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Question: Discuss about the Enterprise System For Management. Answer: Introduction It is a bundle of technology wrapped in the form of software packages to improve the business functions by strengthening the overall information flow. It is essential to use various enterprise systems by an entity to improve the reporting channels in which higher authority will keep track on the activities of their subordinates. It can say that is this system crafted by the needs of the business which is flexible immature which gets fluctuates with the passage of time. Confidentiality of the available information in a business is important to get the sustainable competitive advantage over its competitors. At the same time, leaking of this business information would affect the overall interest of an entity. Enterprise resource planning systems As the names suggest resource planning, the current software helps an entity in managing the overall inventory held by an entity to increase the overall returns of the firm. This package is a mixture of both software and technology that helps in meeting the business needs of the firm by offering real-time benefit to both the internal as well as external users. It is integrated software package which targets both monetary and qualitative aspects of a business. Tally ERP 9.0 and 7.2 is ERP software to book all the business transactions in the software to generate financial reports. This software helps in managing current inventory in the business to maximise the current production. Enterprise planning systems The focus of an entity is to evaluate the internal and external factors of the business to focus on the strengths of the business by eliminating all its weaknesses to stay ahead in the terms of the competition in a market. PESTLE analysis conduct by the firm to know the view of the external industry as this acronym stands for political, economic, social, technological, legal and environmental factors in the external business environment. Project management is software utilises by an entity in managing a particular project by achieving all the aims and targets. Customer relationship management software Customers are the king of the market as every seller tries to satisfy the needs and expectations of all the buyers to ensure their survival for a longer span of time as compared to their competitors. Customer relationship software is a weapon that helps an individual in knowing the views and options of all the consumers who uses the products of an entity. The business works on the demands of their customers by making changes in the products. Evaluation Advantages of Enterprise system It helps in enhancing productivity of the business along with their employees by accomplishing all the targets on time. Business security gets increases by implementing this software as this software bounds an organization to follow regulatory guidelines. Disadvantages Expensive softwares Requires time in testing the software ERP is not customizable Functional And Technical Evaluation Of Erp Functional ERP software utilises for various functions of an entity such as accounting, distribution, manufacturing, HRIS, inventory management, procurement of goods and customer relationship management. It is integrated with other software such as production equipment, product scanning. Technical Selecting the best vendors on the basis of good features offer by them User friendliness of the same is to be check by an individual before selecting appropriate software. Competitors choice of ERP and vendor Systems application program (SAP) Oracle Importance Of Enterprise System For Management Secures large number of data with protection Automate business functions Improve quality of the service References Ali, M. and Miller, L., 2017. ERP System Implementation in Large Enterprises-A Systematic Literature Review.Journal of Enterprise Information Management. 30(4 Garg, P., Garg, P., Khurana, R. and Khurana, R., 2017. Applying structural equation model to study the critical risks in ERP implementation in Indian retail.Benchmarking: An International Journal. 24(1). pp.143-162. Jinno, H., Abe, H. and Iizuka, K., 2017. Consideration of ERP Effectiveness: From the Perspective of ERP Implementation Policy and Operational Effectiveness.Information. 8(1). p.14. Sadigh, B.L. and et.al., 2017. An ontology-based multi-agent virtual enterprise system (OMAVE): part 2: partner selection.International Journal of Computer Integrated Manufacturing, pp.1-21