Group Members:-Ramneet Kaur Sahota Ramin Behzad kye

ERP

is a process of managing all resources and their use in the entire enterprise in a coordinated manner Support business through optimizing, maintaining, and tracking business functions Can be broken down into business processes/modules

HRM Distribution Financials Manufacturing

 Common

set of data Help in integrating applications for decision making and planning Allow departments to talk to each other Easy to integrate by using processed built into ERP software A way to force Business Process Reengineering

 One

common system less duplication more efficient Customer focus-better customer service Open communications among business partners

 High

cost Forced change of processes Very complex software Lack of trained people

Tool Name SAP R/3 Oracle e-Business Suite JD Edwards EnterpriseOne & JD Edwards World PeopleSoft MicroSoft Dynamics Lawson Financials Sage MAS 500 NetERP Visual Enterprise Agresso Business World Epicor Enterprise IFS Applications MFG/PRO Ramco e.Applications

Company Name SAP Oracle Corporation Oracle Corporation Oracle Corporation MicroSoft Corporation Lawson Software Sage Group NetSuite Infor Global Solutions Unit 4 Agresso Epicor Industrial and Financial Systems QAD Ramco Systems

SAP, started in 1972 by five former IBM employees in Mannheim, Germany, states that it is the world's largest inter-enterprise software company and the world's fourth-largest independent Software supplier, overall.
The original SAP idea was to provide customers with the ability to interact with a common corporate database for a comprehensive range of applications. Gradually, the applications have been assembled and today many corporations, including IBM and Microsoft , are using SAP products to run their own businesses SAP applications, built around their latest R/3system, provide the capability to manage financial, asset, and cost accounting, production operations and materials, personnel, plants, and archived documents. The R/3 system runs on a number of platforms including Windows 2000and uses the client serve model. The latest version of R/3 includes a comprehensive Internet-enabled package As of January 2007, SAP, a publicly traded company, had over 38,4000 employees in over 50 countries, and more than 36,200 customers around the world.

Globalization Era
Fierce competition Market expansion Rising customer expectations in the dynamic business environment Competitors continuously upgrade their capabilities to stay competitive. This intensifies the firms need to lower total cost and provides better customer service over their competitors It is crucial to develop strategies on information systems (IT) in order to overcome the complexities of global businesses Root out volatilities and disruptions in the supply chain, so as to grasp the competitive advantage over other industry players IT is the main enablers for the firms to achieve competitive edge by reducing operating costs, increasing productivity, and improving customer services

Inter Firm supports communication between firms among different parties

Intra Firm Spans internal functional boundaries and facilitate the collaboration of different activities within a firm eg:- ERP ( captures, stores, and transmits information to the right people at the right time)

 Encompasses

all functions and departments within the firm; Enhances the interdepartmental cooperation and coordination because of the firm database in which all business transactions are entered, recorded, processed, monitored, and reported. ERP can facilitate the firms to accomplish their objectives of enhanced communication and responsiveness to all stakeholders.

 Implementing

ERP should not be seen as purchase decision but moreover a business investment, much like investing in the building of a warehouse or new plant. (i.e. Asset creation)

Let's say that I currently have 10 Lakh Rupees lying around doing nothing. What to do with it? Keep the cash As I like the smell and texture of my crisp new notes I could do this. Maybe even stuff it in or under my mattress. The problem with this, other than the obviously lumpy matters, is that my 10 Lakh Rupees just will not be worth the same in lets say a years time. So why is that? Well, things tend to get more and more expensive as time goes by this is known as INFLATION. So if we say that inflation rate currently is at 8% my cash would be worth R80 000(1,000,000 x 8%) less in a years time.

 If

we are neither optimistic nor pessimistic and believe that inflation will remain at its current level for the next few years the value of my money would decrease like so:

Not

a pretty sight

 Now

if I use the same money in ERP system lets see the results

Streamlining processes and workflows with a single integrated system. Reduce redundant data entry and processes and in other hand it shares information across the department. Establish uniform processes that are based on recognized best business practices Improved workflow and efficiency Improved customer satisfaction based on improved on-time delivery, increased quality, shortened delivery times Reduced inventory costs resulting from better planning, tracking and forecasting of requirements Turn collections faster based on better visibility into accounts and fewer billing and/or delivery errors Decrease in vendor pricing by taking better advantage of quantity breaks and tracking vendor performance Track actual costs of activities and perform activity based costing Provide a consolidated picture of sales, inventory and receivables

ERP Competitive Advantage and longer staying power in the business

Thank You