Monet Group ERP & Web 4.0 Portal

Verified

Added on  2019/10/31

|2
|486
|285
Report
AI Summary
This report assesses Monet Group's strategic decisions regarding the implementation of an integrated Enterprise Resource Planning (ERP) system and a new Web 4.0 ultra-intelligent electronic portal. The report details the advantages of the ERP system, highlighting its contributions to security, efficiency, cost-effectiveness, collaboration, and international marketing expansion. It concludes that the ERP system will significantly reduce business complexities and broaden market reach. The report then examines the proposed Web 4.0 portal, emphasizing its potential to increase business revenue, provide competitive advantages, and enhance user recognition through biometric authentication (face and fingerprint recognition). The portal's robust security features are also highlighted as a key benefit. Overall, the report supports Monet Group's decisions as strategically sound and beneficial for the organization's growth and security.
Document Page
Part 3
3.1 Integrated ERP Solution
The Enterprise Resource Planning or ERP can be defined as the procedure that an
organization performs for integrating and managing their business portions into one. The main
advantage of this process is that it reduces the complexities of the business or the organization. a
successful business has several parts in their business, which include the inventory control, the
purchasing, planning of the business, human resources, marketing, sales and finance
departments. An Enterprise Resource Planning system integrates all these system into a single
system, thus reducing the overall complexities. The other advantages of enterprise resource
planning are as follows:
i) Security: The main advantage of the integrated ERP system is its security. ERP system
provides extreme security to any business.
ii) Efficiency: The second advantage of an ERP system is the efficiency. It is highly
efficient in performing any type of integration in the business.
iii) Cost Effective: This is the main advantage for any business. ERP systems are
extremely cost effective and do not incur much cost during its implementation and maintenance.
It even reduces the operational costs in the business.
iv) Collaboration: ERP system can easily collaborate with any other business processes
easily.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
v) Increment in the International Marketing: Due to improved collaboration with other
processes and the easy implementation process, ERP helps in increasing the target customers in
the international marketing.
Therefore, from the above benefits, it can be easily concluded that the decision
undertaken by the Monet Group is not at all wrong. Moreover, it would be extremely beneficial
for the organization in reducing the complexities of the business and targeting more customers
both in domestic and international markets.
Part 4
4.1 A New Web 4.0-Level Ultra-Intelligent Electronic Portal
Monet Group has decided to implement an innovative Web 4.0 Level Ultra Intelligent
Electronic Portal in their business. This particular portal is considered to be as the most efficient
platforms of a business. The main advantage of this platform is that the clients or the users will
be successful in increasing the efficiency of the business by the increment in the business
revenues and several competitive advantages. Another important advantage of this portal would
be the recognition of its users. This would be having biometric authentication within it and only
authenticated users would be able to use this particular application. The biometric authentication
involves the face recognition and the finger print recognition. The other advantage that the
Monet Group would be getting is that it would be protected from any type of external attackers
or intruders. This is again securing the entire system of the group of resorts and increasing the
overall security.
chevron_up_icon
1 out of 2
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]