This report depicts the importance and essential necessity of implementing cloud based ERP solution in any business organization. The cloud based ERP solution has come across a long direction not only in terms of increasing business effectiveness and commercial growth but also focusing on multiple business activities.
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Running head: CLOUD BASED ERP SOLUTION Management: Cloud based ERP solution Name of the student: Name of the University:
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1CLOUD BASED ERP SOLUTION 1. Introduction This report depicts the importance and essential necessity of implementing cloud based ERP solution in any business organization. The cloud based ERP solution has come across a long direction not only in terms of increasing business effectiveness and commercial growth but also focusing on multiple business activities (Demi and Haddara 2018). The major sub types of the innovation are elaborated in this report. Apart from that, the paper also demonstrates important milestones associated to the cloud based ERP solution implementation plan. The executives and project heads of all organizations are required to follow professional project management tools and practices before implementing the cloud based ERP solution. In order to gain long term and continuous business success innovation of ERP solution is very helpful. The organizational business process will be accelerated through the implementation of the cloud based ERP solution. It will provide a competitive edge to the business organizations. A timetable and a cost chart for the innovation project are also illustrated in this report. 1.1 Major sub types of the innovation Different types of ERP solution are available in the market and based on organizational operation features and activities the suitable ERP solution needs to be chosen for the business organization. The types of ERP solutions those are mainly implemented in the business organizations are elaborated in the below section: Generalist ERP Open source ERP Vertical ERP
2CLOUD BASED ERP SOLUTION Small business ERP 1.2 Important milestones of the innovation MilestoneDurationResponsible person Project initiation phase12 daysProjectmanager,financemanager,operational manager and Project planning phase20 daysOperation manager, system developer, designer, Project execution phase25 daysSystemdesigner,developer,projectmanager, business analyst Projectmonitoringand control phase 12 daysChief Information Security Manager, system tester and project manager Project closure phase10 daysProject manager 1.3 Affect of the innovation in organizations Organizationalinnovation,itsrelationshipandpersistencealongwithinnovative technologiesinfluencetheperformanceofthebusinessorganization.Utilizingintegrated organizational level data set innovation can be obtained precisely (Fowleyet al.2017). The Enterprise Resource Planning (ERP) serves different services in terms of customer web portal, distribution,timeandproject,finance,manufacturing,purchasing,customerrelationship management and sales. The ERP system helps to improve the relationship between consumers and service providers. The despondent consumers would swing in competition to help while voicing the disappointment via different portal of social media (Meganathan and Jeyanthi 2016). The ERP system offers high usefulness so that the key procedures can deliver high commercial
3CLOUD BASED ERP SOLUTION success. The companies which provides innovative services are capable to offer up to date demand forecasts to improve the announce capacities during expansion of the benefits and making extra value of clients. The cloud based ERP solution gives data backup abilities that means that if data is found to be lost from the server can be retrieved easily (Mezghani 2019). On theotherhand,theoverallbusinessandapplicationefficiencygetsimprovedwiththis innovation. Apart from this, disaster recovery is the other profit that can be achieved with the application of a cloud based ERP solution. The ERP solution use business data for improving and strengthening the business security (Jain and Sharma 2016). It helps to make use of community knowledge so that the company can stay on the top of the regulation. These approaches give the employees much power to increase power so that revenue can be generated. The business organizations that use ERP solution would be able to take better beneficial decision. The style of security sense gets improved with regulatory compliance and general accepted accounting principles.Moreover, it can be said that the challenges of ales, consumer acquisition, revenue, manufacturing outputs and web traffic will be completely minimized. Though, incorporation of real time KPI is the other needful approach that helps to improve the organizational 1.3.1Example Most of the large business organizations use cloud based ERP solution in these days to improve the business effectiveness and competitive growth. Amazon web service: The Company Amazon is a cloud vendor and also uses cloud basedERPsolutionintheirbusinesstoincreasethesalesandrevenuerate.Withthe implementationofERPsolutionithassuccessfullyimprovedtheirbusinessefficiency
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4CLOUD BASED ERP SOLUTION (Deshmukh, Thampi and Kalamkar 2015). In fact the relationship between the consumers and services providers has also been improved a lot with such design and development innovation. IBM: IBM is the other MNC that uses cloud based ERP solution in their organization to retain reliability, flexibility, security. They have been successfully able to store huge set of information with high security. It implies that none of the users would be able to access information from the server without proper permission. This is one of the most cost effective solutions identified and used these days (Meganathan and Jeyanthi 2016). Management of the information set will also become easier and time savings. The business operation and functional management would also implement in a flawless manner. Complete customization will also improve the reporting and planning approach. The system will offer collaboration and workflow approach.ThebusinessorganizationsthatuseERPsolutiondevelopsthesupplychain management to facilitate the regulatory compliance. 2.Recommendationsonfuturedevelopmentoftheinnovationfor organization Forfuturedevelopmentandinnovativesuccesssomerecommendationsarealso elaborated: Incorporatingtraininganddevelopmentprogram:Thecompanyownershould incorporate timely training and development program for the working employees. It will help them to become technically knowledgeable and skilled as well. On the other hand, disruptive, application, product, marketing, integration and value engineering are the innovation types regarding which the business organizations will be able to gain more knowledge.
5CLOUD BASED ERP SOLUTION Encryption mechanism: In order to secure the information stored in the server proper encryption mechanism should be incorporated (Nguyen and Luc 2018). It is expected that, encryption mechanism will secure the information and none of the unwanted user would be able to access any information without permission. The encrypted data cannot be decrypted without proper access and presence of shared key. Documentation of the requirements: At the project initiation phase, the project scope shouldbe designedand developed.The sharedprojectscope needsto befollowed and maintained by all the business associates. These requirements should be documented in a preliminary draft and must be approved by the project manager (Venkatraman and Fahd 2016). The objectives that the head of the business organization requires to achieve must setup baseline at the initiation phase. Strong project management prcatices, resource management plan and stakeholder management plan needs to be incorporated by the business organization. 2.1 Timetable The timetable that needs to be followed by the business associates and organizational head while implementing innovation and cloud based ERP solution the timetable requires to be followed is as follows: 2.2 Costs/charts Task NameDurationStartFinishResource NamesCost Developing project schedule79 daysTue 3/26/19 Fri 7/12/19$16,880.00 Project initiation phase12 daysTue 3/26/19 Wed 4/10/19$2,560.00 Scope statement design4 daysTue 3/26/19 Fri 3/29/19Project manager$960.00 Feasibility study4 daysMon 4/1/19 Thu 4/4/19finance manager$704.00
6CLOUD BASED ERP SOLUTION Detail innovation plan4 daysFri 4/5/19Wed 4/10/19operation manager$896.00 Project planning phase20 daysThu 4/11/19 Wed 5/8/19$4,200.00 Outlining the ERP system prototype10 daysThu 4/11/19 Wed 4/24/19operation manager$2,240.00 Selection of vendor5 daysThu 4/25/19 Wed 5/1/19system developer$760.00 Incorporating cloud features to the ERP solution5 daysThu 5/2/19 Wed 5/8/19Project manager$1,200.00 Project execution phase13 daysThu 5/9/19 Mon 5/27/19$3,848.00 Defining the driving expenses5 daysThu 5/9/19 Wed 5/15/19 Chief Information Security Manager$1,000.00 Identifying the value conveyed7 daysThu 5/16/19 Fri 5/24/19operation manager$1,568.00 Access undertaking, services and contracts8 daysThu 5/16/19 Mon 5/27/19system designer$1,280.00 Project Testing25 daysMon 5/27/19 Fri 6/28/19$4,080.00 Unit testing10 daysMon 5/27/19Fri 6/7/19system tester$1,440.00 integrated testing5 daysMon 6/10/19 Fri 6/14/19Project manager$1,200.00 Acceptance testing10 daysMon 6/17/19 Fri 6/28/19system tester$1,440.00 Project closure phase10 daysMon 7/1/19 Fri 7/12/19$2,192.00 Stakeholder signoff3 daysMon 7/1/19 Wed 7/3/19Project manager$720.00 Submission of final project draft4 daysThu 7/4/19 Tue 7/9/19 Chief Information Security Manager$800.00 Final design documentation3 daysWed 7/10/19 Fri 7/12/19operation manager$672.00 2.3 Conclusion From the overall discussion it can be concluded that, innovation is referred to as a key for commercial growth. As fast as the organizations will include new technical services that sooner the company would be able to reach their preliminarily decided goals and objectives. This is the
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7CLOUD BASED ERP SOLUTION reason for which cloud has become one of the most preferred ERP solutions. Cloud based ERP offers scalabilities, flexibilities, reliabilities to the innovations. The other features those are offered by cloud based ERP solution include application resilience, disaster recovery and data backup. The data server needs to store all needful information and should also secure those with needful security mechanisms in terms of cryptography, application firewall and DMZ. Moreover, it has been determined that managing innovations are mandatory to gain commercial success and competitive advantages in the marketplace.
8CLOUD BASED ERP SOLUTION References AlBar, A.M. and Hoque, M.R., 2015, April. Determinants of cloud ERP adoption in Saudi Arabia: an empirical study. In2015 International Conference on Cloud Computing (ICCC)(pp. 1-4). IEEE. Demi,S.andHaddara,M.,2018.DoCloudERPSystemsRetire?AnERPLifecycle Perspective.Procedia computer science,138, pp.587-594. Deshmukh, P.D., Thampi, G.T. and Kalamkar, V.R., 2015. Investigation of quality benefits of ERP implementation in Indian SMEs.Procedia Computer Science,49, pp.220-228. Fowley, F., Elango, D.M., Magar, H. and Pahl, C., 2017. The Role of Experimental Exploration in Cloud Migration for SMEs. InCLOSER(pp. 301-306). Gupta, S., Misra, S.C., Singh, A., Kumar, V. and Kumar, U., 2017. Identification of challenges and their ranking in the implementation of cloud ERP: A comparative study for SMEs and large organizations.International Journal of Quality & Reliability Management,34(7), pp.1056-1072. Haddara, M., Fagerstrøm, A. and Mæland, B., 2015. Cloud ERP Systems: Anatomy of Adoption Factors & Attitudes.J. Enterp. Resour. Plan. Stud,2015, p.22. Jain, D. and Sharma, Y., 2016. Cloud computing with ERP-A push business towards higher efficiency.Annaul Research Journal of SCMS Pune,4. Meganathan, R. and Jeyanthi, P., 2016. Adopting Cloud ERP in Small and Medium Enterprises: Benefits and Challenges.International Journal on Recent and Innovation Trends in Computing and Communication,4(11), pp.180-183.
9CLOUD BASED ERP SOLUTION Mezghani, K., 2019. From On-Premise ERP to Cloud ERP. InAdvanced Methodologies and Technologies in Business Operations and Management(pp. 816-826). IGI Global. Nguyen,T.D.andLuc,K.V.,2018,November.InformationSystemsSuccess:Empirical Evidence on Cloud-based ERP. InInternational Conference on Future Data and Security Engineering(pp. 471-485). Springer, Cham. Sørheller, V.U., Høvik, E.J., Hustad, E. and Vassilakopoulou, P., 2018. Implementing cloud ERP solutions: a review of sociotechnical concerns.Procedia computer science,138, pp.470-477. Venkatraman, S. and Fahd, K., 2016. Challenges and success factors of ERP systems in Australian SMEs.Systems,4(2), p.20.
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10CLOUD BASED ERP SOLUTION Transcript Enterprise Resource Planning software is combined of strategic as well as powerful business process management tools those can be used for managing information inside the business organization. With changing time period the numbers of information and clients and all growing rapidly. In order to manage those information efficiently and professionally currently most of the medium and large business organizations are focusing on implementing cloud based ERP management system to deliver SCM and CRM functionalities to their employees, It will also provide high level security to their consumer’s personnel and financial information. Each organization today is operating in different ways and as a result these are facing major challenges as well. In today’s business environment the level of competition are increasing day by day and in order to compete rest of the similar industries these are focusing on cloud based ERP implementation. The ERP system can integrate all facets of the enterprises into a comprehensive ERP system can be accessed by every individual throughout entire business organization. The business owners and leaders have responsibility to streamline and automate the business process and ERP assists the organizations to meet the expectations. The employees and organizations would become much successful and productive if they implement the cloud based ERP solution in their business organization. Though, certain major challenges are associated to these systems that are required to be mitigated with respective risk response strategies. The users should provide in depth overview on the topic regarding ERP. In order to succeed in today’s enhancing competitiveness as well as complex business environment the users should put system in accurate place. It will help the users to automate, streamline and scale up the business process towards implementation of the ERPS system. The ERP system which is installed locally on the
11CLOUD BASED ERP SOLUTION hardware, server are all managed by the IT staffs. In order to manage proper interaction with consumers and employees the ERP solution is very crucial. A cloud based ERP system can help the users to collect as well as store data in the centralized server. It helps to keep all data highly secured and protectedfrom theexternalunwantedattackers.Globalregulatorylawsand guidelines are needed to operate in the ERP compliance. In order to protect all information set the ERP also offers real time data access and business visibilities. The evaluation, selection and organizational decision are the other phases associated to ERP solution. It helps to make appropriate assessment considering the criteria and schedule consultations. The companies would be able to possess high Return on Investment (ROI) and measurable commercial revenue with the implementation of an ERP management system. All the Key Performance Indicator (KPI) can measure process details associated to the business organization.