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What is ERP?

ERP stands for Enterprise Resource Planning.

Enterprise Resource Planning systems integrate all data processes of an Oraganization into unified system.

The key feature of an ERP system is it uses a single or Unified database to store data for the various system modules.

Various Modules which comes under ERP are listed below:

i.Manufacturing
ii.Supply Chain
iii.Financials
iv.CRM
v.Human Resources
vi.Warehouse Management

What is SAP ?

SAP stands for Systems Applicatios and Products in Data Processing.

SAP AG has released SAP R/2 Version initially.The architecture of the R/2 system is Mainframe Architecture.

Later SAP R/3 is released which has different from R/2 architecture.

R stands for RealTime.
3 stands for 3 Tier Architecture.

There are over 120,000 installations at more than 30000 Companies.SAP Products are used over 15 millon People in more than 125 countries.



SAP Glossary





- J -




Job

A continuous chain of programs, using control commands.


- K -

None



- L -


LES

Logistics Execution System LIFO

Last in First Out is a valuation procedure according to which the stocks of a material that were last received are the first to be used or sold.



- M -



Matchcode

A tool for finding specific record Mainly used to find possible entries for an input field


MAP

Moving Average Price.


MM

Materials Management


MM SRV

Material Management External Services Management


MPS

Master Production Scheduling takes care of those parts or products which greatly influence company profits or which take up critical resources.


MRP

Material Requirements Planning takes into account and plan every future requirement during the creation of order proposals (independent requirements, dependent requirements etc).


MVP

Material’s Valuation Price. The standard price for a standard price material, the moving average price for a moving average price material.
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