Do You Know The Difference Between ERP And EPS?

Well, ERP is the acronym for Enterprise Resource Planning while EPS is the acronym for an Enterprise Planning System. An Enterprise Planning System “”¦covers the methods of planning for the internal and external factors that affect an enterprise.”  Typically, the acronym “PESTLE” covers the external considerations, i.e., Political, Economic, Social, Technological, Legal and Environmental factors.  The conventional wisdom is that dealing with PESTLE issues is an operations management responsibility, while dealing with any of those issues for the first time should involve project management.

As you might expect, opposed to Enterprise Resource Planning (ERP), an enterprise planning system (EPS) has broader coverage. An EPS addresses  (a) the resources that are available or not available to an enterprise and (b) the enterprise’s capability to produce products and/or provide services. It also considers those factors that will positively or negatively affect the firm’s ability to run these actions.

ERPs should be flexible, because strategies and tactics can vary quickly and often. Typically, an EPS is part of a firm’s knowledge base or corporate structure, whether or not it is formally identified as such and structured or simply executed these when the need appeared.  It is typically described as, “A singular, integrated information system specifically designed to serve most, or all, of the departments within one specific enterprise.”  Over time, ERP software has become more generic in nature and can be used successfully by a much larger customer base.  Now, for the most part, the modules in a typical ERP software package should be able to interact with an organization’s own software after appropriate adjustments have been made.

ERP systems integrate, categorize and distribute internal and external management information throughout organizations of virtually any size, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc., by means an integrated software application. The purpose of ERP is to facilitate the flow of information among all business functions inside the boundaries of the organization and manage the connections to outside stakeholders.

ERP systems can run on a variety of computer hardware and network configurations, typically employing a database as a repository for information.  The transformation of ERP into a Cloud-based model has been relatively slow, but as cloud computing makes other inroads into the enterprise environment some functionality is being moved to the Cloud.

Twenty (+/-) years ago “ERP” entered the business jargon lexicon as a descendant of MRP (Material Requirements Planning). Over time, the scope of ERP expanded to enterprises outside of manufacturing and “ERP II” entered the “tech” lexicon early in the 21st century. ERP II software allows both employees and partners (virtually any third party dealing with the entity that owns/leases the ERP II software) access to the systems.

SAP Business One ERP Software, Tech Support and Services

Since 1983, Cornerstone Consulting has been providing enterprise business management software systems to small and midsized manufacturing, wholesale distribution, and retail companies. In 2005, Cornerstone Consulting became trusted SAP Partners and resellers of SAP Business One ERP . This enterprise resource planning (ERP) solution when combined with the configuration expertise of Cornerstone Consulting, allows a company to operate a state-of-the-art business management solution tailored to meet its specific needs.

With SAP Business One ERP , you can boost your company’s performance, boldly lead your business into the mobile future, and brilliantly out-maneuver your competition!  Contact Cornerstone Consulting at 813-321-1300.


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