Journal Synopsis: Cloud ERP System for Competitive Advantage

This journal synopsis delves into the feasibility and implications of cloud-based Enterprise Resource Planning (ERP) systems. The project aims to assess the potential of cloud technologies in providing accessible data and information, regardless of the user's location. Utilizing secondary data analysis, including peer-reviewed journals and academic sources, the synopsis identifies the strengths and weaknesses of cloud ERP solutions. Findings suggest that cloud technologies offer cost-effective alternatives, enabling companies to gain a competitive edge. While acknowledging the potential risks to data privacy and security, the synopsis emphasizes the importance of stringent strategies and control mechanisms with cloud vendors. Furthermore, it highlights the need for enhanced HR capabilities and strict regulations to prevent unethical behavior and data breaches. The synopsis concludes that, despite the risks, the advantages of cloud ERP systems, particularly for small and medium-sized organizations, outweigh the disadvantages, provided that robust risk mitigation policies are in place.

Running head: JOURNAL SYNOPSIS
JOURNAL SYNOPSIS
Name of the university
Name of the student
Author note

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Synopsis
Aim of the project
The project aims to create a cloud based ERP system to enable the power of accessing
both the data and information irrespective of the consumers’ location mainly.
Methodology
The methodology has followed secondary data analysis which includes at least ten
peer reviewed journals along with informative academic sources. The journal articles have
been analysed in terms of detecting gaps and strengths following a structure of annotated
bibliography. This has turned out to be helpful in suggesting best solution for the
organisation.
Results
The findings suggests cloud technologies are supportive enough to bring alternative
ERP solutions to the market. Applying this method a company can capture added value and
achieve competitive edge. Researches like Randhawa and Sethi (2017), Qu et al. (2014), and
Johansson et al. (2015) have indicated feasibility of implication and its flexible nature. Cloud
based ERO is going to be highly cost-effective too. Although, Mohammed and Burhanuddin
(2018) has highlighted the risk of privacy, truthfulness and security of information
concerning a certain organisation.
Discussion
Acknowledging the potential risk, the need of discussing various stringent strategies
and developing control mechanism with cloud vendors has been perceived in terms of
maintaining the competitive edge. In order to implement the planning thoroughly, HR
capabilities must be enhanced through conducting various trainings. Strict regulation must be

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communicated against unethical behaviour of employees or managers if the security of
corporate data has been violated.
Conclusion
The wide range of advantages encourages the application of ERP systems, although,
Risk mitigation policies has been mentioned strictly. ERP system can be beneficial for Small
and medium sized organisations as the implication is cost effective which includes lower
investment cost. Along with that, it must be remembered it cannot provide a fast service as it
has to process huge deal of data. Another disadvantage is risk of breaches that can be
nightmare of any corporate organisation.

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References
Randhawa, J. S., & Sethi, A. S. (2017). An Empirical Study to Examine the Role of
Manufacturing Informatics in Smart Manufacturing. International Journal on Recent
and Innovation Trends in Computing and Communication, 5(5), 262-269.
Qu, T., Lei, S. P., Wang, Z. Z., Nie, D. X., Chen, X., & Huang, G. Q. (2016). IoT-based real-
time production logistics synchronization system under smart cloud manufacturing.
The International Journal of Advanced Manufacturing Technology, 84(1-4), 147-164.
Mohammed, G. J., & Burhanuddin, M. A. (2018). Barriers facing The Adoption of Cloud-
Based Enterprise Resource Planning (ERP) Systems in Small and Medium Sized
Enterprises (SMEs). International Journal of Engineering & Technology, 7(2.34), 98-
102.
Johansson, B., Alajbegovic, A., Alexopoulo, V., & Desalermos, A. (2015, January). Cloud
ERP adoption opportunities and concerns: the role of organizational size. In System
Sciences (HICSS), 2015 48th Hawaii International Conference on (pp. 4211-4219).
IEEE.