Answer To: 1 Unit BISY2005/ISY2005/ISY205 Enterprise Systems Assessment Type Essay Assessment Number One...
Kuldeep answered on Sep 06 2021
ERP
ERP
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Contents
Introduction 3
Case studies 3
Scope of common enterprise systems 4
Challenges associated with implementing enterprise systems and their impact on business 5
Enterprise system development life cycle, from selection, acquisition, implementation, and maintenance 6
Explanation 7
Factors that contribute to an organisation’s readiness to implement enterprise systems and how obstacles might be overcome 10
Conclusion 12
References 13
Introduction
Enterprise Resource Planning (ERP) is an integrated software application system that can simplify, standardize or integrate business processes across human resources, finance, distribution, purchasing and other departments. Commonly, ERP systems use general data definitions that run on a one database to run on integrated software platforms. The bank has a background settlement process to reconcile checks, debit cards, credit cards, or other tools. The important thing about the enterprise resource planning system is a very important investment. It has the company's high competitiveness and performance. This provides a framework for choosing the right ERP system. This important framework should be systematically constructed ERP selection goals to support business objectives and all strategies of the enterprise. It helps to determine appropriate attributes as well as consistent evaluation criteria to reduce the burden on the team’s decision-making process. This project will describe the ERP in the association later.
Case studies
Nowadays, chain management has finally become a core competency, in which ERP systems are considered an indispensable part of SCM. Nevertheless, setting up an ERP system is very risky and expensive. Global competition means that all organizations that want to survive should establish a responsive supply chain with all upstream, downstream, and midstream partners. It is said SCM is a network of independent or semi-independent business entities liable for purchasing, manufacturing and distribution activities related to one or more related product lines (Costello, 2017). Considering that companies related to SCM are more likely to enhance their control over their suppliers, and thus gain power from information to enhance their SCM capabilities. Therefore, most companies today have begun to implement an ERP system, which is mainly used to optimize and integrate several business processes throughout the business, for example order entry or production planning (Wailgum and Perkins, 2017). This basic investment makes it possible to share a huge amount of data with the supply chain, and ultimately enables real-time collaboration among the supply chain partners, thereby making the organization forward-looking, thereby improving inventory management or distribution. ERP enable the processing and transmission of information needed for synchronous decision making, which can be regarded as the driving force of SCM capabilities (Davies, 2017). They can also automate and standardize manufacturing and support processes, and unify the procurement of various business units in the organization. The ERP system can provide a standardized HR platform for time reporting, cost tracking, training, skill matching, etc., and greatly enhance the organization's capability to submit essential reports for government rules throughout the financial, human resources and supply chain (Wailgum and Perkins, 2017). A properly functioning ERP system can reduce the time needed to finish almost each business process. The standardization and simplification provided by the ERP system leads to less rigid structures, thus creating an agile enterprise that can quickly adapt and increase collaboration potential. Although the centralized database of the ERP system is a bigger goal, it is simplify to protect than the data scattered in hundreds of systems.
Scope of common enterprise systems
The scale, function and scope of the ERP systems vary greatly. Nevertheless, most of the ERP software has the following characteristics:
1. Enterprise-wide integration: Business processes are integrated end-to-end across business units and departments (Donohoe, 2019). Such as, a new order will automatically initiate credit check, query goods availability moreover update the distribution plan. After the order is shipped, an invoice will be sent.
2. Real-time operation: Since the process in the above example takes place in some seconds after receiving the order, the issue can be found quickly, allowing the seller time to correct the condition.
3. Common database: The common database allows enterprises in each department to use the same definition to define data at once. Some ERP systems split physical database to get better performance.
Challenges associated with implementing enterprise systems and their impact on business
Many factors can cause ERP integration to fail. These may include lack of support, inability to test before launches, as well as unsuccesful technology use (L. Cox, 2020). Let's take a look at some examples of ERP case studies. In these cases, the company tried to use the latest and most powerful ERP technology, but unfortunately, these cases failed completely or failed to obtain a return on investment. One of the failures of all ERP case studies is that they all have some degree of complexity or incompatibility with the introduced system. This is a good example of how to thoroughly study the workflow and any obstacles in the current process when considering ERP software. Eric Kimberling said something about the new technology and a few pitfalls of ERP: The probable pitfall is that technology is not as tested and mature as other ERP functions, and the organization does not know how to integrate automation into in their system Operation (Seo, 2020). It is very beneficial to have a strong team of IT and full-time support from suppliers or consultants during the process of implementation. Since the process of integrating and learning new technologies involves a lot of moving work, you should get all possible help. A clear...