Incorporation of Information Technology Solutions Essay

Today Enterprise Resource Planning (ERP) is extensively adopted by many organizations regardless of kind and size, mainly because it provides enterprise-wide view of information across all their business operations and help organizations achieve consistency across all their functional departments. The potential benefits of ERP system implementation include improved coordination across functional areas, increased efficiency, reduced operational costs, rapid access to information for decision making, managerial control and support for strategic planning.

Making decision of what to select between “best of breed” and Enterprise Resource Planning (ERP) systems are never easy. There are many controversy or chaos issues surrounds this thought and debate. Which one is better? What factors need to be considered? This paper will address the difference between “best of breed” and ERP System that needs to be considered, such as the definition, advantages and disadvantages each of them.

To be successful in today's competitive and continuous evolving information technology (IT) market companies must be able to utilise their skills, information and knowledge to the highest efficiency level possible. Utilisation of and control over these factors will aid companies in acquiring and maintaining competitive advantages over others operating in the same competitive IT market. The implementation of an Enterprise Resource Planning (ERP) system would be perfect to suit a

Enterprise resource planning enables firms to replace different departmental information systems and database silos with systems that collectively work as a single cross functional database. ERP systems are available for every key business function such as order processing, production control, HR, warehouse, marketing, finance and much more. By having a common technology and database platform throughout the firm, systems and processes from various departments can be integrated that achieve superiority in terms of enhanced cost, operational and productivity benefits. Implementing an ERP system requires careful planning to achieve the targeted benefits and minimize the risk of project failure.

Enterprise Resource Planning System (ERP), also referred to as the traditional management system, was generated from the MRP or the Material Requirement Systems. Companies have utilized this system for well over 25 years. In its primary set up, the MRP stores data related to inventory control and production planning. The system is widespread with the use of one its system with the largest market share, the SAP system is the primary base system for over 60 percent of multinational companies. Many companies have been influenced by ERP over the years, including both small and medium size businesses; it is the

Today’s owners and management teams are faced with making tough decisions about how to manage operations in their organization. They need to be innovative to help reduce internal costs, improve processes, and increase efficiency across the organization (SelectHub, 2015). Thus, implementing an enterprise resource planning (ERP) system can provide many benefits to an organization. The benefits of using an enterprise system offer particular benefits, such as the support of teamwork, an improved response to the marketplace, increased work quality and greater employee collaboration and efficiency (SelectHub, 2015). Even though, ERP can provide many benefits, it also has pitfalls due to the complexity to implement, time consuming, requiring

Enterprise Resources Planning (ERP) is the core system of any company. In order to facilitate all departments in a manner to improve issues, there are a few things that must be meet to successfully utilize a software system such as ERP. This allows any member within the company to access a single and centralized data source with information regarding products, services, customers and suppliers (Sadrzadehrafiei, Chofreh, Hosseini, & Sulaiman, 2013). The ability to share and access one software benefits the company to improve in areas such as sales and marketing, customer satisfaction, human resources, operations, and more. In addition, business intelligence tools such as ERP systems provide the techniques and solutions managers need to analyze and understand complex business situations, and simplify decision making processes that is of crucial importance during times of financial and economic crisis (Antoniadis, Tsiakiris, & Tsopogloy, S. 2015). This paper explores the definition and functions of an ERP system and the successes and costs of implementation.

ERP system is based on the single database system this database access to everyone in the department which provides very significant impact on the operational command on the business. It also makes easier to decision making process in the business. According to data in 2000 organization spend over 20 billion USD for ERP planning. Which rises 6.7 billion only in a year and they estimated that will be more than 27 billion next 8 years. (Wang, 2008)

Company A being a leading value added distributor for Telecom hardware platform and services in APAC can benefit largely from the implementation of an ERP system. The ERP system will be their business management tool to assist them to use a system of applications which are integrated to manage their regular activities. The ERP system will incorporate all aspects of the entire organization including finance and accounting, human resources, manufacturing and supply chain management, project management, customer relationship management, data services and control of access ADDIN EN.CITE Wallace2001619(Wallace & Kremzar, 2001)6196196Wallace, T.F.Kremzar, M.H.ERP: making it happen : the implementers' guide to success with enterprise resource planning2001New YorkWiley9780471392019http://books.google.co.ke/books?id=Wa3vIn5DKc8C( HYPERLINK l "_ENREF_10" o "Wallace, 2001 #619" Wallace & Kremzar, 2001).

Enterprise resource planning (ERP) system is a business management system that comprises set of rules and regulation, which should be used, for the successful

The success of any business lies in effective communication and proper data exchange within internal departments. Delayed in latest information is a remarkable obstacle in failure of any business. To overcome this problem, a proficient solution "ERP" came into existence. The vast tool, capable of integrating internal business processes of any organization, is so called termed as Enterprise Resource Planning. ERP is an approach of amalgamating the various departments of an enterprise such as Sales, HR, Finance, Marketing, Production, Warehouse, etc. The single source where internal departments can share and access information quickly is ERP. In actual, ERP is a wide centralized database where all the inter-departmental data is stored. It is capable of performing multiple operations in a single time and can be used by various enterprise units at the same time.

In recent years, there has been many changes occurred in the management of business environment. In the past years, there was a competition among the industries only for price and quality. But nowadays market demands customer satisfaction firstly along with price and quality of the product. To meet this demanding situation, various measures are taken by the companies. And enterprise resource planning (ERP) is one of the major measure consider by the companies these days. This ERP software is a comprehensive solution package to integrate the organizational processes like sales, finance and inventory management etc. Even

ERP can be a difficult task, it takes more than months to setup and it costs more than software and hardware, but if everything is prepared with proper resources than implementation of ERP system can be completed with in budget in a proper or required time frame

Enterprise resource planning (ERP) systems attempt to combine data and processes in organizations. The data is centralized as a single database. This database functions as a hub that stores, shares, and circulates data from within the different organizational units and business functions. ERP systems are one of the most adopted information technology (IT) solutions in organizations. Besides the possible cost savings, one of the main drivers for an ERP adoption would be the technical and operation integration of business functions to complement the information stream with the material flow of goods or services. In order for the management and employees to utilize the use of the competitive capabilities of ERP systems, they

For this essay I have chosen the analysis of the ERP system. In the last few weeks we have been focusing mainly on ERP and discussing it, therefore I have chosen it. I believe that this assignment will help me find out how well I have mastered the understanding of the ERP system.