ERP for Budget Car: Components, Benefits, and Application

This presentation discusses ERP software and its application for budget car production. It covers the components of ERP software, benefits of each component, and how ERP differs from traditional java-based applications. It also highlights the special features of ERP and its ability to help with effective budgeting, cost control, logistics, resource management, and customer relationship management. The presentation concludes by emphasizing the worth of investing in ERP for organizations looking for growth and profits that are legal, ethical, and persistent.

ERP For Budget Car

What the presentation will
include
 introduction to the topic
 components of ERP software
 benefits of the ERP software
 application for budget cars
 differences to traditional java based
applications
 conclusion

ERP and what it means ?
an all in one application for integrating
all the enterprise function in a single
place for controlling all aspect of
enterprise planning (Aloini Iet al. 2015)

components of ERP
software
 cost inventory software
 software for budgeting
 software for logistics
 software for data analytics
 software for human resource
management
 software for team collaboration and
 software for customer relationship
management

Benefits of cost inventory
software
 identify areas where cost can be
reduced
 overall quality of the production in
budget (Huang and Handfield 2015)
 Automatic budget and cost analysis

Benefits of software for
budgeting
 Effective preparation of budget with
reference to investment and the
desired ROI (Kumar 2018)

Benefits of software for
logistics
 track each of the process in logistics
 Tracking of shipment of parts from
warehouse to production (Seethamraju
2015)
 Tracking of shipment of parts from
production plants to showroom
 smart and accurate tracking for lesser
delay in production

Benefits of data analytics
software
 preparation of various reports
including income reports, expense
statements, and key performance
indicators (Nowak and Kurbel 2016)
 Report of inventory status updates
 Automation for each report preparation

Benefits of human resource
software
 proper analysis of performance of the
employees (Jain and Sharma 2016)
 Performance analysis of employees based
on data such as attendance, fulfillment of
target
 Data driven analysis for better transparency
and effective resource management
 Better resource management for effective
cost planning (Sudhaman and Thangavel
2015)

Benefits of team
collaboration software
 share information across the teams in
faster, efficient and organized way
(Rosemann and Wiese 2015)
 integration of cloud platform to access
the information from anywhere
anytime
 Better team collaboration for better
productivity

Benefits of CRM software
 serve customer based on data
including preference to certain
products, habit of purchase, and
preference for budget
 Automatic generation, integration and
analysis of these data with the
software
 Better customer service for longer
customer retention

Requirement of budget car
production
Some common requirement for the budget car are
the following:
 effective budgeting
 proper cost control (Daneva and Wieringa 2015)
 lesser delay in preproduction and logistics
 better resource management
 ability to resolve production issues quickly
 better customer relationship and security of
customer data
 effective product promotion (Hong and Kim 2017)

What special feature ERP
provides ?
Additional features ERP provides that the
traditional java based application does
not provide are:
 automatic data analytics of customer
 budgeting based on investment and
ROI,
 automatic backup of customer data for
better security
 cost inventory analysis

Conclusion
ERP application although requires higher
initial investment than the traditional
enterprise application in the market.
However the investment is worth if
organizations are looking for growth and
profits that are legal, ethical and
persistent

Reference
 Aloini, D., Dulmin, R., Mininno, V. and Spagnesi, A., 2016. Benefits and barriers of social/collaborative
ERP systems: a state of the art and research agenda. In Strengthening Information and Control
Systems (pp. 171-184). Springer, Cham.
 Daneva, M. and Wieringa, R., 2015. Cost estimation for cross-organizational ERP projects: research
perspectives. Software Quality Journal, 16(3), pp.459-481.
 Hong, K.K. and Kim, Y.G., 2017. The critical success factors for ERP implementation: an organizational
fit perspective. Information & management, 40(1), pp.25-40.
 Huang, Y.Y. and Handfield, R.B., 2015. Measuring the benefits of ERP on supply management maturity
model: a “big data” method. International Journal of Operations & Production Management, 35(1),
pp.2-25.
 Jain, D. and Sharma, Y., 2016. Cloud computing with ERP-A push business towards higher efficiency.
Sudhaman, P. and Thangavel, C., 2015. Efficiency analysis of ERP projects—software quality
perspective. International Journal of Project Management, 33(4), pp.961-970.
 Kumar, A., 2018. Benefits of Erp Software to supply Chain Processes in Manufacturing Industry. ZENITH
International Journal of Business Economics & Management Research, 8(4), pp.18-22.
 Nowak, D. and Kurbel, K., 2016, November. Understanding the Flexibility of Cloud ERP Software.
In International Conference on Enterprise Resource Planning Systems (pp. 135-146). Springer, Cham.
 Rosemann, M. and Wiese, J., 2015, December. Measuring the performance of ERP software–a balanced
scorecard approach. In Proceedings of the 10th Australasian Conference on Information Systems (Vol.
3). Wellington.
 Seethamraju, R., 2015. Adoption of software as a service (SaaS) enterprise resource planning (ERP)
systems in small and medium sized enterprises (SMEs). Information systems frontiers, 17(3), pp.475-
492.
 Sudhaman, P. and Thangavel, C., 2015. Efficiency analysis of ERP projects—software quality
perspective. International Journal of Project Management, 33(4), pp.961-970.