Paper 1 by steven ERP is short for enterprise resource planning which is designed to improve both external customer relationship s and internal collaborations by automating tasks and activities that streamline work process, shorten business process cycles, and increase user productivity. ERP software integrated all facets of an operation, including product planning, development, manufacturing processes, sales and marketing. In this short essay, three ERP application softwares from Oracle, Epicor and Netsuite were compared separately in the form of diagram: Product name Oracle ERP(E-business suite) Introduction Oracle ERP is the core software of Oracle E-Business Suite and Oracle …show more content…
Non-stop support for your global operations 7. Protect the value of existing investments 8. Extend the value of current applications 9. Help to evolve to the next generation Product name Epicor ERP Introduction Epicor has over 33,000 customers in over 150 countries and delivers solutions in more than 30 languages. It primarily serves mid-market firms and subsidiaries of major corporations, and is particularly well-suited to companies with 100+ employees. It is used by companies in a wide range of industries including manufacturing, distribution, services, retail and hospitality. Structure Development model On premise SaaS /Online Server platform Windows Linux Cloud Industries Aerospace Automotive Chemical Construction Consumer Products Defense Electronics Engineering Manufacturing Medical Benefits 1. Capability: Manage every aspect of your business by taking advantage of powerful features and industry-specific solutions 2. Visibility: Using a single platform, data is shared across your entire business giving you the visibility and insights you need for effective decisions 3. Efficiency: Streamline your many and varied business processes, reduce manual activities and re-work, and tap into real-time information. 4. Scalability: Provides a strong platform for growth, supporting your business as you grow all the way to the top of the mid-market and above 5. Confidence: Be reassured by
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.
Benefits: Communications both internally and externally with dealers and partners have been radically improved. Information is now hosted centrally on a web-based portal, allowing all parties to access real time, up to date information at any time.
Having other support systems in place, such as for the supply chain and human resources, allows for management to effectively manage more business procedures online and reduce overall paper, gather better information for decisions and makes the organization to gain a competitive advantage (O & Marakas, 2008).
Simplicity - Creates efficiency, clarity and clear orientation within our organization as well as for our customers.
1. Cisco suffered from inertia when an attempt was made to engage business management in selecting software for their individual areas, and/or agreeing to participate in the ERP implementation project. List and explain reasons why management would hesitate to become engaged in the IT process/project.
Application development: Having a real-time electronic interface with wholesalers created competitive advantages such as reducing cost.
1. Highly Skilled Managers The operation of the company will run smoothly. The performance of the company will improve and would lead the company to be successful.
2. Flexibility increase speed of response - being able to give fast service for customers depends on the operation being flexible. Flexible operations speedily transfer extra skilled staff and equipment to the urgent conditions and emergencies will provide the service
ERP software is designed to model and automate many of the basic processes of a company, from finance to the shop floor, with the goal of integrating
(Balestrero, pg. 143). The advantage of shared, on demand data allows teams to work more collaboratively and with the most up to date information which aids in employee retention and attracting more talented employees. This initiative will also aid in driving innovated products and processes, as it more employees and leaders are able to view a wider range of data and information. In turn they can use the virtual workplace platforms to plan, develop, solve and implement solutions without needing to travel from office to office and limited access to
Also by these systems the company reduced its business cost and maintains the information and the data very updated form.
The added IT solutions will help in improving company’s scalability. Using these solutions, in a long run, will help the company in expanding its customer base and its reach across the country.
They faced challenges from acquiring many companies because during the acquisitions Bombardier inherited the data, processes and systems of each company which created inefficiencies. Systems didn’t communicate with each other resulting in low inventory turns and price inconsistency. This was not productive for Bombardier and was time consuming for the employees. The biggest problem was the low visibility of inventory and the lack of communication between systems. Bombardier had now a global presence but was not organized to maintain growth without changing the vision and processes. Another challenge is resistance to change, this factor can have a huge impact on the new vision and
In the competitive business world of today, companies have to strive to be the best. They have to develop new ideas and innovations that set them apart. At the same time, these companies need to find ways to perform more efficiently. If a company is efficient in their capabilities then the typical results are the business has lower costs and/or they are performing to the best of their abilities. All companies in today’s world strive for all these things because they know if they do not they will fall behind and send business to their competitors. Many companies have been using a component that helps reduce costs and allows information to be accessed easier across