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Strategic Information Systems For Business And Enterprise | Assignment

   

Added on  2021-02-20

15 Pages4732 Words30 Views
Strategic InformationSystems for Business andEnterprise

Executive SummaryThe presented report mainly depended on Gracious industry which is private limitedcompany and planning to invest in accounting software to reach next level. The key businessprocesses of company like accounting, sales, technology, marketing, product or service deliveryand quality. The company face control risk such as lack of control over quality, regulatory andcompliance, low level of knowledge regarding accounting and technology etc. To sort out theproblem used two software first one SAP business by design and IFS application. There isrecommended that company must invest into Epicor due to it provides 30 days for free trial andapplication cost is very low.

Table of ContentsINTRODUCTION...........................................................................................................................1Business Requirements....................................................................................................................1Key business processes...............................................................................................................1Major control risk........................................................................................................................2System Requirements.......................................................................................................................3Possible ERP features and functionalities to achieve business objectives and minimise thecontrol risk..................................................................................................................................3Software Selection...........................................................................................................................5Three ERP vendors and their description....................................................................................5Vendor Selection..............................................................................................................................7Compare and contrast the features and functionalities of two ERP software packages offeredby three vendors..........................................................................................................................7Select most suitable vendor and ERP software packages for company......................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11

INTRODUCTIONStrategic information system is a system that manage information and assist in decisionmaking. Generally says that it is a part of information system that is straight with businessstrategy and structure. It is utilised by the organisation to react on the corporate world and manybusiness initiatives for providing higher benefits of competition to the business. It may provide aservice or product at cheap price, distinguished and especially focused on a demanding marketdivision or which is invention (Abugabah, Sanzogni and Alfarraj, 2015). This report based on thecase study, Gracious industries is a private limited company where are working about 35 staffmembers and generate sales revenue $10.5 million compare last year. Recently, Gracious lostkey accounts due to ineffectual to produce some of its products at a competitive price. Socompany decided to employed a accountant for creating financial statements for each year. Thecompany thought they get more information through final accounts and investment amount inaccounting software to reach next level of business. In the report covers business requirements,system requirements, software selection and vendor selection. Business RequirementsKey business processesKey business process are the collection of procedures that are performed by businessentities to ensure about all functions are carried out correctly and organizations work well or not.Gracious Industries is a private limited company that is supplying electronic parts. All the keybusiness processor of the business are as follows: Sale and marketing: In the Key business process consist of those activities which areconducted for sales and marketing in the Gracious industries. Through these activities businessearn income and aware for the customer in the reference of all products which are sold by it.Through the business procedure a company easily acquire their goals and objectives that relatedto profit maximisation. For this, it is required to all the operations of business processes arepresented effectively, the board of directors of company execute business strategies for them.Such as business to business sales, publicity through pamphlets etc. These strategies helps toformulate all the plan which are formed previously (Al-Ghofail and Al-Mashari, 2014). Accounting and technology: Both procedure are included as key business processes ofGracious industries because without both of them it is not possible to formulate activities in1

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