SAP is the best ERP software in the world. But, What is actually SAP? And What is ERP? SAP, started in 1972 by five former IBM employees in Mannheim, Germany, states that it is the world’s largest inter-enterprise software company and the world’s fourth-largest independent software supplier, overall.
The original name for SAP was German: Systeme, Anwendungen, Produkte, German for “Systems Applications and Products.” The original SAP idea was to provide customers with the ability to interact with a common corporate database for a comprehensive range of applications. Gradually, the applications have been assembled and today many corporations, including IBM and Microsoft, are using SAP products to run their own businesses.
SAP applications, built around their latest R/3 system, provide the capability to manage financial, asset, and cost accounting, production operations and materials, personnel, plants, and archived documents. The R/3 system runs on a number of platforms including Windows 2000 and uses the client/server model. The latest version of R/3 includes a comprehensive Internet-enabled package.
SAP has recently recast its product offerings under a comprehensive Web interface, called mySAP.com, and added new e-business applications, including customer relationship management (CRM) and supply chain management (SCM).
As of January 2007, SAP, a publicly traded company, had over 38,4000 employees in over 50 countries, and more than 36,200 customers around the world. SAP is turning its attention to small- and-medium sized businesses (SMB). A recent R/3 version was provided for IBM’s AS/400 platform.Enterprise resource planning (ERP)
ERP is an enterprise-wide information system designed to coordinate all the resources, information, and activities needed to complete business processes such as order fulfillment or billing.
The SAP ERP application is an integrated enterprise resource planning (ERP) software manufactured by SAP AG that targets business software requirements of midsize and large organizations in all industries and sectors. It is the successor product to SAP R/3.
SAP ERP includes four individual solutions that support key functional areas:
• SAP ERP Financials
• SAP ERP Human Capital Management
• SAP ERP Operations
• SAP ERP Corporate Services
Note: SAP is to be pronounced “ess-ay-pea.”
When you see the word SAP by itself, it is pronounced “ess-ay-pea.” When it is combined with another word, it is pronounced sap, as in “tree sap.” You should never say “sap” when referring to the company SAP. Always pronounce it as “ess-ay-pea.” Saying “sap” is the surest way to say, “I don’t know anything about SAP.”
- Understanding Marketing Concepts with Examples
- What is Adaptive Leadership?
- Difference between Selling Concept and Marketing Concept
- How to Write a mail requesting for additional feature
- What are Management Skills?
- The Basics of Data Analytics
- Importance of Communication in Data Analytics
- Data Analysis and Data Analytics Differences
- What Is Data Analytics? And Uses of Data Analytics in Business
- How to Protect Your Digital Profile