What Is ERP?
ERP stands for Enterprise Resource Planning. This is one of the most important asset for any organization who wants to build a centralized platform. Before we get it in to the details of ERP, let me give you an example where everyone can understand why ERP application is a key resource for all the organizations.
Ravi started a small business who is selling Delicious sweets to his customers which are made in his home located in Chennai. To make sweets, he needs lots of raw material such as Sugar, Milk, Oil, Ghee, Gas etc. Since it is small business he used to update all his transactions like Purchasing raw material and sales orders in an excel sheet. Initially, he takes care of all the work which is related to cooking, cleaning and delivering items to the customers. All his customers are very happy and they started referring his products to their relatives and friends who are residing nearby cities. His business has experienced exponential growth in the last few months, and revenues have climbed by more than 100% within the shorter period.
Few of his friends who stays in Hyderabad and Bangalore got to know his success in Sweet shop and suggested Ravi to start his business in other cities as well. He launched couple branches in Hyderabad and Bangalore. With the Quality food and best customer services, customers are pleased and sales orders have shown tremendous growth.
Now, his business established and seen the success in many cities. Ravi is not able to maintain all his branches data in excel and word documents. He is looking for software which can take care of all his business transactions such as employee history, purchase order, sales orders as well as inventory. As per his friend’s suggestion, he purchased five different applications from different vendors to maintain Employee Data, Purchase Order data, Sales Order data, Inventory data, Financial Data. When it comes to financial transactions such as supplier’s payment, day to day transactions - Tax calculations, Expenses, profit and losses, Assets and Liabilities. Initially, he is able to maintain all the data in different applications. Still, he is unhappy to see his data in different applications as it is taking longer time to collate and get insights as well as planning for purchasing raw material.
Please see his business growth from 2009 to 2022 where all the transactions have been increased.
After sometime there is a need for a sophisticated application where all the company business transaction is maintained/organized/tracked. That software application should give answers below mentioned questions as he maintained his data in different applications.
What is the overall company performance or specific branch/country performance?
What is the company growth comparison compared with previous years/quarters?
What is the company turn over and profits?
What is the equation of stock/supply and demand numbers?
Company Employees Maintenance
All Company Finance Transactions
Company Sales/Purchases/Payments/Receipts Etc.
One of the IT Company suggested him to buy an ERP application which will solve all his problems and ensures to provide real time data within the short period of time. IT Company explained that this ERP application has several modules which are inter linked and shared data with other modules. Based on this functionality, business team can take quick decision to buy raw material from suppliers to meet customer demand, Employee satisfaction, financial transactions (Accounts Payable and Accounts Receivable). Based up on the nature of the transaction, application will trigger corresponding module. By using Oracle ERP application, we can monitor Procure to Pay (P2P) and Order to Cash (O2C) transactions as it has integration between all SCM and Financial modules.
The main components of an ERP application are listed below.
HR Module – Employee data
Finance Module – Accounts Payable, Accounts Receivable and all finance related transactions etc.
Inventory Module – Stock Counting, planning, storing the data etc.
Procurement Module – Purchase order data, Suppliers data, Supplier agreement etc.
Order Management – Sales Orders data, Customers data
Costing Module – Item and inventory valuation
Majority of the company’s such as Telecom (Airtel), Pharmacy (Aurabindo), Cult Fit (Indian Company) and Manufacturing etc. are using Oracle Fusion ERP technology. We at “Tech leads IT” providing training on the below mentioned ERP Modules
Oracle Fusion Technical + OIC Training
Oracle Fusion Manufacturing Training
Oracle Fusion Planning Central Training
Oracle Fusion PPM Training
Tech leads IT has been existing in the market for more than 10 years and achieved excellent fame by providing real time examples. We have professional trainers who have more than 10 to 15+ Years of experience in large scale companies. Our students are placed in many companies and are very happy with the training. We are providing training in different methods such as Class room, Online as well as corporate offices. We do have Learning portal (https://lms.techleadsit.com/home/login) where students can access it anywhere and learn new concepts at their convenient time. Each and every day training sessions are going to be uploaded in this portal for students review. Our trainers prepared high quality course content material with real time examples and screenshots. Students can easily practice while going through these documents and improve application knowledge. In every class, we conduct Q&A session to gauge the students understanding on the subject and providing constructive feedback. Our goal is to train the students in ERP technology and place them in reputed companies. Whenever Oracle introduced any new concept, we will conduct a workshop where we invite all our students and share the new functionality and how it is helps the business teams to achieve potential benefits.
Key Highlights:-
Learning Portal
Real time experienced trainers from reputed companies
Resume Preparation for Fresher’s and experienced Folks
Mock up interview preparation
Job Placements
On Job Training and Support
Oracle Certifications
Some of our students shared feedback in Google reviews and Our Success Stories
I have joined this institute in Feb 2022 for Oracle Fusion SCM Module and I am fresher in this field. But now I have gained very good knowledge in Oracle in just one and half month. Mentor Krishna Sir is best in every corner, his knowledge, soft spoken behavior, discipline and his way of teaching , gives real-time scenario , explained theoretically and practically at the same time and he clear all doubts while teaching and also after the class. Also they provide material and documents for practicing. Management team is also good. They give quick responses to your queries. Will definitely recommend to others to join this institute.
Tech Lead IT is the best place to learn SCM fusion course. Specially thanks to Krishna Sir who has given his tireless efforts for teaching and helping us to develop our skills. On daily basis practiced status is checked and resolve the queries. Faculties will provide you the best study material, daily class recorded videos and prepare for interview. Highly recommended!!!
I attended the Oracle Fusion SCM Course and trainer is Mr. Krishna. He was extremely detail oriented as well as with real time scenario, which helped me in understanding the subject better. He ensured that we understood the criticality of the subject being taught during training. Overall it was a really good experience and got to learn a lot of new things about the domain as well. Also, Mr. Krishna is very punctual for class as well as maintain discipline in class.
Other important thing is that Techleads IT support team is very helpful and supporting to students.
I would definitely suggest people to enroll for trainings and courses as it is in depth and extremely helpful.
I am learning Oracle fusion financials from techleads it. The trainer srinivas way of teaching is very simple and understandable. They are clearing any issues and any doubts at any time. I think it is the best place to learn Oracle fusion financials
Online Training Background
The Batch starts on ti
me and ends on time as scheduled on a daily basis
The Online access tools to the meeting are Good and Reliable
The Clarity of Voice, Sound and Picture is Good
The Instructor is Good at Spoken Communication Skills as well as in the Presentation of the Subject Matter Expertise
The Instructor is Knowledgeable and Experienced in the Subject Matter i.e. Oracle Fusion Financials as I know and in attendance of the ongoing Batch.
The Administration plays an equally Good Role, is helpful in facilitating the Meetings, The Access to Training Materials - Documentation and Videos and Access to the Training Vision Instance.
I have completed Oracle Fusion Finance course in Tech leads IT. I felt the course was well organized and delivered by experienced tutors.Thanks to the course teacher (Kaleem Basha) and others associated with designing such a wonderful learning experience and making sessions so interactive.
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