...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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...Retail Enterprise Resource Planning 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 function-specific components that are designed to interact with the other modules such as the Order Entry, Accounts Payable, Accounts Receivable, Purchasing, Distribution etc. ERP systems comprise of different modules such as order entry, purchase, sales, finances, inventory management, DRP (Distribution Resource Planning) and human resources. 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...
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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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...A BUSINESS CASE FOR TRANSFORMING RETAIL IT WHITE PAPER CONTENTS 1 Executive Summary 2 Background 4 The IT Delivery Model 9 Conclusions 10 About Logic 11 About the Author EXECUTIVE SUMMARY In today’s retail business market, the challenge of delivering The amount of consolidation in the ERP vendor space and supporting a consistent and comprehensive set of has gone beyond most everyone’s predictions. There are application solutions across the enterprise has become fewer ERP solution providers today than there were ten overwhelming and can be quite costly. The complexity of years ago and the larger ERP solution providers have the technologies demands specialized talent to select, dramatically expanded their base retail offerings with deploy and support these solutions. In retail this has critical acquisitions in POS, Ecommerce, CRM, Order served to redirect the focus of many IT organizations Management and Business Intelligence. Today, there away from the activities that are most important to are only a handful of ERP solution providers with the the retail business: product development, supply chain breadth and maturity of offerings adequate to run most management and customer selling. Instead, these IT retail operations. organizations are focused on managing the “infrastructure” end of the retail solution delivery stack and dedicating enormous amounts of discretionary...
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...Situation 3 Business Situation 3 IT situation 3 Problem Statement 4 Proposed solutions and alternatives 4 Overview 4 ERP 6 Supply Chain Management Software 7 CRM 7 Data Warehouse 8 Localized upgrades 8 Comparative study 9 Ideal Infrastructure 10 Recommendations 11 References …………………………………………………………………………………………………………………………….. 13 Executive Summary Vermont Teddy Bears is a private company that specializes in the manufacture of novelty items based on an e-commerce business model. Company management aims to generate new revenue streams through modifications to the retail system and the underlying IT infrastructure. The current IT infrastructure is robust enough and can handle peak times, but is constituted of an amalgamation of off-the-shelf software and home developed middleware with no comprehensive documentation available. The company CIO is studying four plans to upgrade the existing infrastructure, replacing legacy systems with an ERP, implementing a CRM system, implementing an SCM system, and creating a data warehouse for business analytics purposed. Also proposed is a mix and match alternative whereas only the necessary upgrades are done. An ideal model for the VTB IT infrastructure is built and compared against the proposed alternatives. A final recommendation combining 2 alternatives with the objective of upgrading the retail system and providing data warehouse based business analytics is issued. Current Situation Business Situation Vermont...
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...Enterprise Resource Planning (ERP) Enterprise Resource Planning systems (ERP) “have become increasingly popular over the last 15 years” (Guest Editorial, 2006). ERPs are “comprehensive, packaged software solutions seeking to integrate the complete range of business’s processes and functions in order to present a holistic view of the business from a single information and IT architecture.” (Helmut Klaus, 2000). Basically, ERP systems communicate and transfer data between departments within a company. “Having these systems has been shown to positively influence the firm’s financial performance; and because they are amount the most sophisticated and complex that a firm will every implement, most firms employ consultants to help them in customizing and implementing the vendor-supplied system.” (King, 2005) There are several types of businesses that use ERP systems to communicate within their company. These types of business include manufacturers and big-box retailers. ERP can be utilized in a manufacturing company to keep communication lines open between purchasing and receiving, parts and labor, warehouse, accounting, and inventory control. ERP systems can also improve the quality of work. “Manufacturers are forced to implement standard procedures and maintain accurate data for the system to work effectively. According to a survey of operations and quality assurance managers by consulting firm TR Cutler Inc., ERP systems also help improve quality by providing a record...
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...Chapter 12 Question 11: briefly describe MRP II and closed-loop MRP. MRP II did not replace or improve MRP. Rather, it expanded the scope of materials planning to include capacity requirements planning, and to involve other functional areas of the organization such as marketing and finance in the planning process. Production, marketing, and finance personnel work toward developing a master production schedule. Although manufacturing people will have a major input in determining that schedule and a major responsibility for making it work, marketing and finance will also have important inputs and responsibilities. The rationale for having these functional areas work together is the increased likelihood of developing a plan that works and with which everyone can live. Moreover, because each of these functional areas has been involved in formulating the plan, they will have reasonably good knowledge of the plan and more reason to work toward achieving it Closed loop MRP: When MRP was introduced, it did not have the capability to assess the feasibility of a proposed plan (i.e., if sufficient capacity existed at every level to achieve the plan). Thus, there was no way of knowing before executing a proposed plan if it could be achieved, or after executing the plan if it had been achieved. Consequently, a new plan had to be developed each week. When MRP II systems began to include feedback loops, they were referred to as closed-loop MRP. Closed-loop MRP systems evaluate a proposed...
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...Huge INVESTMENT capacity * Biggest value retail chain in India * It offers a family shopping experience, where entire family can visit together. * Available facilities such as online booking and delivery of goods Weakness: * Unable to meet store opening targets on time * Falling revenue per sq ft * General perception: ‘Low price = Low quality’ * Overcrowded during offers * Long lines at billing counters which are time consuming * Limited only to value offering low price products. A no of branded products are still missing from Big Bazaar’s line of products. E.g. Jockey, Van heusen, Opportunity: * A lot of scope in Indian organized retail as it stands at approximately 4%. * Increasing mall culture in India. * More people these days prefer to visit big stores where they can find large variety under one roof Threats: * Competition from other value retail chains such as Shoprite, Reliance (Fresh and trends), Hypercity and D mart. * Unorganized retail also appears to be a threat to Big Bazaar’s business. A large population still prefers to visit local convenient stores for daily purchases * Changing Government policies * International players looking to foray India Functional area Sales forecasting Inventory management Visual Merchandizing Addition of new skus Compaign management Inbound logistics Other Type of DSS used in-house software /recently shifting to erp...
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...and every time you shop at Senheng stores. Senheng was first established in 1989, from a tiny consumer electronics half shop lot set up with stocks worth less than Ringgit Malaysia thirty thousands to the largest electronics chain store today with branches straddling the length and breadth of Malaysia. Helmed by the Lim brothers, K.H., K.C. and K.Y., Senheng has gained its reputation and credibility that has made it the number one in the industry through progressive, forward looking, and innovative touches. Over the past few years, Senheng has been through many changes. These changes were made to better serve the customers in line with the moving trend and fast pace technology. Chapter 2 – Information System used in Senheng Retail management System One of the main cores of Senheng...
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...Computer Information System Brief University of Phoenix Accounting Information Systems ACC 542 Jan 28, 2012 Computer Information System Brief Kudler Fine Foods a premier gourmet grocery store is considering the best methods to integrate technology into its business operations. Kudler currently has three store locations in southern California and is considering adding a fourth store in Carlsbad (Kudler Fine Foods Virtual Organization, 2011). Currently the organization uses Microsoft Retail Enterprise Management System (REMS), Quick Books, and Microsoft Excel for their software needs and has a system of microcomputers and server at each store. This brief will discuss an analysis of the company’s business and accounting information needs, the strengths, weaknesses, opportunities, and threats of the current computer system and technology use. Business and Accounting Information Uses The organization needs to record sales, transactions, human resources, and inventory data correctly and assist store managers in placing purchases order and efficiently using resources. The inventory system needs to be easily accessible and provide reports that would assist managers in minimizing inventory costs. Kudler needs to “…develop competitive strategies to counter the actions of the competitive forces they confront in the marketplace” (O’Brien & Marakas, 2008, p. 49). For future growth the business needs to explore the information system requirements to start the website for...
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...11/18/2015 ERP Systems Enterprise Resource Planning refers to the software that carries out the process of business management. This software is designed for use in large businesses as it requires a dedicated crew to analyze and customize data and upgrade deployment. It allows the company to make use of the integrated system applications to manage these businesses. ERP software operates in all the areas of an organization. These areas include development, planning, manufacturing, production as well as sales and marketing (Russell & Taylor III, 2014). Large scale manufacturing industries such as furniture businesses usually operate in complex processes to maintain and improve the flow of their manufacturing...
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...WHAT IS ERP? Enterprise resource planning (ERP) is a system that integrates planning, manufacturing, distribution, shipping, and accounting functions into a single system, designed to serve the needs of each different department within the enterprise. WHAT ARE THE ADVANTAGES OF ERP?? The fundamental benefit of ERP is that by integrating the myriad processes by which businesses operate, it saves time and expense. Decisions can be quicker and with fewer errors. Data is visible across the organization. Tasks that benefit from this integration include. ▪ Sales forecasting, which allows inventory optimization ▪ Order tracking, from acceptance through fulfillment ▪ Revenue tracking, from invoice through cash receipt ▪ Matching purchase orders (what was ordered), inventory receipts (what arrived), and costing (what the vendor invoiced) ERP systems centralize data. Benefits of this include: ▪ No synchronizing changes between multiple systems - consolidation of finance, marketing and sales, human resource, and manufacturing applications ▪ Enables standard product naming/coding. ▪ Provides comprehensive view of the enterprise (no "islands of information"). Makes real–time information available to management anywhere, anytime to make proper decisions. ▪ Protects sensitive data by consolidating multiple security systems into a single structure. WHICH ARE THE COMPANIES WHICH ARE USING ERP?? ➢ PrimeTech Software ➢ CD Tech Innovation pvt ltd ...
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...ACCELERATIONYour business depends on ERP and CRM applications, which means users need to be able to transact at the speed of business, from anywhere at any time. But users may be a long way from centralized business applications, which means they experience latency and delay. Our solutions accelerate the performance of ERP and CRM applications over WANs and in the cloud. The result: more productive business users, with the efficiencies of centralized and SaaS applications. | SCALABILITY AND CONTROLYour ERP and CRM systems require fault tolerance and scalability to meet high availability requirements, but user increasing volumes of users and other applications on the network make it challenging to deliver consistent performance. We provide control over user traffic and network resources to ensure business applications scale seamlessly in the data center and recieve adequate bandwidth on the network. The result: more consistent user experiences despite rapidly changing demand and network conditions. | VISIBILITY AND TROUBLESHOOTINGAs the backbone of technology-enabled business, ERP and CRM systems have complex interdependencies with numerous other applications and are considered mission-critical. Maintaining uptime and high performance is imperative, but complexity makes troubleshooting difficult. Our solutions The result: ERP and CRM applications that experience fewer and shorter incidents, as IT becomes more productive and proactive. | ERP & CRM applications Solutions for...
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...Total No. of Questions is 100. The minimum passing marks is 40%. Each Question carries 1 mark. Answer all the Questions. Multiple Choices: 1. Enterprise resource planning is_______ a) Computer System b) Manufacturing Organization c) Method of effective planning of all the resources in an organization d) None of the above 2. Enterprise resource planning vendors are those people_________ a) Who are experts in administration and management of project b) Who have developed the ERP package c) Who uses the ERP system d) None of the above 3. The objectives of ERP ____________ a) Provide support for all variations best business practices b) Enable implementation of these practices c) Empower the customer to modify the implemented business process d) All of the above 4. Which of the followings not the advantages of ERP________ a) ERP eliminates duplication of work b) Reduce overheads, lead type, cycle time and work in progress c) Customization of the ERP software is limited d) Help to achieve competitive advantage 5. EDI stands for__________________ a) Electronic digital interface b) Electronic data interchange c) Enterprise data interface d) None of these 6. A____________________ tool use to quickly develop quality database design by reusing commonly available data models which are applicable to the enterprises requirements and customizing the details for the application at hand. a) Integrated data model b) Integrated management...
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...sales and production area would be ideal as well, in order to track and keep record of what pieces sell the most, the increases in demand and so on. Also they may have wanted charts and graphs as records for years of sales, when the down season is, if there is one, and they could also have used a program to keep closer track on employees such as hours, dedication, evaluations and so on in order to better accommodate the hard workers. B) Enterprise wide systems are a great option. Organizations invest in the enterprise system software from vendors such as SAP, Oracle, PeopleSoft, and a few others in order to gain access to powerful, computer-based information. 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...
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