Introduction to Enterprise System for Management

This article provides an introduction to Enterprise System for Management, including Enterprise Resource Planning Systems, Enterprise Planning Systems, and Customer Relationship Management Software. It evaluates the advantages and disadvantages of using Enterprise Systems, and provides a functional and technical evaluation of ERP. The article also discusses the importance of Enterprise Systems for management, including securing data, automating business functions, and improving service quality.

ENTERPRISE
SYSTEM
TABLE OF CONTENT

S
INTRODUCTION TO ENTERPRISE SYSTEM FOR MANAGEMENT...............................3
Introduction................................................................................................................................3
Enterprise resource planning systems....................................................................................3
Enterprise planning systems...................................................................................................3
Customer relationship management software........................................................................3
Evaluation..................................................................................................................................4
Advantages of Enterprise system...........................................................................................4
Disadvantages.........................................................................................................................4
Functional and technical evaluation of ERP..............................................................................4
Functional...............................................................................................................................4
Technical................................................................................................................................4
Competitor’s choice of ERP and vendor................................................................................4
Importance of Enterprise system for management.....................................................................4
REFERENCES...........................................................................................................................5

INTRODUCTION TO ENTERPRISE SYSTEM FOR MANAGEMENT
INTRODUCTION
It is a bundle of technology wrapped in the form of software packages to improve the
business functions by strengthening the overall information flow. It is essential to use various
enterprise systems by an entity to improve the reporting channels in which higher authority
will keep track on the activities of their subordinates. It can say that is this system crafted by
the needs of the business which is flexible immature which gets fluctuates with the passage of
time. Confidentiality of the available information in a business is important to get the
sustainable competitive advantage over its competitors. At the same time, leaking of this
business information would affect the overall interest of an entity.
Enterprise resource planning systems
As the names suggest resource planning, the current software helps an entity in
managing the overall inventory held by an entity to increase the overall returns of the firm.
This package is a mixture of both software and technology that helps in meeting the business
needs of the firm by offering real-time benefit to both the internal as well as external users. It
is integrated software package which targets both monetary and qualitative aspects of a
business. Tally ERP 9.0 and 7.2 is ERP software to book all the business transactions in the
software to generate financial reports. This software helps in managing current inventory in
the business to maximise the current production.
Enterprise planning systems
The focus of an entity is to evaluate the internal and external factors of the business to
focus on the strengths of the business by eliminating all its weaknesses to stay ahead in the
terms of the competition in a market. PESTLE analysis conduct by the firm to know the view
of the external industry as this acronym stands for political, economic, social, technological,
legal and environmental factors in the external business environment. Project management is
software utilises by an entity in managing a particular project by achieving all the aims and
targets.
Customer relationship management software
Customers are the king of the market as every seller tries to satisfy the needs and
expectations of all the buyers to ensure their survival for a longer span of time as compared to
their competitors. Customer relationship software is a weapon that helps an individual in
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knowing the views and options of all the consumers who uses the products of an entity. The
business works on the demands of their customers by making changes in the products.
EVALUATION
Advantages of Enterprise system
 It helps in enhancing productivity of the business along with their employees by
accomplishing all the targets on time.
 Business security gets increases by implementing this software as this software
bounds an organization to follow regulatory guidelines.
Disadvantages
 Expensive software’s
 Requires time in testing the software
 ERP is not customizable
FUNCTIONAL AND TECHNICAL EVALUATION OF ERP
Functional
 ERP software utilises for various functions of an entity such as accounting,
distribution, manufacturing, HRIS, inventory management, procurement of goods and
customer relationship management.
 It is integrated with other software such as production equipment, product scanning.
Technical
 Selecting the best vendors on the basis of good features offer by them
 User friendliness of the same is to be check by an individual before selecting
appropriate software.
Competitor’s choice of ERP and vendor
 Systems application program (SAP)
 Oracle
IMPORTANCE OF ENTERPRISE SYSTEM FOR MANAGEMENT
 Secures large number of data with protection
 Automate business functions
 Improve quality of the service
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REFERENCES
Ali, M. and Miller, L., 2017. ERP System Implementation in Large Enterprises-A Systematic
Literature Review. Journal of Enterprise Information Management. 30(4
Garg, P., Garg, P., Khurana, R. and Khurana, R., 2017. Applying structural equation model to
study the critical risks in ERP implementation in Indian retail. Benchmarking: An
International Journal. 24(1). pp.143-162.
Jinno, H., Abe, H. and Iizuka, K., 2017. Consideration of ERP Effectiveness: From the
Perspective of ERP Implementation Policy and Operational Effectiveness. Information.
8(1). p.14.
Sadigh, B.L. and et.al., 2017. An ontology-based multi-agent virtual enterprise system
(OMAVE): part 2: partner selection. International Journal of Computer Integrated
Manufacturing, pp.1-21.
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