size or Large Size system to apply it in an excellent manner..

Some other key words and symbols which not mentioned at the top of week 1:
DB (database)
CRM (customer relationship management)
GIGO (garbage in garbage out)

Cemil Kanat Sarısoy, Week 1 comments