(ERP) Enterprise Resource Planning Assignment

Added on - 21 Apr 2020

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Running Head: Enterprise Resource PlanningEnterprise ResourcePlanning
Enterprise Resource Planning1Enterprise Resource PlanningERP (Enterprise Resource Planning) is a process through which the company manages andintegrates the important parts of its business. In other words, it can be said that ERP helps thecompany to combine the business activities with the software (Leon, 2014). The ERP works as acentral nervous system of the business, ERP module consists of the planning, inventory,distribution, control, finance, HR, and accounting. Nowadays, some of the medium and largeorganizations use ERP so that they can fulfill their Information system requirements. Toimplement the ERP there is set format that is used by the organization. These implementations ofthe process lead to the success or the failure of the process (pitfalls of switching to ERP) (Beal,2017). The companies who are implementing the process they might find the advantages and thedisadvantages of the ERP system in their organization.The ERP software assembles the information about the business activity and various divisions ofthe business and then makes the information available to the other parts of the business where theinformation can be effectively used by the company. The ERP is not only used by the localcompanies but it is also used by the international companies because there are various benefits ofimplementing the ERP system in the companies (Ganore, 2013). These companies make use ofdifferent ERP software such as Orcale+NetSuite, Dynamics, SAP, SAP ERP and much othersoftware. Oracle+ NetSuite ERP provides the effective solution for the organizations. ThisOracle ERP is used by the company Oracle Company and the company acquires the NetSuiteofficially (Oracle+ NetSuite, 2017).The Microsoft Company is making use of the Dynamics ERP which helps the business to formthe decisions with the confidence. This ERP helps the Microsoft for the business processes; the
Enterprise Resource Planning2ERP product is ranging from Dynamics GP for SMBs to Dynamics 365. The SAP software isused by the business to manage the sales, Finance Accounting and the CRM. The SAP softwareof the ERP is used by the company UNEECOPS, this ERP helps the company to make the hugeprofit (Seethamraju, 2015). There is software SAP ERP which is designed for the middle and thelarge organization. The SAP ERP provides the support for the financial, human resources,operations and the corporate service. These are the some of the examples of the companies whoare making use of the ERP in the business. Small companies like IOCL, GACL, IPCL, Relianceand many other companies are using the ERP software in their business (Magal, & Word, 2013).The successful implementation of the ERP solution is must for the company to avoid the pitfalls.To implement the ERP in the business company follows different steps such as:-Identification of the problems- The ERP software provides the resolution to many issuesfaced by the company. The key performance indicators will help the company to analyzethe need for the ERP software in the company.Define scope/team- There are many objectives to bring the ERP, the cost of the ERP varyfrom the objective. According to the panorama study, 61.1% of the ERP implementationtakes longer than expected and approximately 74.1% of ERP project exceed budget.Depending on budget and core necessity, the demand for the ERP list is formed whichhelps the company in achieving a smooth and hurdle less ERP implementation(Schniederjans, & Yadav, 2013).Brainstorm/ Evaluate the options- Evaluation of the ERP options is very important for thecompany, the company will evaluate which ERP software is best for the companyconsidering the needs of the company. The needs include the current as well as the futureneeds of the company. The company needs to brainstorm the ERP vendors or the
Enterprise Resource Planning3consultants so that they can bring the best system in the company (Panayiotou, Gayialis,Evangelopoulos, & Katimertzoglou, 2015).Data migration- Once the company identifies the ERP that the company is going toimplement in the company. The next step for the company is identifying the importantdata which company is looking to transfer in the software. The company makes sure thatthey can retrieve the data whenever they need the data.Check infrastructure- After the brainstorming among the management and the vendor, therequisite infrastructure is installed. The infrastructure on which the company is going torun the software should have the scope of scalability and the options to update thesoftware.Customization- ERP software is going to be designed according to the needs of thecompany. Implementing the ERP solution in the company is a big investment whichinvolves the pooling of the resources (Nwankpa, & Roumani, 2014). The companycontinuously maintain the tabs on the ERP software.Change management- The ERP software can bring the changes in the working style andalso affects the operations of the company. Once the changes are accepted by theemployees in the organization, the employee's work will be easier because ERP canprovide the best result.Technology and knowledge transfer- The ERP implementation fail sometimes, thisoccurs because there is lack of customization for non-optimal software utilization. In theimplementation of the ERP software, there is a need for the training. The informationtechnology management of the company should ensure that the proper vendor detailing is
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