This report analyzes the current enterprise system of Top Gear Bikes Ltd, an Australian manufacturer of electric motorbikes. It identifies key business drivers and requirements for upgrading the ERP system, explores various ERP software solutions, and discusses the impact of digital disruption on ERP systems.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Enterprise system
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents EXECUTIVE SUMMARY.............................................................................................................3 INTRODUCTION...........................................................................................................................4 AUDIENCE.....................................................................................................................................4 PROJECT BACKGROUND...........................................................................................................5 ANALYSIS AND EVALUATION.................................................................................................5 Current Situation of Top Gare Bikes Ltd....................................................................................6 Selecting the process of Software...............................................................................................9 Discovering new solutions of ERP..........................................................................................10 Analysis of digital disruption which occurs through transformation of technology.................10 OVERALL SUMMARY...............................................................................................................10 RECOMMENDATIONS...............................................................................................................11 REFERENCES..............................................................................................................................14
EXECUTIVE SUMMARY Business enterprise is an comprehensive study which helps in performing various business operations. It is an tool in the form of a software which various organisational uses at the time of doing the business and its operations. The study will encourage various ERP techniques that help in understanding the functionalities of Software. The research promotes multiple softwares in order to perform efficient operation in the business. It have provided requirement and system drivers to improve the ERP system. The report help in generating new solutions to ERP. It will also help in understanding digital disruptions through digital transformations.
INTRODUCTION Enterprise system (ES) can be considered as large scale business applications software packages which ensures the smooth flow of business process and data information. This software allows enterprise resource planning (ERP) system and it also helps in management of customer relationship and data analytic for complex organizations. The report will be based on the enterprise system of Top gear bikes Ltd (TGB) company whose headquarters are located in Brisbane. This organisation is an Australian manufacturer which deals with the production of electronic motorbikes. This study will provide an analysis of the TGB's current situations which will describe business requirements and linking requirements that are needed to empower the ERP system of company. This research will also help in understanding software selection process of TGB. This Document will also provide some sources which helps in finding new solution in order to make effective ERP system of firm. This document will also help in identifying digital disruption of the company. SCOPE ERPsystemMainlyhelpsinfunctioningthebusinessprocessesUsingtoolsand techniques provided by ERP system software. It helps in managing the major parts of business in TGB such as finance, HR management, Payroll system, and also help in projection of goods and services. This software has a wider scope in future as it controls and manages multiple activities of the firm (Khaleel and et.al., 2016). The project mainly focused towards the effective ERP system that helps in keeping the efficient and effective information of the operational activities which takes place in the enterprise. Scope, time and costare referred as three main constraints of any project that often considered as the major components that leads to successful development and growth of the company in the future. All these components are promoted during the invention of strong an effective enterprise system. The development of Enterprise resource planning software would be beneficial as it saves the time and energy of the managers in controlling the complex procedure. Usually implementation of this software also eliminates Charted accountants and other consultation professionals in the firm which can be considerably minimizes the expanses of the firm. AUDIENCE Being a business system requirement analyst it has been found that this company is using the older version of enterprise system which contains limited tools in processing the overall
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
information of the business (Asgar and King, 2016). This report will be basically provided to the board of directors in TGB organisation. All the system requirement list will be passed to higher authority management in order to identify the main requirements of enterprise system. This list will be helpful for managers of the the company in taking the appropriate decision in order to improvise the ERP software with its latest version. It all helps directors in Top Gear Bikes Ltd to estimate appropriate cost needed in adding more functionalities in ERP system.ERP requirement list will also help company in achieving the main goal of the organization which is standardizing the operation and proper management of sales and inventory. PROJECT BACKGROUND Enterprise resource planning is a business process management software which allows Top Gear Bikes Ltd to use system that provides the multiple functionalities to manage the business process (.Daneva and et.al, 2014). It can be referred as a system of integrated applications that automates all the functions which belongs to HR, finance, operations with the optimum use of technology. Being aBusiness system requirement analyst of the company, it was found that there is an immediate need to upgrade various features and tools of the ERP system. This project of adding advanced feature in ERP system will be helpful in aiding the powerful features to the system. These features allow management of the company to smoothly function various activities of the organisation such as finance, HR management, sales etc and it also helps in maintaining the huge database related to product size, cost and standardized manufacturing. These all system requirement helps to overcome the situations which TGB is recently facing. With the rapid increase in the complex activities of business, ERP software need to be upgraded in order to provide efficient information in this highly competitive of reduced cost and better logistics concepts. Also it was analyzed that current enterprise system fails to meet the standardization which is very essential component of the company as it helps in analyzing the cost and profitability of the firm. After the complete analysis and research of the company's software requirement it was observed that TGB is lacking in processing the sales and financial management. Implementation of upgraded features in ERP includes the integrated module need to be developed for all the business operations and which helps in effectively managing the sales, customer relationship, financial management, inventory management etc.
ANALYSIS AND EVALUATION Current Situation of Top Gare Bikes Ltd TGB is recently facing a challenge of standard business operations which restricts the organisation in future growth and development.As current IT system of the company is facing the major problem which is lack of flexible and scalable support to the system (Ptak and Schragenheim, 2016). In addition to it, Organisation is also facing the situation in which standard data is not provided and which is responsible for wrong cost and profitability estimation of the product. As TGB is the fastest growing company and managements is also planning to develop the smart electric bikes. So for this purpose company is in a much demand in order to improve the Functionalities of this ERP system.In order to add customer satisfaction value for the product, Management of TGBalso need to upgrade the system which help in maintaining the stock and delivering the product on time, correct place and at appropriate prices. So to overcome such problems Business system requirement analyst have created a list of requirements and drivers which supports the growth and standard business operations of TGB. List of business drivers and requirements that helps TGB to upgrade enterprise system of the organisation In order to make Scalable and flexible System company needs application which helps in improving performance and proper data management of the company. TGB products basically deals with the technological aspects so Board of Directors need product make standard production in order to manufacture smart electrical motor bikes. So for this purpose analyst have to design one more application which facilitates the use of advanced technology towards the successful implementation of new production (Kapp, Latham and Ford-Latham, 2016). A proper network needs to established which help in facilitating the customers with specialised mobile devices that ensures the direct influence of products manufactured by TGB. There is a need to develop a system which aids standard features that help in maintaining the huge database about products. Main requirement of the current enterprise system involves customer satisfaction which increase the sales of TGB products and implementation of this feature in the system will help in achieving the overall objective in the enterprise. Application need to be developed
which helps in taking the proper feedbacks from the customers about the demand and quality of manufactured goods and services.Enhancementofsuchrequiredfunctionsincompanywillhelpinachievingthe sustaining the growth and development of this industry (Panayiotou and et.al., 2015). Linking requirements to ERP functionalities It help in identifying the solution of the requirements which needs improvement in order to develop an effective enterprise resource planning software for managing and controlling the operationalactivitiesofbusiness.Suchfunctionsofthesystemswhichaddressallthe requirements and current challenges of the company are as follows: List of requirements or driver processERP functionalitiesJustification Standardisationof products Thisisrequiredto facilitatestandard operationsthatenables the development of new productwhichisthe inventionofsmart electricbikesfor country. An application need to be added to the system that help in projecting thedesign,sizeand correct implementation of the manufactured items. Applicationofthis feature enable managers oftheTGBin estimatingthevisual structure and design of the product and it also helpincomparingthe requirementswiththe adopted strategy Customer satisfaction It is generally required inordertosatisfythe marketingdemandsof the product and timely deliveryofthegoods and services that satisfy the needs of consumers. Apowerful applicationnamed customerservices need to be established in order to satisfy the demands of customer and also adding chat featurewouldenable inresolvingthe It helps in maintaining the healthy relationship with customer and this willberesultedin maximisedsaleofthe companyinorderto sustaingrowthand development of the firm.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
complaintsregarding theproduct (Parthasarathyand Daneva, 2016). Sales managementsAdriverneedtobe introduced for managing the inventory and sales of TGB. This function willhelpinproper managementof manufactured goods. ERPsystemneedto be upgraded with the advanced functionalitiesto maintain which help in estimatingthe appropriate profitabilityof enterprise. Effective implications of Advanced ERP software will be responsible for theefficientoperations andconsumptionof goods and services. Finance management It is an advanced feature whichisneededto estimateprofitsand loses of the firm within a specific time duration. Thisapplicationis needed to produce the finalstatementthat would help Board of directors in setting the budgetsand appropriatemonetary figure of enterprise. ERPsoftwarewith appropriatefinancial information will help in figuringouttheexact turnoverofthe companywithina specific time duration. Mobilityof managers,staff, clientsand competitors This can be considered as the strongest feature which helps in effective communicationof differentdepartment witheachother. generallyEffective communication helps in developingthehealthy Chator telecommunication functionalityof differentdepartment need to be added so thatproperworking statusis communicated to all Suchfunctionsinthe softwareenhancethe effectiveproductionof the company.
businessenvironment thatleadstothe achievementof objective. Selecting the process of Software It can be considered as most important aspect that enables the analyst in selecting the ultimate software which help in implementation of such strategies in the TGB. Various things are considered at the time of selecting the software in order to process the operations of the company. Brief overview about the solutions which are identified for the implementation of new feature in the enterprise are described below: SAP Business Suite 4 SAP HANA (a.k.a SAPS/4 HANA) It is an ERP software which provided by the SAP company from Germany. It is generally utilised in the large or medium sized companies where complex operational functionalities are there. Managers of Top Gare Bikes Ltd organisation have identified that SAP is an effective Software that includes various integrated application that performs wide variety of functions and result in achievement of the overall business objective (Ali, Nasr and Gheith, 2016). In this systemseparatemodulesaredesignedtoperformdifferentfunctionalitiesofmultiple departments in order to perform efficient and effective operations. SAP ECC6 It is most recent version which provides the improved features that is considerably better solution for TGB Ltd enterprise. This enables end to end software support for business in order to achieve all the required drivers of the enterprise. Such operations are Finance, sales, manufacturing, HR, sale, project management and customer relationship. It ensures all the functioning of the system by an individual module. Sage X3 This allows provides operational functionalities of all multiple departments of the business and it is very easy to use. It can be considered as a ideal software for mid sized companies. But for performing huge complexed operations of TGB this software sometimes fails and this is not a suitable system for the firm. CloudAccelerator
This is an oracle generated softwarewhich supports huge amount of database of processed in TGP. This is an global initiative which is used to develop an ecosystem that fosters various entrepreneurial activities. It is a major innovation which enhance the strong partnership between collaboration and cloud based storage. Discovering new solutions of ERP The company had identified various new ways to address the ERP requirement which help to overcome the challenges which effects company's future growth. Manager of TGB have recently visited an international conference and discoveredthat Arbia, concur technologies and Callidus Cloud companies are using various advanced ERP methods. So for this purpose managerhaveaskedSystemrequirementanalystinordertofindnewERPsoftware implementation that all the other two companies are using. This will help TGB in addressing the future threats business using improved features of the latest enterprise Resource planning software. Some more latest and effective ERP software which are usable both the companies are: Microsoft Dynamic ERP: thisisan Microsoft generated softwarewhich helpsin resolving the emerging situations of TGB. Net Suite one world: it the an another effective system which enables the managers of TGP to manage the business operations properly (top 15 benefits of implementing erp software,2018)). Analysis of digital disruption which occurs through transformation of technology It is a wide concept which includes various digital transformations which includes the upgraded features of new technology. Digital transformation requires an adoptable platform which completely transforms the functions of ERP software that referred as modern- ERP. This allows digital disruption which through its ability, mobility, customisation, real-time visibility etc. it can be possible by advancing the database storage by utilising the multi-cloud concept in order to add functionalities to the existing ERP software. It generally helps to empower the innovation in the form of digital disruption (ERP Functions List and Characteristic,2018). OVERALL SUMMARY This study had overall established various ways which help in understanding Enterprise resource planning of Top Gare Bikes Ltd. It had been concluded functioning of ERP may impact negatively on the operations of business. The research had also explained the list of business drivers which are required to upgrade the software in the TGP company. It was also discussed
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
thatseveralsolutionsofselectingtheappropriatesoftwarealsoleadstotheeffective management of business functions. This research had also helped in investigating new solutions that help in understanding the different latest versions of ERP's. This study had also covered the main points which leads to digital disruptions after digital tranformation. RECOMMENDATIONS There are following recommendation included which helps in impro0ving the operational activities of the firm, such are as follows: Managers of TGP have to adopt the latest technology software in order to perform efficient operations of the firm. Board of Directors should consider various innovative programs using the latest ERP software. Managers should also update the system of the business according to the advancement of technology that will help in efficient operations and result in increased productivity.
REFERENCES Khaleel, Y. and et.al., 2016. Components and Analysis Method of Enterprise Resource Planning (ERP) Requirements in Small and Medium Enterprises (SMEs).International Journal of Electrical and Computer Engineering (IJECE).6(2). pp.682-689. Asgar,T.S.andKing,T.M.,2016.FormalizingrequirementsinERPsoftware implementations.Lecture Notes on Software Engineering.4(1). p.34. Daneva,M.,2014, October. Understanding functional reuseofERPrequirementsinthe telecommunicationsector:anempiricalstudy.InSoftwareMeasurementandthe InternationalConferenceonSoftwareProcessandProductMeasurement(IWSM- MENSURA), 2014 Joint Conference of the International Workshop on(pp. 216-221). IEEE. Ptak, C.A. and Schragenheim, E., 2016.ERP: tools, techniques, and applications for integrating the supply chain. Crc Press. Kapp, K.M., Latham, W.F. and Ford-Latham, H., 2016.Integrated learning for ERP success: A learning requirements planning approach. CRC press. Panayiotou, N.A., Gayialis, S.P., Evangelopoulos, N.P. and Katimertzoglou, P.K., 2015. A businessprocessmodeling-enabledrequirementsengineeringframeworkforERP implementation.Business Process Management Journal.21(3) pp.628-664. Parthasarathy, S. and Daneva, M., 2016. An approach to estimation of degree of customization for ERP projects using prioritized requirements.Journal of systems and software.117. pp.471-487. Ali, M., Nasr, E.S. and Gheith, M.H., 2016, May. A requirements elicitation approach for cloud based software product line ERPs. InProceedings of the 2nd Africa and Middle East Conference on Software Engineering(pp. 34-39). ACM. Online ERPFunctionsListandCharacteristic.2018.[online].Available through:<https://selecthub.com/enterprise-resource-planning/key-erp-functional- requirements/> top15benefitsofimplementingerpsoftware.2018.[online].Available through:<https://www.workwisellc.com/erp-software/15-benefits-implementing-erp-software/> 12
13
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.