The assignment provides an overview of the report's conclusion that ERP systems can improve business operations, cut costs, and provide competitive advantages. It also recommends that companies focus on important requirements while implementing ERP systems and have strong internal project management to ensure a successful implementation.
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Managing Information and Technology
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Table of Contents INTRODUCTION...........................................................................................................................3 Aims of managing information system..................................................................................3 Objectives of managing information system.........................................................................3 Categories of information system...........................................................................................3 Enterprise Resource Planning System....................................................................................5 Benefits of enterprise resource planning system in real life business....................................6 Conclusion and Recommendation..........................................................................................7 Conclusion.......................................................................................................................................7 Recommendations............................................................................................................................8 REFERENCES...............................................................................................................................9
INTRODUCTION In today's context information technology's a frameworkwhere all the resources are related to information technology which are usually managed by an organisation priorities and needs. It is widely used in business that help in referring various kinds of computer related work inmakingoutoperationalactivitiesofbusinessmucheasierandfaster.Management informationsystem and technology consist of people or business processes to record, store and process in order to have appropriate decision. It usually refers tocomputer based systemthat provide an user to organise, evaluate and efficiently manage departs within an organisation (Webster, 2014). In nutshell, management information systemis collection of hardware, procedures so that all work can be process out together in order to store and produce information that is useful to an organisation. Moreover, it help in taking effective decision by facilitation communication within and outside organisation. It also help an organisation to record all business transaction of an organisation that provide a reference point for the transaction. This report is based on different types of information system and ERP systemin managing and controlling organisation at wider information streams. Moreover, evaluating benefits of ERP system in real life business along with appropriate conclusion and recommendation. Aims of managing information system The main aim of managing information system is to help executive of an organisation in order implement proper organisation structure in a dynamic nature. This help an organisation in capturing, processing, storing and retrieval of data in an better way in competitive marketplace. Objectives of managing information system The objective of managing information system is to provide information for decision making process on basis of planning, initiating, organising and controllingoperations of subsystem. It also provides s synergistic organisation process that help decision maker to select the best course of action. Categories of information system An information system is an integrated and coordinate of network of components which basically combines together to convert data into information. Eventually, there are different types of information system which are discussed below:
Transaction processing system:A transaction processing system refers to an event or activity that affects an organisation day to day performance of business operation (Dahlstrom, andBichsel,,2014).Moreover,thisprocessoftransactiondependsondifferenttypeof organisation size and structure in which they are operating their business function and activity. It includes such as placing orders, billing customers, hiring employees as well as recoding transaction that are used within an organisation. Office Automation system: An office automation is the framework or collection of communication technologysuch as computer and person to perform official task. Basically, it executes office transnational work that supports out official activities at every organisation level. It help an organisation in conferencing, creating reports and message in controlling performance of an organisation. Some of the application used in this process are electronic filling, email, word processing and voice mail etc. Knowledge work system: A knowledge work systemis specialised system that build in promoting creation of knowledge to make sure that knowledge and technical skills are properly integrated or not into business (Laudon, and Laudon,, 2015). Eventually, it helps in creating and propagating new information and knowledge by providing graphics, analytical, communications as well as document management tools. Herein, some of the examples of knowledgework system are computer aid design , virtual reality system and financial work system. Management information system (MIS): Management information system are especially developed to support planning, controlling and decision making function of the middle level manger. It extracts transaction data from underlying transaction process system,complies them and produce information products in form of report on daily basis of time. Moreover, it provide information that help in decision making process. It is one of the most simple process that summarises and create comparison which enables manager to take decision in an specified manner. Additionally, it provides manger of a particular organisation to produce reporton monthly, quarterly or on yearly basis. It also provide mangerto access online the current performance as well as past records of an organisation in an appropriate manner. Decision support system: A decision support system is one of the interactive computer based information system that serves at management level of an organisation. It is process of information system that supports in decision making process of manager. It is mostly designed
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for every mangers of an organisation in order to execute a specific managerial task or a problem in an specific manner. Thus, the above mention are some of the information system that have its own benefits and characteristics in operating their function in business (Avgerou and Walsham, eds., 2017).In context to organisation each and every information system play's an equivalent role indecision making process. Moreover, with the adoption of different information system an organisation can carry out their day to day activity in an effective manner. Enterprise Resource Planning System Enterprise resource planning system is a process that is acquire by many companiesto manage and integrated important part of business.Their are many ERP application that exist to help companies to implement resource planning by integrating all processthat are necessary to run business. Additionally, it is an application that allows different departments to communicate and share information in an easiest manner. It collects informationactivitywith state of different division, making information available to others in order to increase productivity. Apart from this this system help in increasing efficiency, promotes collaboration, increases data security, helps to comply with industry regulation, making appropriate forecast, increasing operational flexibility as well help in reducing operational cost. AnERP systemis a key objective that help in integrating software and process all functional division of an organisation that usually merge it for effortless access and structured workflow (Andrade. and Doolin, 2016). Moreover, ERP system helps in performing different types of activities which are determined below: Manufacturing:ERP systemin manufacturing help incapacity planning, workflow management, quality controls, bills of material as well as manufacturing process etc. Financial ERP: In context to financial departments it help in managing accounts payable, receivables , general ledge, cash management and billing out activities in an appropriate manner so that each records can be maintained. Human resource: In human resource management ERP helps in maintaining records of recruitment, benefits of compensation, training and payroll, maintaining time of attendance, labour rules and regulation with appropriate people management.
Supply chain management: ERP system helps in managing inventory records, scheduling supplierchain,salesorderadministration,procurementofplanningaswellashelpin maintaining transportation and distribution in an effective manner. Projects: In case of project ERP system helps in maintaining its costing, billing, maintaining activity management with effective knowledge of time and expenses. Customer relationship management:ERP system helps in maintaining efficient data records of sales and marketing, services, commission, customer contact as well as helps to maintain after sales records (Hills, 2018). Thus, in this manner a organisation can knows it sales of its product and services in an effective manner. Moreover, prior to ERP system in different elements each and every department within an enterprise has its own isolated software application that usually do-not interface with each other. Sometimes isolated frameworkscould not synchronizeinter department process and it hamper organisationproductivity,speedandperformancewhichusuallyleadtoissuessuchas incompatibleexchange standards. Hence, for developing a comprehensive ERP system an organisation leads to increase performance, increase work flow, exchange formats and speed enhancement etc. moreover, ERP system help an organisation to gather information and record data in an effective manner so that an organisation can maintain their past and current records appropriately. For example: ERP system helps H&M in manacling their data and records in an appropriate manner so that they can maintain their records in an appropriate manner. As it enterprise resource planning playsan equivalent role inmaintaining and keeping records in ansss appropriate manner so that effective decision can be taken in an effective manner. Benefits of enterprise resource planning system in real life business Intoady'scontextasmallormediumsizedbusinesswantstoobtainmaximum productivity by eliminating waste of resourceswith best profit margins. An enterprise resource planningis a software system that enables efficient control and management of manufacturing processfromtheinitialconceptanddesignthroughouttheplanningstagetillactual manufacturing process (Wagner, Vollmar, and Wagner, 2014). In context to organisation, ERP software is a system which integrates manufacturing process to ensure smooth running flow of information and operations moreover, this system offers several benefitsto both small and medium sized business are determined below:
Enhanced visibility: In business context, ERP software ensure that each process is visible in to different department involved in business. Which usually includesall stakeholders, employees and staff members information that ensure that each process is traceable. Automated framework: ERP system help in automated workflow from one department to another department ensuring that transition between department are smooth and fast. In this manner task are completed in an effective manner in an appropriate time. Moreover, with this system a variety of product can be automated by taking and processing customer's order, taking inventory and financial condition etc. Single reporting system: ERP system ensure in single reporting system that is used into data analysisso that a business can pertain statistical status of manufacturing process which involves real time reporting across each and every department. Thus, reporting system creates transparency and connection between different managers and department. Reliable data: In contrast to manual record keeping a automated spread sheet system that operates independentlyof each department. Where as an ERP system ensure that data from every department is combined into comprehensive management tools which can be used and ascertained with performance of processing during each step of manufacturing process. Low operations cost: ERP system helps in eliminating delays and communication problems and analysis of real time data. This software helps in reducing running cost effective with maximising optimization (Andrade. and Doolin, 2016). It also have the ability to obtain accurate data in manufacturing process in order to bring efficiency and problem solving skills as well as becoming standard practice in enterprise. Thus, from the above mention point it has been analysed that ERP helps in smooth running process of procurement, customer's demand and inventory process as well as other functions in an effective manner. It eventually, enables improved planning of staff requirements, raw materials and profit forecasting. Conclusion and Recommendation Conclusion With the help of above mentioned report, it has been concluded that ERP system not only helps an organisation in cutting the cost but it also improvisers the overall operations of
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buildings and certain activities which are linked to do operations of a business organisation. Alongside this, it can also be said that customer demand and inventory process can also easily be synchronised among this sort ofIT systemsthat may help in securing the data from many hackers and so on.With the help of an ERP system,an organisation can easily gain many competitive advantages and there will be no need of high manpower because this type of system basically a mastermind which aid in building for running business operation in an optimised manner. Comprehensive management has also been considered as one of a crucial tool which an ERP system gives to a business organisation which is using this sort of system.This report basically helps in in collecting all the data from different departments which can be analysed afterwards whenever it is neededInfuture. Recommendations Considering the above information, it is recommended that company would require to work on the document as per the requirements and existing pain points but focus primarily on the important requirements while implementing ERP System. Along with this, in order to make the ERP implementation successful it will be needed to have a robust solution design done upfront. Awaywiththis,StrongInternalProjectManagementisalsorecommendedtobusiness organisations that are looking forward to implement the ERP system. It has been analysed that there are many people who mostly focuses upon and spends a lot of time evaluating a variety of ERP solutions and picking up the right solution.
REFERENCES Books and journals Avgerou, C. and Walsham, G. eds., 2017.Information technology in context: Studies from the perspectiveofdevelopingcountries:Studiesfromtheperspectiveofdeveloping countries. Routledge. Andrade, A .D. and Doolin, B., 2016. Information and communication technology and the social inclusion of refugees.Mis Quarterly.40(2). pp.405-416. Dahlstrom, E. and Bichsel, J., 2014. ECAR Study of Undergraduate Students and Information Technology, 2014.Educause. Hills, J., 2018.Information technology and industrial policy. Routledge. Laudon, K. C. and Laudon, J. P., 2015.Management Information Systems: Managing the Digital Firm Plus MyMISLab with Pearson eText--Access Card Package. Prentice Hall Press. Webster, J., 2014.Shaping women's work: Gender, employment and information technology. Routledge Wagner, D., Vollmar, G. and Wagner, H. T., 2014. The impact of information technology on knowledge creation: An affordance approach to social media.Journal of Enterprise Information Management.27(1), pp.31-44.