KEDA
History: -
Founded in 1992 by Lu Quin with a small investment, a ceramics machinery manufacturer. They modeled their business after the European market leaders. By 2002, they got listed on the shanghai Stock Exchange, in 2009 they reported revenues of US$209M almost double the amount of 2006.
Nature of Keda's business: -
Their sales orders were typically characterized by customization, low volumes and high margins. Their business also offered plant design and technical consulting services to industrial clients
Keda's business heavily relied on key business functions - such as R & D, purchase of raw materials, inventory management, production - that comprised mainly of assembly line and workshop process, logistics and S&M.
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Each of these projects would be completed in phases and help centralize most of the processes
Zhu defined clear objectives and aligned initiatives with the company's goals
Conducted Status-Quo analysis to identify existing problems
Delineated what problems they were trying to solve, what issues they faced, what resources and investments were needed
Also understood business requirements from various levels of management
Established shared objectives
Zhu stopped other IT projects and focused efforts on the computerization plan
Also prioritized objectives according to urgency
Zhu aimed for improvement in:
Management control
Information quality
Process of choosing an ERP vendor
Vendor invited to visit Keda and understand the objectives and needs of Keda
This also allowed Keda's managers to learn more about information systems and information technology
Visited the exisiting clients of the ERP vendors
Allowed Keda to gain insights on the vendors and also possible complications in the implementation process
Keda could avoid the mistakes made by other companies
Zhu defined what Keda needed and hence had a clear selection criteria for the
The project will follow a series of phases during production. Each phase will reflect a goal in achieving a particular task and also the resources needed to
The first step will be to look at the goals of the project, and align them with the mission of the company. Systematically, the project will be broken into phases: Planning, Organizing, Staffing, Directing, Coordinating, Budgeting, Evaluating, and Reporting. Each phase will be further broken down into tasks and placed into a work breakdown structure. From this view, one is able to see the entire project duration, critical path, and milestones. The Planning phase is integral in any project. This phase of the project defines project objectives, mission, goals, and approach. In addition, outlining key elements of the project is critical: performance expectations, risks analysis, and contingency plans. However, after completion
What struck you as positive and/ or negatives? Were there certain strategic elements that were particularly insightful? Were there any glaring weaknesses that could jeopardize their success?
What potential solutions were there for addressing the policy problem? And what was chosen as the solution?
(Project definition: Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations)
he company was founded in April 2000 by former banker Ronald J. Packard.[1] Initial investors in the company included Michael R. Milken and Lowell Milken of education company Knowledge Universe, who along with the Milken Family Foundation, invested $10 million.[1] Andrew Tisch of the Loews Corporation and Larry Ellison of Oracle Corporation also contributed venture capital.[1]
Q1. ERP projects are expensive and risky. Why did Keda decide to embark on an ERP?
Within the project-based organizations is developed throughout the completion of projects. Between the non-project based organizations, the other areas of the project are completed
Further breaking the project into sections and ensuring an order of how the project will be executed. Etc.
The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and
• who will be responsible for planning and management of project operations as well as the roles of other bodies and organizations associated with the project
ERP, which is an abbreviation for Enterprise Resource Planning, is principally an integration of business management practices and modern technology. Information Technology (IT) integrates with the core business processes of a corporate house to streamline and accomplish specific business objectives. Consequently, ERP is an amalgamation of three most important components; Business Management Practices, Information Technology and Specific Business Objectives.
In 1972, five entrepreneurs had a vision for the business potential of technology. Dietmar Hopp, Hans-Werner Hector, Hasso Plattner, Klaus Tschira, and Claus Wellenreuther founded SAP in 1972. SAP means Systemanalyse und Programmentwicklung which is German for "System Analysis and Program Development.” The name was later changed to Systeme, Anwendungen und Produkte in der Datenverarbeitung which meant Systems, application and products in the data processing in German. With one customer and a handful of employees, SAP set out on a pathway that would not only transform the world of information technology, but would alter the way companies do business forever across the globe. Based on market capitalization,
Operations management is important in CDS (Concept Design services) if they are to continue being one of Europe’s most profitable home ware businesses. As with any other company, CDS objective is to add value to their final product while using its resources effectively and efficiently through its internal processes like planning, scheduling, control, quality. The company has successfully been able to apply the technology used in the aerospace sector into home ware items, through the mastering of injection moulding machines. Moreover, the company has expanded into a premium home ware product market from low end product i.e. “Focus”, integrating new functions within its operations, such as forming partnerships with reputable designers and increasing the volume and complexity of its production i.e. High design value products and outsources the low end low profit making product i.e. “Focus” brand.
While projects can be similar in some instances, no two projects are ever the same. For this reason, management of projects requires the application of tools and techniques to meet the goals of the temporary endeavor. Project managers apply these tools and techniques to determine what is required for project delivery such as the list of activities to completed, the time required to complete the activities, resources needed and the various risks associated with the deliverable and efforts. A multitude of tools and techniques are employed by the project manager based on the need of the effort to organize, identify and communicate the various aspects of the project. While in contrast, the repetitive nature of operations activities