ERP system
BIS Assignment
Enterprise Resource Planning (EPR) System
Table of Contents
1.0 Executive Summary
With the society develops, the demand of the company’s economic growth is rising rapidly. Improving efficiency is no longer only for production, but also the company’s data processing. Companies with various sizes are seeking ways to increase their profits. Yet they end up finding out that it is hard to process plenty of information during their business.
Enterprise resource planning (ERP) system upstarted overnight, seizing up the opportunity to show off itself. It can “merge a firm’s data, information flows and business processed into a single package” (Lengnick- Hall, Cynthia A., Lengnick Halla, Mark L. and Abdinour, Sue, 2004). It is capable of gaining the bargaining power of both suppliers and customers. Moreover, it has its own special capability to promote the company to win rivalry among existing competitors. However, in order to implement the ERP system correctly, some recommendations need to be taken by the company.
2.0 Introduction
ERP system was first introduced by Gartner Group Inc., one of the most famous world’s leading information technology research and advisory company in US, as an application software in 1990. Later on, ERP system was surprisingly accepted by enterprises from all over the world overnight. Nowadays, it is developed and considered as one of the most important enterprise management theories, which is established on the advanced information technology, providing a decision-making platform for management and staff by using a systematic management idea. “ERP system integrates both internal and external information flows used by the organization within a single, comprehensive solution” (Green Beacon). It involves the practical system to come up a six core ideas, such as Engineering Data Management, Production Management, Project
Enterprise Resource Planning (EPR) System
Table of Contents
1.0 Executive Summary
With the society develops, the demand of the company’s economic growth is rising rapidly. Improving efficiency is no longer only for production, but also the company’s data processing. Companies with various sizes are seeking ways to increase their profits. Yet they end up finding out that it is hard to process plenty of information during their business.
Enterprise resource planning (ERP) system upstarted overnight, seizing up the opportunity to show off itself. It can “merge a firm’s data, information flows and business processed into a single package” (Lengnick- Hall, Cynthia A., Lengnick Halla, Mark L. and Abdinour, Sue, 2004). It is capable of gaining the bargaining power of both suppliers and customers. Moreover, it has its own special capability to promote the company to win rivalry among existing competitors. However, in order to implement the ERP system correctly, some recommendations need to be taken by the company.
2.0 Introduction
ERP system was first introduced by Gartner Group Inc., one of the most famous world’s leading information technology research and advisory company in US, as an application software in 1990. Later on, ERP system was surprisingly accepted by enterprises from all over the world overnight. Nowadays, it is developed and considered as one of the most important enterprise management theories, which is established on the advanced information technology, providing a decision-making platform for management and staff by using a systematic management idea. “ERP system integrates both internal and external information flows used by the organization within a single, comprehensive solution” (Green Beacon). It involves the practical system to come up a six core ideas, such as Engineering Data Management, Production Management, Project
References: Alan S. Khade, Nathan Lovaas (2009) Logistics. http://www.freepatentsonline.com/article/International-Journal-Business-Strategy/208534987.html [Accessed 11/12/2013] Ann Zimmerman (2010) Fishman, C. (2006). The Wal-Mart effect: how the world 's most powerful company really works-- and how it 's transforming the American economy. New York: Penguin Press. Green Beacon Solutions (2013) John Teresko (2004). E-Business – E-Collaboration. http://www.industryweek.com/information-technology/e-business-e-collaboration [Accessed 11/12/2013] McGraw Hill Reed Smith, Jeffrey Yost (2008). Electronic Data Interchange and Enterprise Resource Planning Technology in Supply Chain Contracts. http://home.kelley.iupui.edu/jrsmith2/res/supplychain1108.pdf [Accessed 11/12/2013] Retail Enterprise Resource Planning SIEMENS AG (2012). Pratt & Whitney. Available at: http://www.plm.automation.siemens.com/CaseStudyWeb/dispatch/viewResource.html?resourceId=5519 [Accessed 11/12/2013]