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Enterprise resource planning (erp)

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Enterprise resource planning (erp)

  1. 1. ENTERPRISE RESOURCE PLANNING (ERP) Presented by, Ayshwarya chandrasekaran Hemapriyadharshini Sampath kumar Swetha vonteddu
  2. 2. ENTERPRISE RESOURCE PLANNING (ERP)  “A business strategy and set of industry-domain specific applications that build customer and shareholder communities value network system by enabling and optimizing enterprise and inter enterprise collaborative operational and financial processes. (Gartner Research Note SPA-12-0420) ”
  3. 3. BEST PRACTICES According to Umble, E, Haft & Umble, M (2003), some of the best practices for implementing ERP are  Clear understanding of strategic goals  Commitment by top management  Excellent project management  Organizational change management  A great implementation team Data accuracy  Extensive education and training  Focused performance measures  Multi-site issues
  4. 4. Middleware Vs ERP solution
  5. 5. Middleware Vs ERP solution
  6. 6. ADVANTAGES  Provision to automate several process (Umble et al, 2003)  Dedicated modules for integrating and managing data from various departments such as finance, sales, service, and so on (Meet Our Departments, 2014)  Flexible according to business requirements (Shang & Seddon, 2002)  Ready made solutions for most of the issues (Hossain, Patrick, Rashid & Rashid, 2002)  Return over investment earlier than in-house software (O'Leary, 2000)  Unified reporting system (O'Leary, 2000)  Improved decision making (O'Leary, 2000)  Easier for order tracking, inventory tracking, revenue tracking, sales forecasting and related activities (O'Leary, 2000).
  7. 7. CHALLENGES  High implementation cost (O'Leary, 2000).  Delay on return on investment but yields steady performance over time when compared to non-adopters (Hunton, Lippincott & Reck, 2003)  Requires much customization to fit business needs (Hossain et al, 2002)  Migration from legacy system to ERP system is difficult (Kremers & Van Dissel, 2000)
  8. 8. CONCLUSION  ERP is the tool for an integrated information system to stay competitive and customer‐oriented for all organizations.  Integrates and automate business functions at organizational level  Excellent information system that satisfies both business and customer needs  Increases business revenue
  9. 9. REFERENCES  Hossain, L., Patrick, J. D., Rashid, M. A., & Rashid, M. A. (2002). Enterprise resource planning: global opportunities and challenges. IGI Global.  Hunton, J. E., Lippincott, B., & Reck, J. L. (2003). Enterprise resource planning systems: comparing firm performance of adopters and nonadopters.International Journal of Accounting information systems, 4(3), 165-184.  Kremers, M., & Van Dissel, H. (2000). Enterprise resource planning: ERP system migrations. Communications of the ACM, 43(4), 53-56.  Meet Our Departments - Central Nissan. (n.d.). Retrieved November 25, 2014, from http://www.centralnissan.net/MeetOurDepartments  O'Leary, D. E. (2000). Enterprise resource planning systems: systems, life cycle, electronic commerce, and risk. Cambridge university press.
  10. 10.  Shang, S., & Seddon, P. B. (2002). Assessing and managing the benefits of enterprise systems: the business manager's perspective. Information Systems Journal, 12(4), 271-299.  Umble, E. J., Haft, R. R., & Umble, M. M. (2003). Enterprise resource planning: Implementation procedures and critical success factors. European journal of operational research, 146(2), 241-257.

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