ERP Strategies and Vision

Although all of above factors played very important role in the success of ERP implementation, the most important one should be the clear understanding of its strategic goal. Cisco did correctly to define themselves and realize the current problem and make plan

Symptoms: A few symptoms mentioned was that specialized knowledge was concentrated in a few individuals, embellishing the scorecards to mask some of the issues, gaps in understanding of priority between project team and actual business, and finally some feedback on wanting SAP to have done more for an individual’s current job.

Information technology strategy theorists have also commented on this disparity between plan and information, such as Gottschalk (Gottschalk 1999a). In fact, Gottschalk attempted to address this issue with his ‘strategy implementation matrix’, which tried to resolve the disparity by appeal to enterprise resource planning (Gottschalk 1999b).

The most significant costs and risks a company can take are in re-aligning its core business processes and systems to allow for greater responsiveness to market opportunities and threats. Increasingly Enterprise Resource Planning (ERP) systems are being used as the unifying platform for all systems throughout an enterprise. As a result, the project, implementation, training and support plans often must be carefully devised and implemented across nontechnical and technical personnel to ensure the overall project's success. ERP systems especially are fulfilling a critical role in the managing of enterprises, taking on the tasks of managing accounting, financial reporting, supply chain management, logistics and ongoing quality management of products, processes and the role of people in adding value to finished goods and services (Ash, Burn, 2003). ERP has become the catalyst of entirely new approaches to using information, including the ongoing development of analytics and business intelligence (BI) applications that are giving executives greater visibility into their operations than ever before (Ash, Burn, 2003). In addition to analytics and BI, companies are aggressively pursuing Customer Relationship Management (CRM) systems that give them the ability to more effectively track and evaluate the performance of marketing and selling strategies. CRM systems are

Topic Name: Addressing Corruption by detecting Financial Statement Fraud using ERP and Outlier Detection techniques.

As South Asian countries they are more concern about the budgets of a project. Each company should estimate organizations resources and business needs in order to see whether it is ready for the system or not. A clear business plan and vision to direct the path of the project is needed throughout the ERP life cycle. Using a business plan, top management can sketch proposed strategic and tangible benefits, resources, costs, risks and timeline. Through identifying all the goals and the benefits it would be helpful to measure the success of the project.

There are no shortcuts for strategic planning process. They ensure that business, organizational and information strategies are aligned. Internal and external assessment needs to be addressed for information technology systems within the organizations. This is the part of planning process for technology. Strategy states the direction we want to go and how we intend to get a plan depicts f guides decision for developing a strategic plan in order to provide a context for decision making.

Strategy – Long term plan of how to achieve an orgs objectives and resources needed.

Strategic planning is an organization 's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action. Generally, strategic planning deals with at least one of three key questions: “What do we do?”, “For whom do we do it?”, and “How do we excel?”. In many organizations, this is viewed as a process for determining where an organization is going over the next year or more typically 5 years (long term), although some extend their vision to 20 years. Organizations sometimes summarize goals and

Most ERP projects are undertaken in order to reduce costs, improve efficiency of daily operations, improve access to financial information, and move away from outdated, inefficient systems with a lot of manual processes, double entries and cumbersome approval processes.

Strategic planning is described as the administrative process of determining the goals and benchmarks needed to reach the long-range objectives that have been set for an organization (Glaser, 1971). This comprehensive collection of plans is set forth to cover the overall path of the organization within a four to five year period (Glaser, 1971). This inclusive plan accounts for items related to the essential competencies of the organization as well as positioning the organization to harness the competitive specializations that provide an advantage over the competition (Gamble & Thompson, 2011). Strategic planning is concerned with the pursuit and maintenance of this competitive edge (Gamble & Thompson, 2011).

ERP have been generally oriented towards big companies, however, recently ERP designers are looking for extending the market. Therefore, they are taking into consideration the PYMES sector and they are using successful strategies to catch that market, as for example the developing of systems with some of the following characteristics:

Strategic planning is described as the administrative process of determining the goals and benchmarks needed to reach the long-range objectives that have been set for an organization (Glaser, 1971). This comprehensive collection of plans is set forth to cover the overall path of the organization within a four to five year period (Glaser, 1971). This inclusive plan accounts for items related to the essential competencies of the organization as well as positioning the organization to harness the competitive specializations that provide an advantage over the competition (Gamble & Thompson, 2011). Strategic planning is concerned with the pursuit and maintenance of this competitive edge (Gamble & Thompson, 2011).

In order to develop a new ERP package the available packages should be evaluated before coming to the solution But this pre evaluation should be done with a chosen number of packages since there are hundreds of packages and vendors are available In this stage packages that are not suitable for the company’s business process should be eliminated and only the identified necessary ERP s should be studied extensively using brochures,

The next-generation ERP (Enterprise Resource Planning) business suite is the SAP S/4 HANA, the company’s biggest innovation since SAP R/3. SAP S/4HANA is a real-time enterprise resource management suite for digital business. It is built on an advanced in-memory platform, SAP HANA, and offers a personalized, consumer-grade user experience with SAP Fiori. Deployable in the cloud or on premise, SAP S/4HANA can drive instant value across all lines of business. (www.sap.com)