BCO6653: ERP Implementation Analysis for Walmart - Tri1 2019

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Added on  2023/03/23

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This report provides an in-depth analysis of Walmart's Enterprise Resource Planning (ERP) system, examining its implementation, benefits, and challenges. It explores various aspects of ERP, including process preparation, configuration, and vendor-managed inventory. The report highlights the benefits of ERP implementation, such as faster response times, improved customer and supplier interactions, and better inventory management. It also discusses the use of Electronic Data Interchange (EDI) and cross-docking in Walmart's distribution centers to optimize supply chain efficiency and reduce costs. Furthermore, it covers the retail information system and collaborative forecasting. The analysis includes the ERP model's role in automating back-office services, concluding that ERP implementation is crucial for business success in the modern economy. References from various academic sources support the analysis.
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MANAGEMENT OF INFORMATION
TECHNOLOGY
NAME OF THE STUDENT
NAME OF THE UNIVERSITY
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ENTERPRISE RESOURCE
PLANNING:
The enterprise resource planning (ERP) is such a
category of the software for the management of the
business.
An organization can utilize for storing collecting and
managing data and information for the activities of
the business that is including the product planning,
service and manufacturing delivery, sales and
marketing, management of inventory, payment and
payment.
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THE ERP SYSTEM
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IMPLEMENTATION OF ERP IN
WALMART:
The ERP systems could execute on the variety of the
computer hardware and the configurations of the
network and commonly it utilises the database as the
repository of the information of the company.
It was observed by the company during the
implementation of the ERP systems that the ERP
scope commonly implies the significant alteration of
the work processes of the staff and the practices.
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PROCESS PREPARATION FOR THE
IMPLEMENTATION OF ERP IN
WALMART The poor understanding of the required changes in the
process before the starting of implementation is the major
reason for the project failure and the company employed
the skilled workers for providing the required consulting
regarding the various aspects of the implementation
project.
The major difficulties could be associated with the system,
the infrastructure, the business process, the training and
the lack of the motivation.
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CONFIGURATION:
The ERP vendors offers the customers with the
options of the configuration that allows the
organisation with the incorporation of their
respective rules of the business but frequently it
features the gaps still exists even afterwards the
configuration has been executed by the
organisation.
The customers of the company have the various
options for the reconciling of the features gaps and
each of them consists of its own advantages and
the disadvantages.
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BENEFITS FOR IMPLEMENTING
ERP:
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MAJOR RISKS:
The resource planning of the organization can be
said to be the inside corporate development
helping a firm settle on the decisions that are
speedy as well as noteworthy decline of the
operational cost of the business that are improved.
The researchers have recognized that each of the
competencies have been made out of different
diverse concealed limits, which are also known for
controlling the rationalities and methods in order
for completing the express collaborations.
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MAJOR BENEFITS:
Fastened time for response
Interaction that is elevated across the
organization
Interaction between the customer that is
best
Deliver that is faster in the time
Better interaction with the suppliers
Low level of inventory
Best currency management
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ERP FOR WALMART
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CENTER FOR DISTRIBUTION:
The center for distribution receive goods and
products from numerous suppliers and then the
goods are sorted according to fulfill the requirement
and demand of the several stores. Then the sorted
products are shipped to the suppliers.
This system of distribution is known as Cross-
Docking. The process minimizes handling cost,
avoids inventory cost and there is nearly a 2-3%
reduction in the product cost
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PLANNING AND
REPLENISHMENT:
Wal-Mart has the Retail Information System
which provides visualization to the company
about real time availability of goods and
products in each of the stores.
Wal-Mart practices collaborative forecasting
rather than demand forecasting
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