What an ERP must have ?

WHAT AN ERP MUST HAVE !

Manufacturing 

Engineering, bills of material, scheduling, capacity, workflow management, quality control, cost management, manufacturing process, manufacturing projects, manufacturing flow

Supply chain management 

Order to cash, inventory, order entry, purchasing, product configurator, supply chain planning, supplier scheduling, inspection of goods, claim processing, commission calculation

Financials 

General ledger, cash management, accounts payable, accounts receivable, fixed assets

Project management 

Costing, billing, time and expense, performance units, activity management

Human resources 

Human resources, payroll, training, time and attendance, rostering, benefits

Customer relationship management 

Sales and marketing, commissions, service, customer contact and call center support

Data services 

various "self-service" interfaces for customers, suppliers, and/or employees

Access control 

management of user privileges for various processes

And SAP,  Microsoft Dynamics ( earlier known as Navision), Infor, Finsys ERP etc pass on these counts.

Origin of E.R.P.

The initials ERP originated as an extension of MRP (Material Requirements Planning; later manufacturing resource planning[3]) and CIM (Computer Integrated Manufacturing). It was introduced by research and analysis firm Gartner in 1990. ERP systems now attempt to cover all core functions of an enterprise, regardless of the organization's business or charter. These systems can now be found in non-manufacturing businesses, non-profit organizations and governments.

To be considered an ERP system, a software package must provide the function of at least two systems. For example, a software package that provides both payroll and accounting functions could technically be considered an ERP software package.[citation needed]

Examples of modules in an ERP which formerly would have been stand-alone applications include: Product lifecycle management, Supply chain management (e.g. Purchasing, Manufacturing and Distribution), Warehouse Management, Customer Relationship Management (CRM), Sales Order Processing, Online Sales, Financials, Human Resources, and Decision Support System.

Visit www.finsys.co.in for more details. The site has about 300 pages of information including about 200 pages of E-circulars and other aspects of Indian Economy.

http://www.finsys.co.in/Video-manuals_by_mlg.htm also has the Video Manuals for Training on the usage of Finsys ERP.