Reason Behind Starting this Site
Of Course, there are many sites that are available with the same concept of having tutorials, scripts, screenshots, videos with a brief description about them. But, here we just wanted to keep the information what ever we know on Oracle Applications in a Structured manner.
History of ERP
We all know that a mechanical computer was invented by Charles Babbage (he is considered as father of computer) which eventually led to more complex designs. From the initial stages any computer mainly used to increase productivity and make ourself pretty comfortable by using Technology which are mainly focused on the business needs. Even from the early development of the computer or computer software, ERP software was mainly addressed. First development of this kind of software was in 1960?s and it was able to manage demand and ordering when needed and not a scheduled one. So, later in 1970?s a newer version was into picture which manages the demand and ordering on a timely schedule and was used for planning too. By including solution for financials and account management of a business process, the software became more and more popular. Later this systems evolved into ERP’s, which offers a complete solution for integrated for financials, people, resources, inventory, etc. into almost everything. Read More…
Pro’s by implementing an ERP
As there is complete integration between application modules across the entire organization, an ERP system provides better understanding to users about their Business. By implementing ERP, most of the companies standardize their business process and impliments best practices for better profits and quality. This intern makes companies to concentrate on their Business and improves Customer services.
According to a survey an ERP implementation can reduce costs in three primary categories: inventory costs, manufacturing operating costs and administrative costs. The survey’s best-in-class respondents reported a 21 percent decrease in inventory costs, a 17 percent decrease in manufacturing operating costs and a 16 percent decrease in administrative costs. The average respondents’ reductions were 11 percent, 8 percent and 9 percent, respectively. Because an ERP solution has its fingers in all aspects of running a business, its benefits are myriad and go beyond tangible cost reductions. It can improve an organization’s customer service and response time when solving issues. It can solve issues of interoperability among multiple manufacturing locations. It can standardize and accelerate manufacturing processes in all of a company’s manufacturing sites. It can streamline a manufacturer’s order-fulfillment processes. It can facilitate connecting with partners’ and suppliers’ enterprise systems. ERP can even help an organization maintain compliance with government regulations, from hiring practices to environmental laws. Case studies done on specific ERP implementations reveal a variety of different business-specific benefits. One of the case studies revealed that by replacing legacy systems with an integrated ERP package, one travel-accessories manufacturer reduced its inventory levels by 30 percent, reduced its warehouse space requirements by 38 percent, improved its month-end close process by five days, reduced its DSO (Days Sales Outstanding) by 44 percent and increased sales by 100 percent without hiring new employees.
Top ERP Vendors
SAP, Oracle, PeopleSoft, JD Edwars, Sibel CRM, invensys, Baan International, ABB Automation, i2, SSA Global Technologies, Intentia International, Epicor, Lawson Software, QAD, IFS, Mapics, Mincom, eresource ERP, American Software, Great Plains, Ross Systems, SCT, Cincom, Computer Associates, GEAC, Sage, Navison, Scala, Deltek, Fourthshift, Lilly Software, Flexi International, Glovia International, AremisSoft Corp., Syspro Group, ProfitKey International, Solomon Software, Macola, Made2Manage, Visibility, PowerCerv, Clarus Corp, Friedman Corp, ROI Systems, Ramco, Intuitive Manufacturing, Ceecom, Inc., Technology Group Intl are some of the ERP’s available in the Market. The top five ERP Vendors take the major share of ERP market revenue. These ERP vendors always tries to extend the functionality in various business requirements which market is focused on.
What is Oracle Applications?
Well, Oracle Applications is an Application Software which is integrated with Business rules. In total it is an ERP(Enterprise resource planning) Software. ERP packages are designed to Serve and support various Business areas where high integration is required among its business functionalities. This software is developed by Oracle Corporation.
Oracle Applications has various functional domains like Finincials, HRMS, Projects, Distribution, Supply Chain Management, Manufaturing, etc. Oracle released its first version of Oracle Applications suite with concentrating mainly on Financial Domain in late 1980?s. Now, Oracle Applications is into almost all kind of functional domains in the Market.
Oracle Applications different areas
- Apps DBA
- Apps Technical
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