...Meeting 2: ERP(Enterprise Resource Planning) Enterprise resource planning systems or enterprise systems are software systems for business management, encompassing modules supporting functional areas such as planning, manufacturing, sales, marketing, distribution, accounting, financial, human resource management, project management, inventory management, service and maintenance, transportation and e-business. Starting in the late 1980’s-1990’s, ERP targeted large, complex organizations. The architecture of the software facilitates transparent integration of modules, providing flow of information between all functions within the enterprise in a consistently visible manner. ERP systems concept: Evolution of ERP: ERP II systems is a new concept introduced by Gartner Group in 2000 in order to label the latest extensions of the ERP-systems. The purpose of this paper is to explore the next generation of ERP systems, the Extended Enterprise Resource Planning(eERP). The prime functionalities of the the (eERP) systems are E-commerce, Supply Chain Management (SCM), Customer Relationship Management (CRM), Business Intelligence (BI), Advance Planning and Scheduling (APS). What to look for in an ERP system to fill the gaps, which in turn improves accuracy of information and accelerates data flow, an ERP solution can help your company streamline day-to-day tasks and free up staff to focus on more complex issues that require more personalized attention. As a result, you can improve...
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...GITAM School of International Business GITAM UNIVERSITY (Declared as Deemed-to-be-University U/S 3 of UGC Act, 1956) Visakhapatnam – 45 A report on Warehousing & Functioning of ERP in TVS LSL, Pune Under the guidance of Mr.Pavan Nair Regional head TVS LSL, pune (Internal guide) M.V.Kameshwara Rao Professor,GSIB,GITAM university (Faculty guide) Submitted By Anand Vuppalapati (1226112104) Acknowledgements I ‘am pleased to have associated with TVS Logistics Services Ltd. In the Internship project on Warehousing & functioning of ERP, a project of significance to both, TVS Logistics Services Ltd. and me. I take this opportunity to thank Mr. Pavan Nair, Regional head, TVS Logistics Services Ltd, Pune for giving me the opportunity to work on this project and also for his guidance as project guide. We are deeply grateful to Professor M. Kameshwara Rao, GITAM School of International Business for providing insightful and rich mentoring support for this project. The results of this study reflect the thoughtful input of all participants including the views of the eminent professionals in the company, solicited during the course of the interviews we had with them. Thank you to all who gave time to make this study useful. It was a most rewarding experience to work on such a challenging project. We believe that the results of this study would be helpful to TVS Logistics Services Ltd. in making thoughtful changes in the Third party logistics sector...
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...* Critical Success Factors for ERP implementation: The Critical Success Factors (CSF) in implementing an ERP system, that enables the Organisation or an Industry has been very challenging; in terms of integrating all the business processes within the Industry, to stay competitive and ahead of other players in the market. In order to increase efficiency and improve productivity the successful implementation of the ERP system would pave way for faster productivity and competitive advantage. Generally, ERP can be defined as enterprise wide IS (Information System) that amalgamates and controls all of the business processes in the organisation intact. According to Nah and Lau (2001) ERP is “a packaged business software system that enables a company to manage the efficient and effective (materials, human resources, finance etc.,) by providing a total, integrated solution for the organisation’s information-processing needs”. If ERP is implemented proper and efficient, the flow of information across the organisation is integrated into single common database. This allows easy and immediate access to information regarding inventory, product or customer data, and prior history information (Shehab et al., 2004). The CSF can also be influenced by the best practices adopted by the organisation. Please see the diagram below for success factor category deriving best practices. The main facets discussed below are the most prominent in the organisation for best implementation practices: Strategic...
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...“ERP – THE CHANGES TRENDS SALES AND DISTRIBUTION” Prof. S.L Gupta* and Ms Richa sharma** * Professor, Birla Institute of Technology(Deemed University), Noida Campus, Noida (U.P). ** Research Scholar, Singhania University, Rajasthan. ABSTRACT TO keep pace with rapid changes in the business world, companies need an integrated and flexible enterprise system that supports all aspects of their business with state-of-the-art functionality. An Enterprise Resource Planning (ERP) system helps companies to run their businesses in an effective and efficient manner by providing integrated and consistent information flow. It makes the task of keeping track of all the transactions so much easier. A retail ERP system allows automatic recording of the transactions in real-time environment. They have become indispensable tools to survive and increase profitability in race of running the large organization. SAP ERP system is tightly integrated with the Sales and Distribution module. This integration enables the mapping and supply of single-site or multi-site organizations. Developing precise logistics planning for just-in-time deliveries, this system can also generate replenishment orders by using defined warehouse requirements. The ERP Information Systems facilitates faster and better management decisions by providing crucial information in a timely manner. The research focuses on to gain in general understanding of...
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...Enterprise Resource Planning (ERP) Mohamed Ahmed Metropolitan State University ACCT 340 Accounting Information Systems Jim Cole 05-06-13 Because of The nature of today’s modern global markets requires companies to maximize their flexibility and ability to respond quickly to an ever changing environment in order to remain competitive, whereas in the past businesses would compete on one or two performance objectives, such as price and quality. It is therefore a necessity for a key player in any market to be able to make quick decisions both within its department including accounting and as a result of moves made by its competitors I decide to write about amazing system, which is Enterprise Resource Planning (ERP) it is cost and benefits frequently associated with this system. With fast base market, business are not wasting no time to maximize their resources and profit, that is why ERP is essential to every business and here is the main purpose of why every business needs to have ERP system. ERP system is system that effectively integrates all departments and functions within any given business on to one computer system. If implemented appropriately done, ERP should serve needs of these departments by centralizing any required information, making it easily accessible and vastly improving interdepartmental communicating. A good ERP system should serve all level of an organization, from senior managers to production workers, with information being provided independently...
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...Name-: Akinwande Babajide Davids Reg No-: BLR1208032018 Industry-: Retailing Industry: TESCO ORGANISATIONAL EFFECTIVENESS: THE NEED FOR E.R.P AND S.C.M Abstract This report attempts to give an overview of Enterprise Resource Planning (ERP) and Supply Chain Management (SCM). As an organization grows so must its Information Systems. Growth should see an organization transcend from the use of Spreadsheets for its data collection, analysis and storage to probably Oracle and then to ERP. ERP integrates information from both the internal and external business processes without which the various processes will be islands on their own. The report looks at the efficacy of supply chain management in organizations and how ERP complements SCM. It dabbles into the retailing industry as a whole considering giants like TESCO and Wal-mart, how the proliferation of SCM solutions such as RFID and VMI have been of help to them and also gives an insight into the phenomenon of Bullwhip, how it affects the supply chain and where the solution to the scourge lies. Introduction The retailing industry has come a long way in India, from the era of barter trading to the local, unorganized retailing and to the organized retailing; it is evident that the industry is under a significant revolution. With the recent opening of India’s retailing industry to foreign direct investments, major world players like TESCO and Wal-mart are gathering momentum to step into the scene in India; the success of this...
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...c % of the overall yearly sales on IT services Market Availability of better and faster IT / ICT solutions with maximum accuracy is pushing the industry forward significantly Technology Adoption in Retail Currently, adoption of IT / ICT in retail sector is estimated at INR z bn of the overall IT / ICT Currently, adoption of IT / ICT in retail sector is estimated at INR z bn of the overall IT / ICT industry in India Growing trade and retail activities is resulting in the need for line of business specific applications aimed at catering to the specific needs of the sector p y pp y Cost component, flexibility and customization of applications are the key selection criteria amongst retailers for the selection of IT / ICT tools and services Cloud computing plays a major role in the enhancement of operational procedures of retailing wherein data and information are transmitted on a real time basis thereby facilitating faster decision making It is predominantly implemented in the fields of supply chain management, inventory management and sales analysis Lesser cost component involved stimulates the acceptance of cloud computing amongst retailers Major Foreign Players ajo o e g aye s Player 1 Player 2 Player 3 Role of Cloud in Retail i R t il Competition ii Major Domestic Players ajo o est c aye s Player 4 ICT IN RETAIL INDUSTRY ‐ INDIA 2011.PPT 2 • Retail Sector ‐ Overview Drivers...
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...ERP IN MANUFACTURING SECTOR Group :6 Anubhav Chaturvedi (15) Anirudh Mishra (36) Amol Singh (57) Rohit Patil (60) INTRODUCTION ERP systems have traditionally been used by capital-intensive industries such as manufacturing, Services etc. Manufacturing firms are facing new challenges and in order to stay competitive many manufacturing operations require to be regularly updated with the Information Technology solutions. The manufacturing sector is one of the main economic activities in most of the nations. The most important aspect to characterize IT adoption is the industry and its specific characteristics rather than the country the firms belong to. Different industries have different operating characteristics and environments, and the factors related to ERP use may differ accordingly. Given the complexity of manufacturing firms, we then decide which aspects of a firm influence the use of technological innovations. Most of the manufacturing companies rely on ERP software to manage the entire range of business activities from CRM, manufacturing inventory and processes, accounting software, manufacturing planning, purchasing, quality, and more. For implementing ERP in any manufacturing industry the research objectives revolve around the following parameters(Mainly cost and quality measurement) * To identify whether there is significant difference in performance measures like cost and quality in industries with well defined IT system and industries with not such well...
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...------------------------------------------------- ID: B00676737 Word: 2022 The Role of ERP in Automotive Industry Table of Contents 1. Introduction ……………………………………………………….……….. 04 2. ERP ………………………………………………………………………… 04 3. The Revolution towards ERP……………………………………..………... 05 4. ERP in Automotive Industry…………………………………..…………… 05 5. ERP implementation Business Risks in Automotive Industry………….….. 07 6. Evaluation and Conclusion…………………………………………………. 08 7. Reference…………………………………………………………………… 10 8. Bibliography………………………………………………………………... 13 9. Appendix………………………………………………………………….… 15 1. Introduction Last few decades there is a rapid change in IT sector which created impact on business organisations and there is a wonderful gift from IT sector is Enterprise Resource Planning System Software (Mazzawi R, 2014). Enterprise Resource Planning (ERP) system has been increased in using in developed countries by large companies, government corporations and in other different industries. And there is a wide adoption of Enterprise Resource Planning System (ERP) in organisational management to improve their performance and productivity (Otieno J, 2010). Recently different companies turning into the implementation of Enterprise Resource Planning System to improve performance, better service to the Customer’s response, efficient control in their accounting, supply chain and inventory management. ERP is a set of software module helps a company to their business aspects...
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...VENDOR: Oracle JD Edwards EnterpriseOne CASE STUDY: CUSTOMER: Radio Flyer LOCATION: Chicago, IL INDUSTRY: Consumer Goods ORACLE PRODUCTS & SERVICES: 1. Oracle JD Edwards EnterpriseOne 9.0 * Financials * Manufacturing Management * Transportation Management * Fulfillment Management * Sales Order Management * Advanced Pricing * Case Management 2. Demantra Demand Management 3. Oracle Accelerate for Midsize companies CUSTOMER BACKGROUND: Radio Flyer has been an American Classic for more than 95 years, creating a legacy of toys that continue to spark the imagination. Radio Flyer is a privately held company based in Chicago, IL, and is a leading wagon and trike maker in the industry. Since the creation of the Original Red Wagon that lent the company its name, the brand has expanded to create scooters, bikes, custom wagons, and other ride-on toys for imaginative play. Radio Flyer designs and manufactures more than 100 award-winning products, available in 25 countries. CHALLENGES: 1. ERP System Replacement: Replace a 15 year’s old ERP system with more scalable solution that supports growth of the company. 2. Integration of System: Integrate global operations into a single platform to streamline supply chain management. 3. Development of business models: Provide full-cycle supply chain visibility into a third-party and contract-manufacturing based business model. 4. Automated machinery: Automate financial drill-down...
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...mistake of considering it as a single big unit of similar attributes and needs or in other cases, seen little value in understanding the diversity of the country. They concentrated more on the well-off English speaking crowd of the country and never seen any true value in tapping the regional segments. FMCG, Education, Entertainment almost everyone else except IT has understood the value of tapping into the regional segments. This can be mainly attributed to the fact that IT was never meant for the Indian market. While other industries aimed to cater to local demand, IT was basically present as a supplier, catering to demand generated from the US and European countries. Also, the suppliers in other industries belonged to the same regional segment to which they catered to providing them a better understanding of the regional market. Most of our IT demand on the other hand is met by foreign players operating either in India or outside and from Indian players who have borrowed...
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...Proposed Solution In order to improve the company’s operation and survive from the weak market caused by Global Financial Crisis, lots of changes are needed to be implemented internally on the company’s structure and procedures and externally on the enforcement of the updated market strategy. Business Process architecture (BPA) defined as ‘body of knowledge about the business processes that comprise a value chain’ (Harmon, 2007) attempts to improve processes to ensure business effectiveness and efficiency. The key element of BPA is to define and segment value based processes and link the processes to the strategy. It can be divided into many levels and activity is the smallest process. As shown in the “To-be” diagram, the quick customer responsiveness and effectively resource utilization can be achieved using business process management. When customer places an order, the value is created. Then the order is received by the sales department via customer database and decided to approve or not. If approved, the order becomes an effective order sent to the next process by internal system. If not, it becomes a dead one and is terminated at the same time. Through inventory level, the production department can check the availability of the raw materials at once. If it is insufficient, the production department can purchase from the external supplier by online trade and shorten the preparation time of materials. If there is enough on hand, they can assemble and send the finished goods...
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...* What is the firm’s overall strategy and mission? (Please make this brief for time sake). Albemarle is a producer of high-quality generic and custom active pharmaceutical ingredients (API). * Which industry is the firm mainly focusing on? SHOULD BE KNOWN BASED ON THE FACT THAT THEY MANUFACTURE ACTIVE PHARMACEUTICAL INGREDIENTS Pharmaceutical Sector, specifically APIs (custom and generic) * Who are their customers? We supply large pharmaceutical companies, usually with well characterized generics. Also provide small molecule custom development for smaller clients looking to bring their developed molecule into a larger scale for clinical trials or commercialization stages. The specific customers Albemarle has is considered proprietary. * Who are their competitors? Other API manufacturers in both US and foreign markets. In most generics, we are not the only source producer. In some of the more custom work however there is less redundancy or competition for that particular drug substance. * In general terms, how big do you believe your market share is? It differs by material, but approximations are provided… * What are your greatest challenges? Weather? Driver Availability? Uniqueness of Product (volatile?) Competitors, Increasing FDA standards and scrutiny, the incoming quality and consistency of our incoming key raw materials and other raws, support from our contracted partners (testing labs and technical contractors), have some capacity constraints...
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...Factors influencing ERP implementation in manufacturing industries in India Introduction The global financial crisis provided an opportunity to many small and medium scale Indian enterprises to expand their business operations to other countries by acquiring businesses overseas. The crisis made many such companies change their way of conducting business by adopting sophisticated business practices. Such an initiative has taken them a step closer to their larger business conglomerates in terms of enhanced competitiveness and efficiencies. By implementing enterprise wide information technology (IT) solutions, Indian micro, small and medium scale enterprises (MSMEs) are giving themselves a chance to emerge as big players. This technology enhancement boosts their overall brand image amongst their export partners and increases their chance to grow bigger in the domestic market as well. ERP systems (a very popular form of enterprise-wide IT solution) are designed to achieve integration and streamlining of internal processes by providing a suite of software modules that cover all the functional areas of a business. However, increasingly we hear of the failure of ERP implementations (Davenport, 1998). The authors have studied MSME organizations in the manufacturing sector and have reported failure at ERP implementation. As a result, there has been expanded research focusing on the implementation process. Objective The purpose...
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...ERP for Retail Sector Presented By: Astha Priyamvada What is ERP? Enterprise Resource Planning systems or the ERP systems refer to the software packages that integrate all the data and the related processes of an organization into a unified Information System (IS). An ERP system uses a central database that holds all the data relating to the various system modules. In order to achieve a seamless integration, an ERP system uses multiple hardware and software components. ERP packages are heavily used by larger retail chains. Designed to facilitate the administration and optimization of internal business processes across an enterprise, ERP packages have become the competitive tool for most large retail organizations. An ERP software uses a single database that allows the different departments to communicate with each other through information sharing. ERP systems comprise of different modules such as order entry, purchase, sales, finances, inventory management, DRP (Distribution Resource Planning), human resources and budgeting software. The components are designed to work effortlessly with the rest of the system and provide a consistent user interface throughout the system. ERP software packages have an enterprise wide reach that offers cross-functional capabilities to the organization. The different functional departments involved in the operations or inventory processes are integrated into a single system. An ERP package takes care of the various business...
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