Discuss The Advantages And Disadvantages Of Erp System

3 Improved lead time: The business process will be able to able to respond quickly with fewer delays. It also ensures timely availability of the product in the market.

HR records encompass a wide range of data relating to individuals working in an organisation, which may be stored in a variety of media, such as computer database or paper files. There and advantages and disadvantages to both media

Microsoft software holds a promising segment in the SME market. They are upgrading constantly the versions and are expert in the products from the vendor 's point of view (who knows all the practical difficulties of the stakeholders). They are taking a very liberal stand when it happened in the market and competitors so as to be more compatible to the users. More innovations will take the company to

Inventory reduction helps to reduce costs by reducing the amount of space needed at any given time. Warehouse space is expensive and keeping real-time inventory records along with automating many of the processes that go into the manufacturing process will allow the client to have more of a

The person in charge of human resources would be responsible for the recruitment side of the business such as advertising for a post, be part of the interview and selection process, be part of the induction process. The HR manager would be responsible or making sure they’re up to date with all the most recent employment law legislation and ensuring people know about the changes. The HR manger would also be responsible for wages, finance and pensions in accordance with company policies.

A human resource manager is responsible for employee compensation, recruitment, employee policies, and regulatory compliance. The positions is no longer simply administrative, human resources has become the heart of organizational culture. Human resources help companies make the best of their human capital by hiring intelligently, providing incentives towards retention and creating growth opportunities for the employees. If a company has successful human resource personnel the company stands

Unifying operational functions of a vertically integrated company delivers specific advantages. Technology allows organizations to fully leverage the benefits of collaboration. An integrated business system will allow business leaders to redesign workflows, processes and organizational structures to drive better efficiency, quality and decision-making. The collaboration of logistics, operations, production and administration can improve a company’s business agility. Timely data, validated reports and real-time monitoring enable better cost control, financial oversight and enterprise planning. Strategic planning can increase overall performance of personnel, maintenance, scheduling and

These procurement strategies enables Hudson Bay to lessen their lead times and make the company in a position to respond to market requirements on time and also advise the exact shipment destination to its suppliers. So that it can meet the consumer demands effectively (Choi, 2014).

With the process being shortened, what is in demand can be procured in less time and sold to the customers that demand it.

Re-engineering of business processes to fit the "industry standard" prescribed by the ERP system may lead to a loss of competitive advantage.

Tektronix implemented ERP in stages. The organization adopted staged approach because of the following reasons:

A common way of decreasing the amount of inventory a business holds on a daily basis is implementing a just-in-time inventory process. A Just-In-Time inventory system means that the business gets the materials for a product, as they are demanded. “The electronic data

Lead time is the time from the placement of an order by a customer until the customer receives the good

Human Resource Management (HR). This is the management of a business’s workforce or people. It is responsible for several things including the selection, training and assessment of employees, making sure that employment and labour laws are complied with and ensuring the leadership of the company overseen properly. In smaller companies the HR department may just be a few trained staff, but in larger organizations there will be a whole department focussed on HR.

Delayed differentiation or Postponement is a concept in supply chain management where the manufacturing process starts by shipping a generic product as far down the supply chain before variety (differentiation) is added. Since aggregated forecast are more accurate, instead of building a complete product based on forecast HP should build based on orders (push-pull strategy) and actual assembly specific product that is ordered. For example, the