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Erp and related technology
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ERP System Analysis: Colgate ERP Implementation MBA517 Information system management Midterm paper DI BAI 108726305 Introduction With development of the information system management, ERP system has been familiar with more and more people. What is the ERP? ERP is short for Enterprise resource planning; generally speaking, it is an Integrated Information System. From the definition of Wikipedia, ERP is business management software—usually a suite of integrated applications, that a company can use to store and manage data from every stage of business, usually it includes several components, such as forecast and planning, manufacturing, marketing and sales, inventory management, etc. This paper gives you a whole idea of what ERP system is, with states its benefits and importance, and also, using Colgate as an example, to analyst its SAP system. Importance analysis In 1990, basing on the rapid development of information technology and supply chain management, Gartner Group firstly announced the concept of ERP. It is not a brand new concept actually, it is an extension of MRP (Material requirement planning) and MRP|| (Manufacturing resource planning), but it is different from traditional system because ERP systems run on a variety of computer hardware and network configurations, typically using a database as an information repository, provide an integrated real-time view of core business processes, using common databases maintained by a database management system. ERP systems are designed to enhance organization’s competitiveness by upgrading an organization’s ability to generate timely and accurate information throughout the enterprise and its supply chain. A successful ERP system implementation can shorten production cycles,increa... ... middle of paper ... ...e are still some disadvantages we have to concern: A major disadvantage of ERP is its overall startup cost, which is usually cost from $15,000 for small size company, and up to billion dollars for globe group. Further more, it is hard to customize. Because it will need huge support from database, and every organization has different situation and different rules, it will need huge technical support. At last, it has weakness to external security threats. Due to the network safety issue, it will need a strong shield to protect confidential data and information, if not well protected, hacker may attack the system, which will be a disaster to the organization. With technology develops, I believe more and more weakness will be reduced. Being able to weigh both advantages and disadvantages will allow a company to decide if this solution will properly meet their needs.
‘The strengths, weaknesses, opportunities and threats analysis often forms the bedrock of any product planning process. It provides a simple yet effective framework for analysing both internal resources and external trends and competitors’ (Pender, L, 1999: 179)
DWP Systems performed an outer security helplessness evaluation of ABC association. An outside appraisal takes a gander at gadgets, for example, firewalls, servers and switches that give administrations on the Internet. It likewise covers application layer appraisals on any online administrations remotely confronting. We additionally take a gander at the workstations in your association and how they are being utilized by the clients. The physical building is additionally examined for any passageways and exits. This is to guarantee that the building that is lodging the information and data is secured also.
A system integrated approach would improve the business process and hence enable the different functions to share information. It was clearly identified that the ERP deployment would benefit the company through all these elements. In the case, benefits of ERP adoption were not quantified but improved cost and better pricing strategy were discussed to justify the ERP project financially. It can be interpreted that ERP, leading to improved cost analysis, cost control, less redundancy, optimized production and better pricing, would result in low costs and hence higher profit for the company. Financial justification for the ERP adoption can also be inferred through the fact that it would lead to resolution of several problems which the company faces
Once the new products are identified for your business (Milestone One), how has the use of technology helped or hindered this organization in determining which new products to
The company must make sure the benefits will outweigh the costs and a serious commitment must be made to successfully implement the system. Per a study by the Meta Group, among 63 companies surveyed implementing an ERP system, the average cost was $15 million with a high of $300 million and a low of $400,000. The study also showed that it took 8 months after the system was incorporated (31 months in total) to see any benefits (Stevenson, pg.
The non-commercial website Lego.com has been an enormous success providing Lego with a strong presence on the Internet. However, implementing a website capable of handling sales transactions requires a great deal more than a non-commercial site. The firm has implemented an ERP system which may provide some technical support for the website. The details of the ERP system are unknown at this time; however, the goal of implementing the system was to optimize the supply chain from production to distribution, which will be a significant opportunity for the E-Commerce project. Another important consideration is incorporating the ERP system into the E-Commerce transactions so that separate systems and processes are not necessary.
Adam, F. and O'Doherty, P. 2000. 'Lessons from Enterprise Resource Planning Implementations in Ireland - Towards Smaller and Shorter ERP Projects', Journal of Information Technology,14(4): 305-316
When an ERP is done correctly, the company can enhance flexibility, profit and productivity, while eliminating cost and inefficiencies. However, not all ERP systems are
What is the worst that could happen to a large insurance and financial corporation with facilities in several states? Exploring the seven domains of a typical IT infrastructure leads to several possibilities. One possible scenario for each of the seven domains, user, workstation, LAN, LAN-to-WAN, remote access, WAN, and system/application will be explored in depth and taken to the furthest worst-case scenario.
In order to survive in this competitive business world, every business must produce or offer not only a better product or service, they must also offer better customer service, reduce their production costs and overhead costs, have a more well-planned management system, a highly reliable infrastructure, and the list is endless. Many of these can be achieved through a customized enterprise resource planning system (ERP). ERPs serve as “one comprehensive database to house all of the company’s corporate information”. However if these systems are not used correctly with the necessary change in management of people and technology it can result in failure.
The enterprise resource planning (ERP) system is the main contributor of fundamental decision-making process. A greater efficiency will be created by storing our business’s critical knowledge that determines the decisions that drive performance in one accessible location. Using the ERP system will create a collaboration between department; therefore, removing the independent department decision-making process that can cause issues when one department does not communicate with another department.
“An Enterprise resource planning (ERP) systems are software systems for business management, supporting areas such as planning, manufacturing, sales, marketing, distribution, accounting, finance, human resource management, project management, inventory management, service and maintenance, transportation, and e-business”.( Haag, Cummings, Phillips, S, M, A (2007). Mangement Information Systems. New Yory, NY: The McGraw-Hill Company Inc..)
... need for this one human interaction with the system is what makes it vulnerable to errors and redundancy and the need to get it right is paramount. So the production plan is created bases on the sales order and this is shared with purchasing so that any unavailable material can be ordered. This shows how the MRP links the production with purchasing as well as accounting. Using this information links and sharing properly in the ERP can result in significant cost savings because companies are beginning to see its SCM as part of a larger process than just customers and suppliers.
ERP helps and supports centralization by enforcing uniform data standards and business processes throughout a company and a single unified technology platform. ERP systems can be either; Customised or Configured
Analysis of ERP implementation reveals the fact that not only installing the ERP softwares wil start giving benefits to the companies.But there is a need to consider certain facts such as sustained management support,user involvement,trust between implementation partners,ERP implementation strategy and proper planning etc. Lastly,it is strongly recommended that the management and the users should work together to get the maximum benefits.