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ERP Implementation Assignment Solution

   

Added on  2019-11-12

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ERP SYSTEMS: FACTORS CONTRIBUTING TO BEENFIT REALIZATIONERP ImplementationStudent’s nameName of the Institute

ERP SYSTEMS: FACTORS CONTRIBUTING TO BEENFIT REALIZATIONContents1Introduction..............................................................................................................................32Analysis....................................................................................................................................42.1Selection of ERP implementation partner.........................................................................42.2Localized requirements.....................................................................................................52.3Clear Bifurcation of Project in project phases and entry and exit criteria of each phase.62.4Minimizing Customizations..............................................................................................62.5Testing strategy.................................................................................................................72.6Training strategy...............................................................................................................82.7Go live strategy and Timing..............................................................................................82.8Effective Change Management strategy...........................................................................92.9Maintaining risk register...................................................................................................93Conclusion..............................................................................................................................10Reference.......................................................................................................................................11

ERP SYSTEMS: FACTORS CONTRIBUTING TO BEENFIT REALIZATION1IntroductionERPs systems were once considered as the expensive systems that were used by the world’sbig organizations that have huge IT budget however the trend is changing very fast. Now, theERPs systems have become relatively cheap due to the advent of cloud computing,modularization where organizations does not has to buy the complete ERP systems infrastructurebut they can use the platform and database by various cloud providers. Also, this is the era ofdigitalization, globalization and massive competition (Bernaert & Poels, 2014). Due to massivecompetition, organizations are struggling to cut their costs and improve the bottom-line. ERPsystems are known to optimize and streamline the complete business processes of theorganization and thus reduce costs. Also, due to globalization, the operations of the companieshas become complex, suppliers and customers are located across the world, lead time of materialhas become very high and thus efficient IT systems are become indispensable for most of theorganizations because traditional approach of maintaining data in silos is highly inefficient whenthe scale of operations are vast and huge (Powell & Riezebos, 2013). SAP and Oracle are theleaders in ERP products and there are many other vendors also. Once the company purchasesERP, it is not like that automatically their IT costs will come down; efficient ERPimplementation is also needed. This is the reason that there are numerous companies that arereaping benefits of same ERP while there are also no dearths of companies that have failed withthe EPR implementation and incurred the huge costs. GE, Emerson Electric, Schneider Electric,Philips have very good results after implementing ERP (Sar, & Garg, 2012). On the other hand,there are case studies like Big brands Nike, FoxMeyer drug, Waste management that suffered

ERP SYSTEMS: FACTORS CONTRIBUTING TO BEENFIT REALIZATIONhuge losses after implementing ERP (Soh, & Sia, 2004). This raises important questions thatthere must be something that differentiates the successful implementation from the poorimplementation.The purpose of this report is to looks at the various factors that contribute to the realizationof benefits by the organizations and help them to reap the greater benefits of ERPimplementation. This process will review the various literatures that are available and criticallydeep dive into them to understand what is it that is needed to achieve greater benefits. Also, this report will also study the case of one medium scale company in Ethiopia calledMesfine Industrial Engineering (MIE) Pvt. Ltd. that have implemented their ERP systemssuccessfully and the case of another ERP implementation by French Multinational whoseimplementation for Chinese subsidiaries was on the verge of failure. These cases will bring outthe contrasts between the activities and provide the deeper analysis why one company is havinggood experience and another bad experience with the same ERP product. It is expected that thisreport would help to understand and analyze the various intricacies involved in theimplementation process of ERP. 2AnalysisERP selection is just one step of the entire process. Once the ERP is selected, there arenumerous other important steps like selection of appropriate consulting partner like Accenture,Deloitte consulting, carving out of business processes, restricting the number of customizations,effective testing strategy, effective training strategy, appropriate Go-live strategy, like Phasewise or big bang, managing users resistance for new technology, change management and so on.

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