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Implementation of ERP system in Retail Company

   

Added on  2020-05-28

13 Pages2240 Words63 Views
Running head: PROJECT MANAGEMENT Implementation of ERP system within a retail CompanyName of the StudentName of the UniversityAuthor’s Note

1PROJECT MANAGEMENTTable of Contents1. Contextual Review.......................................................................................................................22. Planning for artifact....................................................................................................................32.1 Reviewing relevant technique that is necessary for validating design..................................33. Project plan..................................................................................................................................43.1 Purpose..................................................................................................................................43.2 Assumptions and constraints.................................................................................................43.3 Scope......................................................................................................................................53.4 Time management.................................................................................................................53.4.1 Schedule..........................................................................................................................53.4.2 Gantt chart......................................................................................................................83.5 Budget....................................................................................................................................93.6 Communication management..............................................................................................103.7 Risk management.................................................................................................................11Bibliography..................................................................................................................................14

2PROJECT MANAGEMENT 1. Contextual Review The project mainly reflects on the implementation of ERP within retail Company of UK.According to Ram, Wu and Tagg (2014), enterprise resource planning is defined as one of theprocedure by which a company manages as well as integrates the significance of the business. Itis identified that an ERP management information system helps in integrating several areasincluding planning, inventory sales, marketing, purchasing as well as finance (Panayiotou et al.2015). The use of ERP within the Retail Company helps in improving the business performanceof the organization by properly implementing an efficient control as well as planning system thatgenerally synchronizes planning of different processes of the organization. ERP system helps in streamlining various business operations for playing as a keyingredient for gaining competitive advantage within the business organizations. It is stated bySun, Ni and Lam (2015) that the principle objective of an ERP system is to integrate variousbusiness functions of the organization into a proper unified platform. With the help of properdata centralizing as well as streamlining, accessing of data helps in enhancing the efficiency ofthe business model. In addition to this, it is opined by Bintoroet al. (2015) that ERP helps inbrining proper degree of automation within the business by allowing employees of theorganization to access various types of shared data without the requirement of maintainingmanual records. The use of ERP system helps in eliminating redundancies within the organizations thathave multiple data storage locations. It is analyzed by Garg and Garg (2014) that the use of ERPsystem helps in improving all the business operations as various process of the business getsstreamlined and access of the business generally gets simplified with the help of user friendly

3PROJECT MANAGEMENTinterfaces. The use of ERP software also assists in keeping the customers of the companysatisfied by managing the sales as well as inventory of the company efficiently. It generally helpsin maintaining up to date information which will helps in facilitating real time updating ofdifferent types data in order to recover them (Bernroider, Wong and Lai 2014). The utilizationof ERP helps in integrating as well as analyzing various types of financial data which will behelpful in improving productivity of the employees by minimizing delays considerably.2. Planning for artifact 2.1 Reviewing relevant technique that is necessary for validating designThe relevant tools as well as techniques that are generally needed in order to validate thedesign of the ERP system are as follows:Hardware tool: The hardware tools those are necessary for the project includes databackup system, network card, power protection, processor, data storage and more.Software Tool: The software tools those are necessary for implementing ERP systemwithin the company includes database management tool, application and interfaces withappropriate permission control, work flow management tool, reporting tool, communication tool,analytical tool as well as resource allocation and task scheduling tools.Simulation tool: SIMUL8 Professional is one of the simulation tool that can utilize forgetting better results. The simulation tool generally helps in improving processes for increasingefficiency as well as for reducing costs.

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