Answer To: 1 Unit BISY2005/ISY2005/ISY205 Enterprise Systems Assessment Type Essay Assessment Number One...
Vikas answered on Sep 03 2021
Enterprise Systems
Business is moreover related to a complex economical system where goods and Service are exchanged for money and to gain profit. In current scenario, Business is not only related just to seeks profit while Business may experience the losses. Every Business required investment, Product or Service and customer bases to whom outcomes (product or services) will be sold constantly. There are multiple interrelated activates within an organization to exchange the services and goods what ensure to manage accounting, optimum utilization of the resources, procurement of material, risk mitigation, Product Management, Supply Chain, and Customer relationship to achieve the organizational goals.
To manage these complex task and interconnectivity in business transformation or producing the goods and servers, many systems are being used. However, Enterprise resource Planning (ERP) system is most commonly used by the organizations to manage their business functions, resource management, database management, staffing, reporting, accounting and other core functional activities. Organizations are required to stores data into a dashboard and allow all departments (as per business needs) to work with the same information and this could be organized, analyzed and represent in report format. This is helpful to brings together HR, financial management, inventory, supply chain and customer and Enterprise resource Planning System (ERP) implementation is a most relevant and useful for these activities.
Enterprise resource Planning (ERP) System: -
ERP refers to the software and systems to plan and manage all type of manufacturing supply chain, finance services, and other related process within the organizations. ERP is use to simplify and automation of the individual’s activities to increase the organizational efficiency by improving the process to utilize the company resources. An ERP system could be effectively used to communicate and bring together business process to enable a flow of data.
The best and simple way to define ERP is to integrate the organizational process (like HR, Project Management, service manufacturing, procurement, implementation, supply chain etc.) into a single system. The key benefits to implement and ERP system are High Productivity, deep insights, lower risk by maximizing business traceability and control to predict and prevent risk, fast track business and financial reporting, simpler IT and improved agility.
Type of ERP Systems: - ERP (Enterprise resource plaining software) is a type of software application what is used as Enterprise Software application. It refers to it’ s designed to satisfied and fulfillment of Organizational need. There are 3 type of ERP systems available…
· Cloud based ERP Solution
· On Premises ERP Solution
· Hybrid ERP Solution
Cloud based ERP Solution: - Cloud bases ERP solution is web-based solution what store its data on storage devices with the help of internet. An organization need to purchase or take its subscription. In this solution software provider provide, support, updates, training, and flexible customizations.
On Premises ERP Solution: - This is the traditional model for deploying software. On premise ERP software implementation gets implement in physical office space i.e. onsite and maintained by the organization staff and this ERP application get installed on company’s computer or server with full access control and installation, its management and maintenance of the hardware and software is the organizational responsibility.
Hybrid ERP Solution: - Hybrid ERP solution is a combination of cloud-based and on-premise ERP system and It refers as two tire ERP.
Different ERP vendors support different module according to user flexibility and organizational needs. Hybrid Implementation is most often used in current scenario.
Key uses of an ERP System to Evaluate the challenges, Success and Trends
The key benefits to implement and ERP system are not only related to High Productivity, deep insights, accounting and HR while this is being used in business process excellence in order to improve customer experience, employee engagement, operations productivity and many more. The Key uses of an ERP system can be evaluate the challenges and support on following expects…
1: - Improve customer experiences: - The Term “Customer Experience” is related to overall customer’s journey with the organization. Business owners put the customer need on high priority and they build the product and services what suit to customer demand. An integrated ERP software system offers an easier and better way to manage the entire customer experience. Improve customer experience is beyond the customer satisfaction. According to Harvard Business review, “On average, the CEOs of US corporation loss half their customer every five years”.
An ERP system what equipped with the right features, can improve our customer’s and manufacturer’s ability to provide high quality customer service to their customers. ERP helps to improve the customer services by streamlining the business process, matching supply with demands and enable access to the information with Customer relationship management.
Customer...