HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI5019 Strategic Information Systems for Business and Enterprise Group Assignment Assessment Details and Submission Guidelines Trimester T2 2019 Unit Code...

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HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI5019 Strategic Information Systems for Business and Enterprise Group Assignment Assessment Details and Submission Guidelines Trimester T2 2019 Unit Code HI5019 Unit Title Strategic Information Systems for Business and Enterprise Assessment Type Group assignment Assessment Title Case Study – Gracious Industries Purpose of the assessment (with ULO Mapping) Students are required to:  Appreciate the purpose of computer controls and auditing in digital economy (ULO 6)  Describe the processes use in the development of computer-based systems/ERP and the ways in which processes are managed (ULO 7) Weight 20% of the total assessments Total Marks 20 Word limit Not more than 3,500 words Due Date Week 10, Friday 5:00 pm (AEST) Submission Guidelines  This assignment is to be completed by a group of 3 - 5 students.  Students must report the names and student IDs for all group members to the lecturer of their class by e-mail before the end of week 8.  All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.  The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.  Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style. Page 2 of 5 HI5019 Strategic Information Systems for Business and Enterprise Group Assignment Assignment Specifications Background Gracious Industries is a private limited company with 35 employees and sales revenue of more than $10.5 million during the past year. It has been in business for over 40 years and supplies electronic parts to a number of different businesses, including hardware stores and supermarket. The company has experienced a growth in orders over the last few years for some of its new green product ranges. However, Gracious has recently lost some key accounts because of being unable to produce some of its products at a competitive price. Although the company hired an accountant who was keeping their books for them and producing the financial statements each year, the company thought they needed much more information to run their business efficiently. They felt that they needed to make an investment in an accounting software to take their business to the next level. Required You are required to prepare a report to evaluate and recommend an Enterprise Resource Planning (ERP) system for Gracious Industries. The report should include the following components:  Business requirements o What are the key business processes for Gracious Industries? o What are the major control risks for the business processes of the company?  Systems requirements o What are some of the possible ERP features and functionalities that the company should consider to achieve their business objectives and minimise the control risks?  Software selection o Visit the websites of at least three (3) ERP vendors and provide a brief description of each vendor and its products.  Vendor selection o Compare and contrast the features and functionalities of two ERP software packages offered by the three vendors described in the report. o Which one would be the most suitable vendor and ERP software package for the company and why? Assignment Structure The report should include the following components:  Assignment cover page clearly stating your name and student number  A table of contents, executive summary  A brief introduction or overview of what the report is about.  Body of the report with sections to answer the above issues and with appropriate section headings  Conclusion  List of references The report should be grounded on relevant literature and all references must be properly cited and included in the reference list. Page 3 of 5 HI5019 Strategic Information Systems for Business and Enterprise Group Assignment Marking criteria Marking criteria Weighting Key business processes for Gracious Industries 2% Major control risks for the business processes of the company 2% ERP features and functionalities that the company should consider 3% Description of ERP vendors and their products 3% Comparison of factures and functionalities of two ERP packages 4% The choice of ERP software package for the company 2% Presentation 2% Research quality 2% TOTAL Weight 20% Page 4 of 5 HI5019 Strategic Information Systems for Business and Enterprise Group Assignment Marking Rubric Excellent Very Good Good Satisfactory Unsatisfactory Key business processes for Gracious Industries /2 Identify all key business processes for the company. Identify most key business process for the company. Identify most key business processes for the company with minor errors. Identify some business processes for the company with errors and/or omissions. Fail to identify any key business process for the company. Major control risks for the business processes of the company /2 Identify all major control risks for the business processes. Identify most major control risks for the business processes. Identify most major control risks for the business processes with minor errors. Identify some major control risks for the business processes with errors and/or omissions. Fail to identify any major control risk for the business processes. ERP features and functionalities that the company should consider /3 Present an excellent discussion on features and functionalities of ERP that the company should consider. Present a very good discussion on features and functionalities of ERP that the company should consider. Present a good discussion on features and functionalities of ERP that the company should consider with minor errors and/or omissions. Present a discussion on features and functionalities of ERP that the company should consider with errors and/or omissions. Fail to present a proper discussion on features and functionalities of ERP that the company should consider. Description of ERP vendors and their products /3 Present an excellent description of ERP vendors and their products. Present a very good description of ERP vendors and their products. Present a good description of ERP vendors and their products with minor errors and/or omissions. Present a description of ERP vendors and their products with errors and/or omissions. Fail to present a proper description of ERP vendors and their products. Comparison of factures and functionalities of two ERP software packages /4 Present an excellent comparison of factures and functionalities of two ERP software packages. Present a very good comparison of factures and functionalities of two ERP software packages. Present a good comparison of factures and functionalities of two ERP software packages with minor errors and/or omissions. Present a reasonable comparison of factures and functionalities of two ERP software packages with errors and omissions. Fail to present a proper comparison of factures and functionalities of two ERP software packages. The choice of ERP software package for the company /2 Propose a choice of ERP software package based on very strong arguments. Propose a choice of ERP software package based on strong arguments. Propose a choice of ERP software package based on reasonable arguments. Propose a choice of ERP software package based on weak or inadequate arguments. Fail to propose a proper choice of ERP software package or back the proposed choice with valid argument. Page 5 of 5 HI5019 Strategic Information Systems for Business and Enterprise Group Assignment Presentation /2 Report included all elements and was very well presented. Writing flowed clearly and sections were linked very effectively. Referencing was exemplary. English was used very effectively and was errorfree. Report included all elements and was well presented. Writing flowed clearly and sections were linked effectively. Referencing was of a high standard. English was used effectively with very few errors present. Report included all elements and was generally presented appropriately. Writing mostly flowed well and sections were linked. Referencing was in accordance with guidelines. English was used effectively with few errors present. Report included most elements and was adequately presented. Writing sometimes did not flow clearly leaving the paper to seem disjointed in areas. Referencing was somewhat in accordance with guidelines. Basic English was used with some errors present. Report lacked some elements and was poorly presented. Writing often did not flow clearly leaving the paper to seem somewhat disjointed. Referencing was not entirely in accordance with relevant guidelines. Basic English was used with errors present. Research Quality /2 An extensive amount of highquality evidence from peerreviewed journal articles and other sources was included and used effectively to support discussion. A broad range of quality peerreviewed journal references and other sources was included and used effectively to support discussion. An adequate range of peerreviewed journal references was included and used to support discussion. An adequate range of peerreviewed journal references was included and used to a basic extent to support discussion. Little or no peerreviewed journal references were included and these were rarely used to support discussion effectively.
Answered Same DaySep 05, 2021HI5019

Answer To: HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI5019 Strategic Information Systems for Business and...

Sarabjeet answered on Sep 20 2021
137 Votes
ERP
ERP
ERP
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Contents
Introduction    3
Business requirements    3
What are the key business processes for Gracious Industries?    3
What are the major control risks for the business processes of the company?    3
Systems requirements    4
What are some of the possible ERP features and functionalities that the company should consider to achieve their business objectives and minimize the control risks?    4
Software selection    6
Visit the websites of at least three ERP vendors and provide a brief description of each vendor and its products.    6
Vendor selection    8
Compare and contrast the features and functionalities of two ERP software packages offered by the three vendo
rs described in the report.    8
SAP Business One    8
Sage ERP X3    9
Which one would be the most suitable vendor and ERP software package for the company and why?    11
Manage suppliers    12
Conclusion    13
References    14
Introduction
The ERP system is defined as integrated system for business management that encompasses all executive departments for example HR, accounting, finance, production and logistics. Application of an ERP system helps to integrate and organize an organization's information flow and operating process. The use of ERP in a business organization helps to optimize the use of various resources including machines, money, and materials. The ERP system is a module that can be customize to suit business needs and process requirements (Asgar and King, 2016). Whenever any organization makes a decision to implementing an ERP, the ongoing process has an impact on the ongoing process of the organization. Choosing the right process and vendor for implementations of ERP system is an important requirement of the association. This specific report focuses on identifying the criteria and procedures for selecting the right vendor for Gracious Industries.
Business requirements
Key business processes for Gracious Industries
Gracious Industries is a private limited company with 35 employees and over 10.5 million sale revenue in the last year. It has been in business for 40 years and supplies electronic parts to many different businesses, including hardware stores and supermarkets (Boniecki and Rawłuszko, 2018). Over the years, the company has seen an increase in orders in some of its new green product ranges.
What are the major control risks for the business processes of the company?
Gracious Industries has recently lost some key accounts due to his inability to produce some of his products at a competitive price. Although the company had hired an accountant who kept their books for them and made financial statements every year, the company felt it needed more information to run its business efficiently. They felt that investing in accounting software needed to take their business to the next level (Chandrakumar and Parthasarathy, 2016). Faced with the threat of information age, unpleasant direction, to encourage rapid development, Gracious Industries hold good influence or authority over information technology to the power of primary path of information warfare. Generally, each enterprise pursues interest and profit in organizing financial activities. In fact, an enterprise can grow very faster, moreover efficiently than before, when an enterprise information management outcome has to be put in the right place whether it has already thought about something (Huang and Zhu, 2013). ERP can help an enterprise successfully complete its revolution of development as the most powerful weapon.
Systems requirements
What are some of the possible ERP features and functionalities that the company should consider to achieve their business objectives and minimize the control risks?
ERP system offer distinct benefits for the businesses in nowadays environment as well as indicate that managerial advantages are prominent where faster decision making is needed using accurate information. Organizational advantages from the ERP can also be divided into a five types, which may include managerial benefits, operational, strategic benefits, organizational benefits and IT infrastructure benefit (Kim and Park, 2016). The first ten benefits of ERP's Gracious Industries include improve management decisions making; better financial management; Better consumer retention and service; Ease of the expansion/ development and raise flexibility; faster, more correct transactions; Reducing headcount; Reduce cycle time; asset management/Improve inventory ; Less material resources/superior logistics; moreover revenue increased. When compare these findings, it’s simple for Gracious Industries to look at some of the similarities in ERP advantages, most significantly, the ability to make good decisions by obtaining good information about managerial benefits such as finance, inventory, operations and resources; Furthermore operational advantages, including decrease of process costs throughout the automation and cost reduction in inventory through process remodeling and warehouse rehabilitation and process changes (la, amy and nya, 2018However, ERP is essential for Gracious Industries to ensuring success, although there are all the benefits a business brings to its ability to align ERP functions. Management also needs to recognize its shortcomings and make drastic changes to organizations that need to be corrected. For Gracious Industries ERP means productivity, inventory and production comes to the mind. Few people ever consider finance or financial records. There is rarely a connection between the many benefits of the ERP system and the financial management of the company (Maas, van Fenema and Soeters, 2014). A comprehensive view of income, cost and profits among the advantages that ERP solution may offer. Just as ERP can help to get better departmental effectiveness and productivity, it also provides tools to get better and streamline a business’s finances for Gracious Industries including:
· Income statements;
· Reporting;
· Banking;
· Balance sheets;
· Financial accounting systems;
· Consolidation
By simplifying the financial records, statements as well as back-office economic management processes, industries can make sure maximum efficiency, accountability and productivity are achieved. The ERP system provides users with information about the current status of a company for example user sales, billing, and order management, budget and accounting reports and to make smart financial decisions for future planning. Gracious Industries can create comprehensive statements to understand better information utilizing ERP software (Ma’arif and Satar, 2018). If Gracious Industries use it present budget, ERP software can generate a report that can offers particular budget amount moreover expected budgets depends on the past trends, as well as establishes multiple budget alternatives based on particular "what-to-do" criteria combined with different reports. By combining multiple statements or reports, Gracious Industries obtain an accurate picture of their business financial position and income records are a complete record of business's income and costs over given time period.
Software selection...
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