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Thus Enterprise Resource planning is a method of effective planning of all the resources in an organization
1. Definition and Analysis Hold discussions with various functional personnel to establish the actual number of systems operating at client site, what they are used for, why and how often Produce the Project Scoping Document outlining current situation, proposed solution and budgeted time Challenge : REQUISITE EXPERTISE - No two clients are the same 2. Design Prepare various functional reports - specifies current scenario and wish list Prepare Design document which specifies how the system is going to work Prepare test scripts to be followed on system testing Map out the interface paths to various modules Challenge : INFORMATION SHARING - Availability of staff 3. Build Configure system as per set up document specifications i.e. transfer conceptual model into reality Test system to verify accuracy (preliminary tests) Challenge : TECHNICAL ENVIRONMENT - System functionality 4. Transition Train users on their specific areas Assist in test data compilation and system testing by users Finalise the Live system and captured opening balances Challenge : USER RESISTANCE Understanding and acceptance data preparation 5. Production Official hand holding Effectiveness assessment Business and Technical Direction recommendations
Asset management refers to the professional management of investments such as stocks and bonds, along with real estate . Typically, asset management is only practiced by the very wealthy, as the services of a professional firm can demand considerable sums of money, and successful asset management usually requires a large and diverse portfolio.
quality management has a specific meaning within many business sectors. This specific definition, which does not aim to assure 'good quality' by the more general definition, but rather to ensure that an organization or product is consistent
financial accounting A field of accounting that treats money as a means of measuring economic performance instead of as a factor of production . It encompasses the entire system of monitoring and control of money as it flows in and out of an organization as assets and liabilities , and revenues and expenses . controlling The basic management function of (1) establishing benchmarks or standards, (2) comparing actual performance against them, and (3) taking corrective action , if required . Investment management A generic term that most commonly refers to the buying and selling of investments within a portfolio. Cash management is a broad term that refers to the collection, concentration, and disbursement of cash.
production management The job of coordinating and controlling the activities required to make a product , typically involving effective control of scheduling , cost , performance , quality , and waste requirements .
Sales is sales! It's converting an inquiry or lead into a contract or shipment. Sales is not market research, business development or advertising. Marketing is finding out what people want, why they want it and how much they’ll spend. Don't confuse marketing with advertising.
Human resource management ( HRM , or simply HR ) is the management of an organization 's workforce , or human resources . It is responsible for the attraction , selection , training , assessment , and rewarding of employees, while also overseeing organizational leadership and culture , and ensuring compliance with employment and labor laws .
THE ERP Presenter’sAmany farounReham HararahManal Al-NablsiLeen Al-Khayat Submitted To: Dr.Mohammad Obeidat
Agenda•Full definition of ERP system•Goal of ERP•Why ERP?•Steps to implement an ERP system•Difficulty of implementation•Offices before and after ERP•The ERP Modules•Advantages & disadvantages of ERP•Costs of ERP•Conclusion
What is ERP ?..E..An Enterprise is a group of people with a common goal, which has certain resources at its disposal to achieve that goal...R..Resources included are money, and all other things that are required to run the enterprise...P..Planning is done to ensure that nothing goes wrong.
In general ERP is :“a business strategy and set of industry-domain-specific applications that build customerand shareholder communities value networksystem by enabling and optimizing enterpriseand inter-enterprise collaborative operationaland financial processes”(Source: Gartner’s Research NoteSPA-12-0420).
Goal of ERPThe goal of our enterprise is simply to get, keep, and grow customers.GET• Acquire profitable customersKEEP• Retain profitable customers longer.• Win back profitable customers• Eliminate unprofitable customersGROW• Up sell additional products in a solution• Cross sell other products to customers• Reduce service and operations cost.
Why ERP?•ERP offers solutions for allbusiness functions•Packages available fororganizations of all sizes andtypes•Global nature (multicurrency)
Steps to implement an ERP system :Definition and production analysis design transaction build
Difficulty of implementation•Very complex•Extremely costly and time intensiveTypical: over $10,000,000 and over ayear to implement•Company may implement only certainmodules of entire ERP system•You will need an outside consultant
Sales & Marketing•Developing strategies for market penetration for new productsas well as increasing the share of the existing products.• Reviewing & interpreting the competition & market information to fine-tune strategies.• Selecting & deciding the right distribution channel for the product& implementing the right pricing & promotional policies.• Coordinating marketing activities, obtaining leads for new projects ERP modules
Advantages of ERP • Integration • Efficiency • Cost reduction • Less personnel • Accuracy Disadvantages • Take time to implement • Security issues
Costs of ERP• Direct costs..hardware.. Software..and people on the project• Indirect costs..the total cycle life of ERP..maintenance and upgrades..increasing salaries and the on going production
Conclusion•To successfully implement; a propermix of people, processes andtechnology should be maintained• Technology is an enabler, not thedriver (it is there to assist theorganization to achieve businessgoals)