...Sinosteel Question 2. (1) Why did Sinosteel pursue the development of an ERP system? “The go-live of the ERP system is a major milestone in our efforts to deploy a modern management system. It is also a testament to the joint efforts and achievements of Sinosteel”, said Mr. Huang Tianwen, President of Sinosteel Corporation. With the ERP system, Sinosteel is able to deliver timely updates of accounting records and gain insights into underlying business transactions. The company can achieve synchronous flow of materials, funds and information; integrate its systems for human resources management and customer relationship management with its financial and operation management systems. (2) What were the objectives? SinoSteel Corporation uses Oracle ERP to strengthen its business management. To increase the management levels, to prevent all kind of risks, independence of operations and management, to optimize all resources assignments and human resources management are the objectives of Sinosteel. (3) What challenges (risks) does ERP address for Sinosteel? As the IT Manager said in the video “In the past, the costumer information was decentralized and controlled by sails and needy subsidiary company. These prove risk as there localized were delinquent costumers could all many to one needy subsidiary, all need an invoice be paid by another. Through CRM they could prevent this kind of thing happening again, they are sharing all costumers’ information.” During the implementation...
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...Can a person be too aggressive? There are many different roles when it comes to a job, and depending on the job that is being performed the job title differs. Tom Parker was a man that enjoyed working outdoors. He has had almost every job one can have when it comes to being outdoors. At the age of 43, he acquired a job with Artic Mining Consultants. With this new job he is responsible for hiring, training, and supervision field assistants for all of the programs. Many of the programs are operated by a project manager who then reports to Parker. On this specific job, himself and his field assistants had to stake a claim, the project team marks a line with flagging tape and blades along the perimeter of the claim, cutting the claim every 500 yards. The 15 claims would require almost 60 miles of line total. The men that were on the job were- John Talbot, Greg Boyce, and Brian Miller, all of which have previously worked with parker. Parker told the crew on the first night that if they got the job finished in a week they would all receive an additional 300 dollars. He told them that he knew that it would be hard work, but he knew they could do it. Each man would have to put up 7 and 1/2 lengths. To his surprise, some of the men could not hold up to that standard. They were only able to get up around 6 a day, if that. As many can probably tell, Parker was not a happy guy about all of that. So he screamed at them every night, telling them that they are pretty much useless and how one...
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...be paid by another. Trough CRM, this does not happen anymore. All customers information is now shared between subsidiaries. As in all other companies where resources must be gather from around the globe, and delivered at the right place, at the right time, efficient supply chain management is crucial. In order to enable it : have free flows of information internally, with ERP as a foundation of a supply chain management. Human resources management also benefited from the ERP : the company adopted global HR policies and standards. Employees personal and financial information are connected efficiently. HRMS has very positive results inside Sinosteel. Other clear advantages of Oracle : Oracle has advanced technologies, a relatively flexible platform, easy to administer. The Oracle ERP system delivers multiple benefits to Sinosteel : - Through the...
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...Case 3: Sinosteel strengthens business management with ERP 1. What is the business of Sinosteel, what are its major challenges, and how would an ERP system address the challenges they face? „h It has core business in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills. „h Maintenance of economic and technological cooperation with other nations and global companies and strengthen its global reach. As well as, along with other state enterprises, continue efforts to expand the global control over commodities-key, thus exclusivity to get stream in the provision that will ensure a steady stream of resources to the booming economy of China. „h They optimize management processes, standardize coding, regulations, etc. prevention of information risks, adapt industry processes and superior ownership expertise, centralize and unify the communication process, reports, accountancy, etc. 2. Why did Sinosteel pursue the development of an ERP system? What were the objectives? What challenges (risks) does ERP address for Sinosteel? [The CEO is difficult to understand on some of the objectives, but later in the video an IT manager is clearer and reflects the CEO¡¦s position almost exactly. You will need to listen carefully]. „h Because the need to consolidate management of diverse operations implementing the major enterprise...
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...Abstract This paper has the aim to deep understand the typical problems of the Corporate Governance of China's State-Owned Enterprises (SOEs) and how, during the years the role of the Chinese government is changed. In particular it will discusses Chinese corporate governance in this narrow sense and attempts to explain the political core function of Party Organization. Moreover it will analyze a real case: “Sinosteel Corporation”. This company was created and projected by the Chinese government with the aim to be the leader in its sector. Its corporate governance is deeply influenced by the party consequently by the Chinese government, which contributed to its establishment and growth through several government-subsidies. Key words: China’s SOEs, Governance Structure, the CCP organization, internal control mechanism, Sinosteel. Abbreviations: CCP, China Communist Party; SOEs, State-Owned Enterprises; CICSC, China Internal Control Standards Committee; SASAC, State-owned Assets Supervision and Administration Commission; PSC, Party Standing Committee; CPCC, China Party Central Committee; Introduction The definition of corporate governance in China refers to the system that regulates the multiple relationships between all the parties with interests in a business organization, typically underlying the shareholders as a predominantly important group. However in practise corporate governance focus mainly on the agency problems in particular within two kinds of firms. The...
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...Q1. What is the business of Sinosteel, what are its major challenges, and how would an ERP system address the challenges they face? Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources, trading and logistics raw materials and products, and it is also related engineering technical service and equipment manufacture. The company is decentralized (it has many subsidiaries), while its business is expanding all around the world. It has core business in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills. Maintenance of economic and technological cooperation with other nations and global companies and strengthen its global reach. As well as, along with other state enterprises, continue efforts to expand the global control over commodities-key, thus exclusivity to get stream in the provision that will ensure a steady stream of resources to the booming economy of China. Sinosteel has grown through the acquisition of hundreds of small companies, and many medium to large size companies. In the process, the company has inherited the information systems, accounting, customer, supplier, and human resource systems and policies of its many subsidiaries. ( There will be data inconsistency problems, the system can not integrate, cause the system to chaos) They optimize...
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...Question 1: Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources, trading and logistics raw materials and products, and it is also related engineering technical service and equipment manufacture. The company is decentralized (it has many subsidiaries), while its business is expanding all around the world. The main challenges for Sinosteel: - Improving and consolidating its management, overwhelming their lack of centralization. - Being more efficient, at the level of resources management, human resources management, and customers' relationship. How would the ERP System face these challenges The ERP would help face these challenges through changing the current system into one which now would have a common central database, meaning the internal management can be improved and optimized, by consolidating the information sharing: - Through the Supply Chain Management (SCM), a better and optimized management of resources (and so cost decrease) - Through the Customer Relationship Management, a higher customer satisfaction. 2) Why did Sinosteel pursue the development of an ERP system? What were the objectives? What challenges (risks) does ERP address for Sinosteel? The main goal was to consolidate the management existing in a decentralized corporate structure, and optimize the management processing in all core business functions. An ERP system improves the information sharing, so the management efficiency. The President...
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...1 Case Study : Sinosteel Strengthens Business Management with ERP Applications SUMMARY: China’s state owned strategic resources enterprise Sinosteel Corporation uses Oracle Enterprise Resource Management (ERP) to strengthen its business management and global reach. Case: Sinosteel Corporation (abbreviated as Sinosteel) is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 76 subsidiaries under the administration of Sinosteel, among which 53 are in China and 23 abroad, the revenue from core businesses reaches RMB 111 billion in 2008. Chinese currency is called the Renminbi (RMB), and it is currently trading at .146 US dollars in 2009. Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture. It is a large multinational enterprise with core businesses engaging in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills. Sinosteel is organized as decentralized, multi-business unit firm. Like most rapidly growing global firms, Sinosteel has grown through the acquisition of hundreds of small companies, and many medium to large size companies. In the...
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...CASE 1 ACHIEVING OPERATIONAL EXCELLENCE AND CUSTOMER INTIMACY: ENTERPRISE APPLICATIONS Sinosteel Strengthens Business Management with ERP Applications VIDEO CASE Systems Systems TAGS SUMMARY URL CASE Coordination of decentralized business units; centralization of business rules; data security; management decision making; real-time “enterprise wide” resource planning (ERP); collaboration; knowledge sharing. China’s state owned strategic resources enterprise Sinosteel Corporation uses Oracle Enterprise Resource Management (ERP) to strengthen its business management and global reach. L= 4:50. http://www.youtube.com/watch?v=j5rBGljckjw “Sinosteel Corporation (abbreviated as Sinosteel) is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 76 subsidiaries under the administration of Sinosteel, among which 53 are in China and 23 abroad. The revenue from core businesses reaches RMB 111 billion in 2008. Chinese currency is called the Renminbi (RMB), and it is currently trading at .146 US dollars in 2009. Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture. It is a large multicontinued CHAPTER 8 CASE 1 SINOSTEEL STRENGTHENS MANAGEMENT WITH ERP APPLICATIONS 2 national enterprise with core businesses...
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...Sinosteel Corporation is a central state owned enterprise, primarily in mining, trading, equipment manufacturing and engineering, under the supervision of the State-owned Assets Supervision and Administration Commission.. The company was founded in 1993 as China Iron & Steel Trade & Industry Group Corporation and changed its name to Sinosteel Corporation in August 2004. Sinosteel Corporation is based in Beijing, China. 1.What is the business of Sinosteel? What are its major challenges, and how would an ERP system address the challenges they face? Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources, trading and logistics raw materials and products, and it is related engineering technical service and equipment manufacture. The company is decentralized while its business is expanding all around the world. The main challenges for sinosteel : * Improving and consolidating its management, overwhelming their lack of centralization. * Being more efficient, at the level of resources management, human resource management and customers’ relationship. ERP system: I would like to say, thanks to a system of software modules and a common central database, the internal management can be improve and optimize, by consolidating the information sharing. * Throw the supply chain management [SCM], a batter and optimize management of resources. * Through the customer relationship management [CRM], a higher customer...
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...DRAFT Chinese Foreign Direct Investment in Australia: Policy Issues for the Resource Sector Peter Drysdale Crawford School of Economics and Government The Australian National University and Christopher Findlay School of Economics University of Adelaide Abstract The last nine months has seen Chinese foreign direct investment in the Australian resource sector become an issue of policy interest. There are two big questions that the prospects of a significant rise in foreign direct investment (FDI) from China into the Australian resources sector have raised. Is the surge of FDI into Australian mining and energy consistent with achieving the traditional gains from foreign investment? And are there any particular problems associated with investment from foreign state-owned enterprises or state managed sovereign wealth funds? These are among the questions addressed in this paper. The paper argues that there are no issues that cannot be dealt with under the umbrella of the established test of ‗national interest‘ in managing the growth of Chinese FDI into the Australian minerals sector. It argues that a confusion has been introduced into policy over the questions of state-ownership and supplier-buyer relations in respect of Chinese investments and that clarifying these issues is likely to be important to Australia‘s capturing the full benefits from the growth of Chinese resources demand and longer term economic and strategic interests in China. Paper for Presentation to Crawford...
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...ABSTRACT In the recent years China has been seen as a major competition in the international economic market. It has been replacing many western states as the top trading and investment partner in many African states, and for decades it has been one of Africa’s best friends, helping in the decolonization process and building key infrastructure projects on the continent. China has been providing many African governments with cheap loans in exchange for securing their means of accumulating natural resources based on the principle of non-intervention and respect for sovereignty, which gives no strings attached. For more than a decade, diplomatic relations between China and South Africa have been marked a great growing relationship between both states. From a period of no official ties to limited interaction between the South African and Chinese Governments, the relationship has subsequently developed to become one of the closest between African and Asian states. Growing economic engagement, which underpins the warm ties between the two states, has put South Africa amongst China’s top three trading partners on the continent. Moreover, China is an emerging market economy; with a fast track of being the next economic rising superpower in the world and its current relations between it and Africa continue to grow fast with foreign direct investment increasing thirty-fold between 2003 and 2011, from US$491m to US$14.7 billion. In 2012, China pledged US$20 billion of loans to Africa over...
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...MIS 12th Edition Video Matrix ONLINE EDITION Student Instructions: 1. Go to www.azimuth-interactive.com/MIS12. 2. Enter your school .edu email address. You must have a .edu mail account. 3. Press Submit. 4. Check your email for an activation link. 5. Click on the activation link. 6. Click on the video you want to view. Chapter Videos |Part One: Organizations, | | |Management and the Networked | | |Enterprise | | |Chapter 1: Information Systems in|(1) UPS Global Operations with the DIAD IV | |Global Business Today | | | |How IT drives the UPS operation worldwide. Using smart people and smart technology, UPS delivers over 14 million | | |packages daily to 200 countries and territories, requiring the talents of 70,000 drivers who are wirelessly connected| | |to UPS main databases located...
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...Chapter 9 Achieving Operational Excellence and Customer Intimacy: Enterprise Applications Video Cases Video Case 1a: What Is Workday: Enterprise Software as a Service (Saas) Video Case 1b: Workday: Mobile Solutions for iPad Video Case 2: Evolution Homecare Manages Patients with Microsoft CRM (2011) Video Case 3: Sinosteel Strengthens Business Management with ERP Applications (2008) Instructional Video 1: Zara’s: Wearing Today’s Fashions with Supply Chain Management 6.1 Copyright © 2014 Pearson Education publishing as Prentice Hall Management Information Systems, Global Edition Chapter 9: Achieving Operational Excellence and Customer Intimacy: Enterprise Applications LEARNING OBJECTIVES • Describe how businesses use enterprise systems to achieve operational excellence. • Explain how supply chain management systems coordinate planning, production, and logistics with suppliers. • Describe how customers relationship management systems help firms achieve customer intimacy. • Explain the challenges posed by enterprise applications. • Describe the new technologies used by enterprise applications. 9.2 Copyright © 2014 Pearson Education Management Information Systems, Global Edition Chapter 9: Achieving Operational Excellence and Customer Intimacy: Enterprise Applications Enterprise Systems • Enterprise Systems – Enterprise resource planning (ERP) systems – Suite of integrated software modules and a common central database – Collects ...
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...《财富》2011年世界500强排行榜（企业名单） 2011排名 | 2010排名 | 公司名称(中英文) | 营业收入(百万美元) | 利润(百万美元) | 国家 | | | | | | | 1 | 1 | 沃尔玛(Wal-Mart Stores) | 421,849 | 16,389 | 美国 | 2 | 2 | 荷兰皇家壳牌石油公司(Royal Dutch Shell) | 378,152 | 20,127 | 荷兰 | 3 | 3 | 埃克森美孚(Exxon Mobil) | 354,674 | 30,460 | 美国 | 4 | 4 | 英国石油公司(BP) | 308,928 | -3,719 | 英国 | 5 | 7 | 中国石油化工集团公司(Sinopec Group) | 273,421.9 | 7,628.7 | 中国 | 6 | 10 | 中国石油天然气集团公司(China National Petroleum) | 240,192.4 | 14,366.9 | 中国 | 7 | 8 | 国家电网公司(State Grid) | 226,294 | 4,556.1 | 中国 | 8 | 5 | 丰田汽车公司(Toyota Motor) | 221,760.2 | 4,765.7 | 日本 | 9 | 6 | 日本邮政控股公司(Japan Post Holdings) | 203,958.1 | 4,891.2 | 日本 | 10 | 11 | 雪佛龙(Chevron) | 196,337 | 19,024 | 美国 | 11 | 14 | 道达尔公司(Total) | 186,055 | 14,000.9 | 法国 | 12 | 17 | 康菲石油公司(Conocophillips) | 184,966 | 11,358 | 美国 | 13 | 16 | 大众公司(Volkswagen) | 168,041 | 9,052.7 | 德国 | 14 | 9 | 安盛(AXA) | 162,235.9 | 3,640.9 | 法国 | 15 | 270 | 房利美(Fannie Mae) | 153,825 | -14,014 | 美国 | 16 | 13 | 通用电气公司(General Electric) | 151,628 | 11,644 | 美国 | 17 | 12 | 荷兰国际集团(Ing Group) | 147,052.2 | 3,678 | 荷兰 | 18 | . | 嘉能可国际(Glencore International) | 144,978 | 1,291 | 瑞士 | 19 | 28 | 伯克希尔－哈撒韦公司(Berkshire Hathaway) | 136,185 | 12,967 | 美国 | 20 | 38 | 通用汽车公司(General Motors) | 135,592 | 6,172 | 美国 | 21 | 15 | 美国银行(Bank Of America Corp.) | 134,194 | -2,238 | 美国 | 22 | 32 | 三星电子(Samsung Electronics) | 133,780.5 | 13,668.7 | 韩国 | 23 | 24 | 埃尼石油公司(Eni) | 131,756 | 8,367.9 | 意大利 | 24 | 30 | 戴姆勒(Daimler)...
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