Extended ERP components are the extra components that meet the organizational needs not covered by the core components and primarily focus on external operations. The common extended ERP components are :
Business Intelligence Components :
ERP systems offer powerful tools that measure and control organizational operations. Many organizations have found that these valuable tools can be enhanced to provide even greater value through the addition of powerful business intelligence systems. Business intelligence describes information that people use to support their decision-making efforts.
Customer Relationship Management Components :
ERP vendors are expanding their functionality to provide services formerly supplied by Customer Relationship Management (CRM) involves managing all aspects of a customer‟s relationship with an organization to increase customer loyalty and retention and an organization‟s profitability.
Supply Chain Management :
It is a systems approach to managing the entire flow of information materials, and services from raw materials suppliers through factories and warehouses to the end customer. SCM is different from supply management which emphasizes only the buyer-supplier relationship.
E-Business :
E-business stands for “electronic business”, which involve communications and doing business electronically through the Internet.
Differences between ERP and Extended ERP
| Element | ERP | Extended (ERP) |
| Role | Internal Enterprise optimization |
Whole value chain participation |
| Domain | Manufacturing and distribution |
All sectors/ segments |
| Function | Manufacturing, sales, finance, HR |
Cross industry, industry sectors, and specific industry processes. |
| Process | Internal, hidden | Externally connected to other stakeholders |
| Architecture | Web-aware, closed | Web-based, open and component-based |
| Data | Internally generated and used |
Internally and externally published and used. |
ALSO SEARCH:
"components of ERP"
"what are the 5 components of ERP"
"define ERP system and its components"
"what is enterprise resource planning"
"extended ERP pdf"
"which of the following is an extended ERP module"
"briefly define ERP 2"
"extended ERP case study"
