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ERP Implementation: Assignment No 1 By: Syed Hasan Ali Shah 02-111162-213 Bba 8
ERP Implementation: Assignment No 1 By: Syed Hasan Ali Shah 02-111162-213 Bba 8
Assignment no 1
By:
Syed Hasan Ali Shah
02-111162-213
BBA 8
Ques 1: What is ERP System and how it is different from currently running
software’s in the company?
Answer1:
An ERP system is a framework which consist of a single database which
interconnect all areas of an organization. Currently the company is using different
software’s for different departments and store information in their relative drives
and are only accessed by the department.
Ques 2: What is advantage of ERP system in your company?
Answer2:
The company is multi-national so they have to frequently transfer data around
different countries. It will give access to real time data anywhere in the world and
enhance long term decision making.
Ques 3: What impact ERP will have on your company and what business
process/ functional areas will be automated/ involved. What will happen if
company do not shift to ERP now?
Answer3:
An efficient ERP system can aid you in storing and collecting data into a singular
place from diverse facets such as:
1. Human Resources
2. Accounting and finance
3. Production Management
4. Warehouse Management
5. Inventory Management
5. E-Commerce
6. POS
7. Business Intelligence
8. Customer Relationship Management (CRM)
9. Supply Chain Management
Answer4:
Cost of ERP system depends upon different aspects like:
Size of the firm
Customization
Cloud or on premises
Hiring a consultant
Ordering from a vendor or hiring an IT division etc.
Ques 5: What human and other resources will be required?
Answer5:
The different types of resources required will be
Upper level management
Consultant
Project Manager
Users
Technical consultant
Vendor
Data integrity
Cloud storage Etc.
Ques 6: What approach of ERP development will be adopted?
Answer6:
There are two types of approaches
1. The Modular approach
2. The Big Bang
Modular approach seems a bit better as it reduces risks of the software failing.
Ques 7: What are risks/ challenges involved?
Answer7:
Any business is planning to implement ERP or upgrade the new one should be
mindful of:
All the risks associated with the recruitment and retention of IT/ERP Subject
Matter Expert professionals;
Insufficient training and reskilling;
Insufficient internal expertise;
Failure to mix internal and external expertise effectively;
Failure to keep to the standard specifications which the software supports;
Attempts to build bridges to legacy applications.
The risk of failure to redesign business processes and of following an
enterprise-wide design that supports data integration across the organization;
Answer8:
Focused IT Costs. Although ERP is often a large investment, it can unify your IT
costs and improve efficiency.
Total Visibility.
Improved Reporting and Planning
Complete Customization.
Improved Efficiency.
Customer Service.
Data Security and Quality
Improved Collaboration and Workflows. ETC.
Answer 10:
Some critical factors are:
Budget
Vendor selection
Managers commitment
Real needs and wants
Integration of different departments.