...ASSIGNMENT 1 BEST OF BREED versus ERP SYSTEMS (BCO6603) PRESENTED BY JOHN SMITH Student ID: 1234567 Victoria University Assignment 1: Management Report 1234567 John Smith 1 Introduction Making decision of what to select between “best of breed” and Enterprise Resource Planning (ERP) systems are never easy. There are many controversy or chaos issues surrounds this thought and debate. Which one is better? What factors need to be considered? This paper will address the difference between “best of breed” and ERP System that needs to be considered, such as the definition, advantages and disadvantages each of them. “Best Of Breed” System “Best of Breed” is a collection of different applications from different vendors that used in an organisation to run a business (Leahy 2004). Typically, the “best of breed” vendors are focused on a single application. Thus, they have more knowledgeable and able to produce a richer set of functionality (Thompson 2003). Advantages According to Carroll (2002) and Montgomery (2003), the advantages of using the “best of breed” are; Produce a richer set of functionality from particular application for each business area. Flexibility to substitute of individual element in the application without major reconstruction to the system. Getting response faster from the vendor to adopt and create new function as the vendor is specialising in particular system application. Assignment 1: Management Report 1234567 John Smith 2 Disadvantages ...
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...ASSIGNMENT 1 BEST OF BREED versus ERP SYSTEMS (BCO6603) PRESENTED BY JOHN SMITH Student ID: 1234567 Victoria University Assignment 1: Management Report Introduction Making decision of what to select between “best of breed” and Enterprise Resource Planning (ERP) systems are never easy. There are many controversy or chaos issues surrounds this thought and debate. Which one is better? What factors need to be considered? This paper will address the difference between “best of breed” and ERP System that needs to be considered, such as the definition, advantages and disadvantages each of them. “Best Of Breed” System “Best of Breed” is a collection of different applications from different vendors that used in an organisation to run a business (Leahy 2004). Typically, the “best of breed” vendors are focused on a single application. Thus, they have more knowledgeable and able to produce a richer set of functionality (Thompson 2003). Advantages According to Carroll (2002) and Montgomery (2003), the advantages of using the “best of breed” are; Produce a richer set of functionality from particular application for each business area. Flexibility to substitute of individual element in the application without major reconstruction to the system. Getting response faster from the vendor to adopt and create new function as the vendor is specialising in particular system application. 1234567 John Smith 1 Assignment 1: Management Report Disadvantages Montgomery (2003)...
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...Background: The topic of selecting an Enterprise Resource Planning (ERP) Recruitment Solution vs. a Best in Breed (BoB) Talent Acquisition Solution is very common these days, especially as companies look to reduce costs, while competing and ultimately winning the “War for Talent”. The purpose of this document is to compare and contrast the benefits of each approach, using examples and quotes from individuals who have experienced both types of implementations and finally, to offer thoughts and questions that must be considered when making this decision. Best of Breed Talent Acquisition ERP Recruitment Solution Pros Cons Pros Cons Historically better functionality, more comprehensively meeting business requirements, configurability, and compliance Lesser functionality; playing “catch up” to BoB vendors (some ERP products still have no Career Hosting functionality, are not available as an ASP, offer no Job Agent technology, candidate prescreening, etc.) Requires interfaces to disparate HR systems/components Integration with HR/Payroll components, e.g. eferral payment processing integrated with payroll, on-boarding, etc Integration points & functionality still required for background checking, job posting services, assessment services, tax credit services, etc. Vendor focus & expertise. Dedicated resources to evolving the product. Dealing with a single vendor. Talent Acquisition not focus of development resources and R&D investment Implementation/updates/upgrades...
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...1. I vs T 1. Information Technology revolution was mainly focusing on Technology till now. The next revolution will be concentrating on the meaning of Information and its usage. 2. Once the Actionable Information is available, the management process should use it and Act. 3. Information should be used to redefine the tasks the decision process will be greatly improved. Example: Dell used the “INFORMATION” very well in its IT systems and obtained a competitive advantage. 2. Operational Systems and Analytical systems Factor Operational Systems Analytical Systems Usage Definitely need to be used. Carry ‘bread and butter’ operations of the company Not mandatory to be used. Enable employees to do the job better Cost Fixed cost. Cost is justifiable. No ROI The ROI is zero if system is not used Requirements Requirements are well defined Very fuzzy requirements Importance Efficiency is the top most (measurable) Effectiveness is the top most (not measurable) Data type Internal, hard data(historical) External, soft data(future) Data quality Complete. Timely. 100% accurate For what decisions, the data is going to be used? Balance quality of data with cost. Satisficing data is enough. Design process Waterfall Spiral Implementation Full scale at first go-live Evolves due to changes in environment. Implementation will not be completed. User responsibility End users of an agreed system Analytical systems are owned and driven by users. Example Credit card Transaction processing...
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...one end and customers on the other. * Includes systems that are: * internal to an individual company * external which facilitate information transfer between various companies and individuals Questions * What is the impact of business process change on IT implementation? * What are the goals of IT from the perspective of supply chain management? * What IT components are needed to achieve the goals of supply chain management? * What are the supply chain component systems and how should they be approached? * What are decision support systems and how do they support supply chain management? * What criteria should be used to select decision support systems? * What drives the selection of best of breed systems? 14.2 The Importance of Business Processes * Recent study by MIT, PRTM and SAP * Companies that invest mostly in business processes do better than those who invest in IT only and lack the appropriate business processes. * Investments only in technology without the appropriate business processes lead to negative returns. Challenges * Identify measures to characterize supply chain effectiveness * KPIs and SCOR Model are objective ways * Develop measures to characterize the level of maturity of the business process and the information technology employed by the company * Much more difficult because of variations across companies Characteristics of the Level of Business Maturity * Based...
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...paper will demonstrate the creation and process steps of what the ALT formulated based on the PIP discoveries. Inquiry Phase PB Family The PB family is made up of six facilities across the globe and is the third largest gelatin manufacturer in the world. Each PB facility thrives on creating value for customers at competitive prices and is committed to achieving the highest standards of product safety and quality. There are high expectations of close cooperation with customers while offering the necessary technical support to jointly search for solutions that fit customers’ needs in terms of product applications and technology. Possible Improvement Points within PB Each site was initially using its own Enterprise Resource Planning (ERP) system, which resulted in each site’s operations tracking financial and operational performance differently. As each individual company profits inversely based on its geographical market, economy, and availability of raw materials, there is one key issue that fails to meet organizational standards and that is corporate programming. This key issue is rendering operations and the administration from adhering to organizational...
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...resource planning (ERP) is a business management software—usually a suite of integrated applications—that a company can use to collect, store, manage and interpret data from many business activities, including:- Product planning, cost and development Manufacturing or service delivery Marketing and sales Inventory management Shipping and payment ERP provides an integrated view of core business processes, often in real-time, using common databases maintained by a database management system. ERP systems track business resources—cash, raw materials, production capacity—and the status of business commitments: orders, purchase orders, and payroll. The applications that make up the system share data across the various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data.[1] ERP facilitates information flow between all business functions, and manages connections to outside stakeholders.[2] Enterprise system software is a multi-billion dollar industry that produces components that support a variety of business functions. IT investments have become the largest category of capital expenditure in United States-based businesses over the past decade. Though early ERP systems focused on large enterprises, smaller enterprises increasingly use ERP systems.[3] The ERP system is considered a vital organizational tool because it integrates varied organizational systems and facilitates error-free transactions and production. However, ERP system development...
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... CHAPTER OBJECTIVES 1. Develop an understanding of how ERP systems can improve the effectiveness of information systems in organizations. 2. Understand the business benefits of enterprise resource planning (ERP) systems. 3. Understand the history and evolution of ERP. CHAPTER OUTLINE 1. A Foundation for Understanding Enterprise Resource Planning Systems a. The Emergence of Enterprise Resource Planning Systems 1. What is ERP? 2. The Evolution of ERP 3. The Integrated Systems Approach b. Business Benefits of ERP c. ERP Modules d. ERP Design Alternatives e. The Business Case for ERP 1. Cost-Benefit Analysis for ERP 2. Can ERP Provide a Competitive Advantage? f. The Challenge of Implementing an ERP System g. Summary ANSWERS TO END-OF-CHAPTER QUESTIONS Questions for Discussion: 1. Use on-line library databases to identify articles in trade publications which provide case studies of ERP implementations. These articles may provide some insight into each of these questions. a. How widespread is the use of ERP across certain industries? b. What are the benefits reported from implementing ERP? c. What are its limitations? 2. Research and learn about the implementation of ERP. Use trade publications and on-line library databases (e.g. ABI Inform, ProQuest, First Search, Wilson Select Plus, available through your library) to conduct a search for articles. a. Find a success story of ERP implementation. What factors contributed to the success of...
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...– B2C – link businesses with their end consumers – B2B – link businesses with other business customers or suppliers • Electronic data interchange (EDI) systems 2 APPLICATION AREAS Intraorganizational systems 3 APPLICATION AREAS Intraorganizational systems (cont’d) 4 CRITICAL CONCEPTS Batch processing • A group (or batch) of transactions are accumulated, then processed all at one time 5 CRITICAL CONCEPTS Batch processing (cont’d) • In the early days of computers, all processes were batched • Major problem is the time delay before the master file is updated 6 CRITICAL CONCEPTS Online processing • Each transaction is entered directly into computer when it occurs 7 CRITICAL CONCEPTS Batch processing vs. Online processing • Significant delay before master • Master file updated within a file is updated (usually 1 day) fraction of a second • Much less expensive to operate • Much more expensive to operate Batch Processing Online Processing • Some applications naturally suited for batch processing (e.g., payroll) • Some applications need to be processed in real time Note: given the tradeoffs, hybrid systems that combine online data entry with batch processing are very common 8 CRITICAL CONCEPTS Online processing 9 CRITICAL CONCEPTS Functional information systems • Information systems that support one of an organization’s primary business functions Example Business Functions and Subsystems Marketing Accounting Production...
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...Review for ERP/Systems Integration & Administration Lec. Dr. Abdullatif Ghallab ghallab@gmail.com أسئلة للمراجعة قبل امتحان نصف الفصل الدراسي الثاني – للعام الجامعي 5102-6102م اسم المقرر: تخطيط موارد المؤسسة/تكامل وإدارة النظم TYPES OF QUESTIONS A. END-OF-CHAPTER QUESTIONS B. ESSAY QUESTIONS C. DISCUSSION QUESTIONS D. CASE QUESTIONS E. TRUE & FALSE QUESTIONS F. MULTIPLE CHOICES QUESTIONS CH1 X X √ CH3 X X √ √ CH4 √ √ √ X X X X X X √ √ √ 1 CH2 X √ X √ √ Review for ERP/Systems Integration & Administration Lec. Dr. Abdullatif Ghallab ghallab@gmail.com CH01- INTRODUCTION TO ENTERPRISE SYSTEMS FOR MANAGEMENT A. DISCUSSION QUESTIONS 1. Refer to the Hershey case. What were the goals and details of the Enterprise 21 project? 1. 2. 3. 4. 5. 2. Establish a single supply chain across all divisions. Streamline all business processes by reengineering them across all functional areas. Increase the gross margin and maintain sales growth. Save $75 – 80 million through corporate restructuring and closing of older distribution sites. Fix their Y2K problem and replace existing mainframe environment. Refer to the Hershey case. What were some of the key problems that Hershey encountered when choosing, integrating and implementing their new ERP system? The implementation of the ERP for Hershey was beset with difficulties due to a number of failures: a. Project management issues...
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...ICMR Case Collection C op y ICFAI Center for Management Research N OPER 049 ot SCM and ERP Software Implementation at Nike – From Failure to Success D o This case was written by Ruchi N. Chaturvedi, under the direction of Vivek Gupta, ICFAI Center for Management Research (ICMR). It was compiled from published sources, and is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. 2005, ICFAI Center for Management Research. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means- electronic or mechanical, without permission. To order copies, call 0091-40-2343-0462/63/64 or write to ICFAI Center for Management Research, Plot # 49, Nagarjuna Hills, Hyderabad 500 082, India or email icmr@icfai.org. Website: www.icmrindia.org OPER/049 SCM AND ERP SOFTWARE IMPLEMENTATION AT NIKE – FROM FAILURE TO SUCCESS “We became a poster child for failed implementations.”1 - Roland Wolfram, Vice-president - Global Operations, Nike Corporation, commenting on the i2 software implementation failure in 2000. op y “The lesson of Nike’s failure and subsequent rebound lies in the fact that it had a sound business plan that was widely understood and accepted at every level of the company. Given that resiliency it afforded the company, in the...
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...Extract from the Book “ERP Demystified” by Alexis Leon, Publisher: Tata Mc Graw Hill Publishing Co-2008 edition ( by Dileep Kumar, Secretary, Association of Knowledge Workers, Lucknow ) Part 1: Introduction: 1. What is an Enterprise? An enterprise is a group of people with a common goal, which has certain resources at its disposal to achieve this goal. In traditional approach , the organization is divided into different nits based on the functions they perform. These departments function in isolation and have their own systems of data collection and analysis. In enterprise way the entire organization is considered a system and all departments are its sub system, each sub system knows what others are doing , why they are doing and what should be done to move the company towards common goal. If the information that is generated is accurate, timely and relevant, then the systems will go a long way in helping the organization to realize its goals What is ERP? ERP integrates the information system of an organization and automates most of the functions. The activities supported by ERP system include all core functions of an organization, including financial management, human resource management, and operations. Increasingly, ERP vendors are offering “bolt-on” products , such as business Intelligence (BI), Product Life Cycle Management (PLM), Advance Planning and Scheduling (APS),Customer Relationship Management, Supply Chain Management etc Why ERP ? Today having an ERP is not a luxury,...
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...Chapter 1 SCM takes into consideration every facility, its objective is to be efficient and cost effective, it encompasses activities at many levels, and provides competitive advantage. System approach – system-wide strategy minimizing costs over the entire supply chain Challenge of SCM: 1. Strategies cannot be determined in isolation. 2. Minimize cost while maintaining system-wide service levels. 3. Uncertainty and risk Global optimization is complex because facilities are dispersed over a large area, different facilities have different goals, it’s a dynamic system; changes over time due to changing business and customer environment, seasonal fluctuations, competitors, trends, etc. Sources of uncertainty: lead-time, demand, transportation times, component availability, etc. Approaches to manage risk: 1. Build redundancy 2. Use info to better sense and respond to disruptions 3. Incorporate flexibility 4. Improve supply chain processes to including risk assessment measures Building blocks in effective supply chain: strategic partnerships, info sharing, outsourcing, e-business. Strategic issues – deal with long term goals (number, location, capacity of facilities) Tactical issues – quarterly/yearly basis (transportation, purchasing, inventory policies) Operational – day-to-day (truck-loading, scheduling, lead-time quotations) Supply chain disruptions: * Part shortages * Roll-out problems * Order change by customers ...
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...Cloud Computing Service for all most everything | Submitted To:Dr. Richard EganSubmitted By:Team 2 | Table of Contents Cloud computing 2 Introduction 2 Definition of Cloud Computing 3 Services Models of cloud computing 4 Software as a Service (SaaS): 4 Platform as a Service (PaaS): 5 Infrastructure as a Service (IaaS): 5 Deployment Model of cloud computing 5 Public Cloud: 5 Private Cloud: 6 Community Cloud: 6 Hybrid Cloud: 6 Challenges of cloud computing 7 Benefits 7 Implementation Plan 9 How Does Data Stay Safe in the Cloud? 9 Are your applications ready to run on cloud? 9 Will you able to receive customer support for the service? 10 Client considerations for Best Practices during Implementation and Deployment 10 Implementation Strategy 10 Cloud architecture: 10 Market Analysis 11 Important Questions to be address by management 11 Implementation Cycle 12 References (Author, Year) 14 Cloud computing Introduction Whenever technology changed or company move to new business plan, it costs them and many of these companies cannot afford in current economic environment. And most of the time all the investments are not useful at the same time. They wish to “pay for what they use” services and use their efforts and money in main business to add value to it. So these challenges and expectations cause the born of cloud computing.Cloud Computing provides a simple, economicaland efficient way to access servers, storage, databases and a broad set of application...
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...Planning and Developing an IT Hardware Strategy utilizing virtualized hardware. MIS535 Management Applications of Information Technology Table of Contents Abstract 3 Brief Company Background 4 Discussion of Business Problem 5 High Level Solution 6 Benefits 8 Conclusions and Overall Recommendations 11 Summary 13 Abstract Corporate users of technology use a variety of technologies to get their work done. Over the last three decades, companies that create and manage data have implemented a wide variety of disparate computers systems, each slightly different. This makes maintaining these environments expensive and troublesome to expand and maintain. A potential solution to this multi-platform server sprawl is to consolidate from many to a few computing platforms. Once the application software is ported to these new platforms, we can begin to virtualize hardware. These are the prerequisites for cloud computing. This plan addresses these concerns in my current place of employment which has been experiencing this problem for over a decade. Based on industry publications and communications with my peers, it appears that many companies are experiencing these types of issues. The recession of 2007-2008 has been very difficult for IT firms. We’re doing more with less and it appears that the budgets won’t be significantly increasing for some time. ...
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