ENTERPRISE RESOURCE PLANNING (ERP)

Presented by,

Ayshwarya chandrasekaran

Hemapriyadharshini Sampath kumar

Swetha vonteddu

ENTERPRISE RESOURCE PLANNING (ERP)

“A business strategy and set of industry-domain specific applications that build customer and shareholder

communities value network system by enabling and optimizing enterprise and inter enterprise collaborative

operational and financial processes. (Gartner Research Note SPA-12-0420) ”

BEST PRACTICES

According to Umble, E, Haft & Umble, M (2003), some of the best practices for implementing ERP are

Clear understanding of strategic goals

Commitment by top management

Excellent project management

Organizational change management

A great implementation team Data accuracy

Extensive education and training

Focused performance measures

Multi-site issues

Middleware Vs ERP solution

Middleware Vs ERP solution

ADVANTAGES

Provision to automate several process (Umble et al, 2003)

Dedicated modules for integrating and managing data from various departments such as finance, sales, service, and

so on (Meet Our Departments, 2014)

Flexible according to business requirements (Shang & Seddon, 2002)

Ready made solutions for most of the issues (Hossain, Patrick, Rashid & Rashid, 2002)

Return over investment earlier than in-house software (O'Leary, 2000)

Unified reporting system (O'Leary, 2000)

Improved decision making (O'Leary, 2000)

Easier for order tracking, inventory tracking, revenue tracking, sales forecasting and related activities (O'Leary,

2000).

CHALLENGES

High implementation cost (O'Leary, 2000).

Delay on return on investment but yields steady performance over time when compared to non-adopters (Hunton,

Lippincott & Reck, 2003)

Requires much customization to fit business needs (Hossain et al, 2002)

Migration from legacy system to ERP system is difficult (Kremers & Van Dissel, 2000)

CONCLUSION

ERP is the tool for an integrated information system to stay competitive and customer‐oriented for all organizations.

Integrates and automate business functions at organizational level

Excellent information system that satisfies both business and customer needs

Increases business revenue

REFERENCES

Hossain, L., Patrick, J. D., Rashid, M. A., & Rashid, M. A. (2002). Enterprise resource planning: global opportunities and challenges. IGI Global.

Hunton, J. E., Lippincott, B., & Reck, J. L. (2003). Enterprise resource planning systems: comparing firm performance of adopters and nonadopters.International Journal of Accounting information systems, 4(3), 165-184.

Kremers, M., & Van Dissel, H. (2000). Enterprise resource planning: ERP system migrations. Communications of the ACM, 43(4), 53-56.

Meet Our Departments - Central Nissan. (n.d.). Retrieved November 25, 2014, from http://www.centralnissan.net/MeetOurDepartments

O'Leary, D. E. (2000). Enterprise resource planning systems: systems, life cycle, electronic commerce, and risk. Cambridge university press.

Shang, S., & Seddon, P. B. (2002). Assessing and managing the benefits of enterprise systems: the business manager's perspective. Information Systems Journal, 12(4), 271-299.

Umble, E. J., Haft, R. R., & Umble, M. M. (2003). Enterprise resource planning: Implementation procedures and critical success factors. European journal of operational research, 146(2), 241-257.