Selection and Implementation of ERP for Large Enterprises in Manufacturing Industry

   

Added on  2023-06-07

9 Pages3118 Words255 Views
Research report
Selection and Implementation of ERP for Large Enterprises in Manufacturing Industry_1
Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
TASK 2............................................................................................................................................4
Challenges of migration from on-premises to cloud ERP for large Enterprises in
manufacturing industry...........................................................................................................4
Suitability of Multi-tenant public versus single tenant private cloud for large Enterprises in
manufacturing industry...........................................................................................................5
TASK 3............................................................................................................................................5
Suitable Cloud ERP solutions for large enterprises in manufacturing industry.....................5
Comparing & contrasting different Cloud ERP vendors........................................................5
CONCLUSION................................................................................................................................5
References:.......................................................................................................................................7
Selection and Implementation of ERP for Large Enterprises in Manufacturing Industry_2
INTRODUCTION
ERP is known as enterprise resource planning which defines to type of software that is used
by organisation of large manufacturing industry as to managed day-to-day business activities.
The software comprises application which automates business function such as accounting,
production. The complete ERP suite involves the enterprise performance management, software
which helps in planning, predicting and organisation financial results of large manufacturing
industry (Alsharari, Al-Shboul, and Alteneiji, 2020). The current investigation covers evaluation
of critical factors when it comes to selection and implementation of enterprise system for large
enterprises in manufacturing industry with the justification of the factors importance. The
research is done on challenges of migration from on premises to cloud ERP and suitability of
multi-tenant public cloud versus single tenant private cloud for large Enterprises in the
manufacturing industry. Further research report cover suitable cloud ERP solutions and
comparing different cloud ERP vendors which could be suitable for large enterprises in
manufacturing industry.
TASK 1
The five factors for selection of ERP in large Enterprises in manufacturing industry are:
Features and Functionality – Firstly, identifying the problem that had to be addressed and
the functionality and features they want in solution in innovating solutions. Discuss with the
functional team and leaders and come with the definition of what are their price band, what
they want and the functionality. Large companies’ business operates in many countries and
accounting components of ERP contain currencies of many countries and need ability to
work with many tax systems of different countries. Large companies need to identify what
problem they are facing and need to address their problem and what function and feature
they need to innovate their solutions by discussing it with their leaders and team to get their
price band (Czekster and et.al, 2019).
Cost – the payment methods and price models that have been offered by the resolution
vendor must be flexible and the resolution which generate the good ROI should be the
achievable one. ERP system is used for decades so ongoing maintenances and infrastructure
related problem are a big budget concern today’s choice may impact futures budget.
Company can also see additional revenue benefits because now they can provide products
1
Selection and Implementation of ERP for Large Enterprises in Manufacturing Industry_3

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