Essay on Sinosteel

1200 Words Feb 9th, 2014 5 Pages
Sinosteel Strengthens Business Management with ERP Applications

1. What is the business of Sinosteel, what are its major challenges, and how would an ERP system address the challenges they face? 2. Why did Sinosteel pursue the development of an ERP system? What were the objectives? What challenges (risks) does ERP address for Sinosteel? [The CEO is difficult to understand on some of the objectives, but later in the video an IT manager is more clear and reflects the CEO’s position almost exactly. You will need to listen carefully]. 3. What factors were important in the choice of Oracle? 4. How did business processes change in order to implement this ERP system? 5. What do you think some of the implementation issues
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Some challenges that needed to be addressed were: centralizing the company’s customer and employee database, enforcing resource management, HR management, and customer relations management. The goal for Sinosteel's ERP program was to optimize resources, increase management expertise, consolidate management, and optimize human resource management. The ERP helped speed up the management process, standardize management regulations and coding, keep information risks to a minimum, and improve data sharing which in turn increased management efficiency.
2. In order to become a more centralized, precise business unit, Sinosteel decided to implement an ERP system. Some of the objectives of this implementation are to prevent the inabilities of management, and to optimize resources; both business and human. With the help of this ERP system, Sinosteel plans to achieve business efficiency and sustainable development. Sinosteel recognized the need to consolidate management to these diverse operations. They chose Oracle software to implement this ERP project. Sinosteel’s goals were set by Huang Tianwen (President of Sinosteel Corporation). Some of the goals were to prevent risks in business operations and management and to also optimize its resource assignments and human resource management. Using a range of Oracle software,

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