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Erp Failure Assignment

Erp Failure Assignment

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Published by Faizan Ahmad

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Published by: Faizan Ahmad on Sep 29, 2012
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11/30/2012

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Group AssignmentonERP FAILURE
Submitted By : (Group-2) Submitted To :Ram Naresh Singh Prof. Kapil Mohan GargRicha ChauhanShipra RajputArchana SinghFaizan Ahmed
 
ERP FAILURE
INTRODUCTION TO ERP
An ERP system is an integrated software solution, typically offered by a vendor as a package thatsupports the seamless integration of all the information flowing through a company, such as financial,accounting, human resources, supply chain, and customer information. ERP implementation is a lengthyand complex process, and there have been many cases of unsuccessful implementations, which havehad major impacts on business performance. As ERP plays a very important role in business, ERPimplementation and its critical issues, success factors and implementation problems have beeninvestigated in the past.
Why ERP is required ?
 
Business managers and boards demanding better returns from IT investments. So we have tohave a well known system.
 
There is concern over the generally increasing level of IT expenditure. We have to implementsuch a system with the lowest total cost of ownership.
 
The need for organizations to assess how they are performing against generally acceptedstandards and against their peers is essential.
 
We have no more time and money to re-invent the wheels.
 
We can control costs by reducing dependency on technology experts
 
We can increase the potential to utilize less-experienced staff if properly trained
 
We have to make it easier to leverage external assistance
 
There is a chance to overcome vertical silos and nonconforming behavior
 
Reducing risks and errors could save our survival
 
This system could help us to improve quality
 
 
Integrated systems help us to improving the ability to manage and monitor the enterprise
 
Costs reduction could be achieved by increasing standardization
 
We have to used of IT to optimize management of work and resources
 
There is a potential to reduce or eliminate non-value added work by reducing interfaces andhand offs
 
Jobs and roles can be enhanced via expanded information access. Integrated systems expandinformation access
The Advantages and Disadvantages of ERP
There are a number of powerful advantages to Enterprise Resource Planning. It has been used to solve anumber of problems that have plagued large organizations in the past. At the same time, it is notwithout a number of disadvantages. Being able to weigh the two will allow a company to decide if thissolution will properly meet their needs.
Advantages of ERP:
In the absence of an ERP system, a large manufacturer may find itself with many software applicationsthat do not talk to each other and do not effectively interface. Tasks that need to interface with oneanother may involve:
design engineering (how to best make the product)
order tracking from acceptance through fulfillment
the revenue cycle from invoice through cash receipt
managing interdependencies of complex Bill of Materials
tracking the 3-way match between Purchase orders (what was ordered), Inventory receipts(what arrived), and costing(what the vendor invoiced)
the Accounting for all of these tasks, tracking the Revenue, Cost and Profit on a granular level.

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