Samsung launches N-ERP system to support innovations in future business

Currently, Samsung's G-ERP or Global ERP manages the company's global operation throughout manufacturing sites and sales offices worldwide. Now with the introduction of the next generation ERP system in its regional and local offices in Southeast Asia, Southwest Asia and China, the company aims to effectively support innovations such as the expansion of D2C (Direct to Consumer) business.

South Korea's Samsung on Monday announced the launch of the Next-Generation - Enterprise Resource Planning (N-ERP) system, the enhanced system of the current G-ERP, to support innovations in future business.

ERP is a system that helps to share business management information and enables efficient work operation by comprehensively managing the enterprise's physical and financial resources.

Currently, Samsung's G-ERP or Global ERP manages the company's global operation throughout manufacturing sites and sales offices worldwide. Now with the introduction of the next generation ERP system in its regional and local offices in Southeast Asia, Southwest Asia and China, the company aims to effectively support innovations such as the expansion of D2C (Direct to Consumer) business.

The new N-ERP system provides the improved performance required to process large amounts of data; flexible architecture and process to adapt to new businesses such as D2C and helps maximize productivity by introducing new automated technologies such as Optical Character Recognition (OCR), machine learning and Artificial Intelligence (AI).

As a global company operating in 74 countries, Samsung introduced the next generation ERP system with an advanced solution. To fully support rapidly growing future business opportunities, Samsung has enhanced the IT system to be more flexible and widely applicable," said Seongwoo Moon, Senior Vice President and Head of Corporate Business Innovation Center, Samsung Electronics.

Based on an In-Memory database, the system is established to enhance the speed of data processing and analysis. It also supports business simulation based on actual business data to support rapid decision making.

Further, Samsung enhanced the flexibility of the system architecture to effectively work on various business strategies whilst reinforcing system flexibility to make the process more efficient to respond to various business strategies. With open API, the N-ERP system also enables the real-time connection of systems in and outside the company.

Samsung said it will expand the N-ERP system in phases to reach complete global implementation by January 2022.