M.G.

M’s COLLEGE OF ENGINEERING, NANDED

DEPARTMENT OF INFORMATION TECHNOLOGY
Academic Year 2023-24
Date: 03/04/2024
Assignment 2

Class: TYIT Sub: Enterprise Resource Planning

1) Explain need of ERP. Also explain advantages of ERP.

2) Explain risk of ERP. Also explain growth of ERP.
3) Explain finance ERP module.
4) Explain production planning ERP module.
5) Explain control and management ERP module.
6) Explain ERP implementation strategies.
7) Explain ERP implementation methodologies.
8) Explain evolution and selection of ERP package.
9) ERP Implementation Life Cycle
10) Project management & Monitoring
Project management and monitoring in ERP (enterprise resource planning) is the process of
ensuring that a project is completed on time, within budget, and to the required quality
standards. The project management team guides the organization, sets the standard for the
project, and addresses and resolves problems as they arise.
Some key parts of project management include:
 Defining goals, objectives, and requirements
 Securing necessary budgets and resources
 Setting a timeline and implementation plan for completion
 Mitigating risk
 Managing execution of the project
 Monitoring progress against the plan
Effective project management requires a comprehensive understanding of the four key elements
of project management: scope, time, cost, and quality.
Monitoring a project means ensuring that the project is going as planned and that tasks within the
project are being completed. There are many metrics that require monitoring, such as the budget,
the time taken to completion, and the standard of quality.
Some forms of monitoring include: Compliance monitoring, Financial monitoring, Process
monitoring, and Beneficiary monitoring.
Here are some steps to successful project monitoring: Design an efficient strategy for
monitoring, Design an effective report management system, Make recommendations for project
improvement, and Ensure guidelines

11) Explain post implementation activities of ERP.

12) Explain operation & maintenance of ERP system
ANS: Enterprise Resource Planning (ERP) systems are important for a business's smooth
operation. ERP maintenance involves several steps to ensure the system runs smoothly and
optimally, including:
Maintenance schedule: Create a plan for regular maintenance
Document history: Keep records of past maintenance to help shape future updates
Testing procedures: Set up procedures to test the system repeatedly
Security measures: Implement robust security measures to prevent issues that require
maintenance
Functional reviews: Perform regular reviews to ensure the system is still serving the business as
well as it did when it first went live
Updates: Stay up to date with the latest updates and patches from the ERP vendor, which often
include bug fixes, security patches, and new features
Data management: Regularly review and manage the data within the ERP system, including data
backups, data cleansing, and data archiving
User training: Provide ongoing training and support for ERP system users, so they know how to
use the system effectively and are aware of any new features or updates
Performance monitoring: Monitor the performance of the ERP system to identify any potential
issues or bottlenecks
Enterprise resource planning (ERP) is a software system that helps you run your entire business,
supporting automation and processes in finance, human resources, manufacturing, supply chain,
services, procurement, and more.
13) Explain success and failure facture of an ERP.
ANS:
According to LinkedIn, 50–75% of ERP (Enterprise Resource Planning) implementations fail,
and only 21% of companies fully realize the benefits of their ERP systems. Some factors that can
lead to ERP failure include:
Poorly defined requirements
Lack of data hygiene
Unrealistic project timelines
Fluctuating budgets
Lack of executive buy-in
Poor employee training
Incomplete ERP testing
Poor communication between the IT team and business units
An unreliable ERP vendor
Software that requires too much customization
Not considering the user experience
Some factors that can lead to successful ERP implementation include:
Clear understanding of strategic goals
Planning to optimize business processes
Team involvement
Project scope
Change management
Budget carefully
Project management tools
Executive support
A partner that knows your industry
Top management commitment
Key user motivation
14) ERP Marketplace and Market Dynamics
ANS:
The ERP market is very competitive and growing rapidly. According to LinkedIn, the ERP
market revenue was million USD in 2016, grew to million USD in 2021, and will reach multi
million USD in 2026.
Here are some factors that have contributed to the growth of the ERP market: Rapid technology
developments, Increased demand for applications, Opportunities for new entrants, and
Widespread acceptance of integrated information systems.
ERP, or Enterprise Resource Planning, software combines an organization's aspects into one
database, application, and user interface. This includes product development, manufacturing,
product planning, sales, and marketing. ERP systems also provide structured monitoring and
automation, allowing employees to extract reports from one process instead of keeping different
databases and spreadsheets.
ERP marketplace integration is the process of connecting an ERP system with multiple online
marketplaces. This integration allows businesses to manage their operations from a centralized
location, such as inventory, order fulfillment, shipping, and payment hub. ERP marketplace
integration also automates tasks like data transfer and order management, which can reduce
errors and improve operational efficiency.
Some major Indian ERP vendors include:
Ramco Systems
3i Infotech
Godrej. Infotech
Eastern Software Systems
Base Information
According to IDC, the ERP market in India is expected to reach Rs 1,550 crore ($341 million)
over the next five years.
15) Explain ERP Packages and Vendors of SAP
SAP is a vendor of enterprise resource planning (ERP) software, which is used to integrate and
manage business processes. SAP ERP software includes modules for finance, HR,
manufacturing, supply chain management, and CRM. It's designed to support and integrate
nearly every functional area of a business process, such as:
Enterprise resource planning (ERP) is a software system that helps you run your entire business,
supporting automation and processes in finance, human resources, manufacturing, supply chain,
services, procurement, and more.
 Procurement of goods and services
 Sale and distribution
  Finance
 Accountings
 Human resource
 Manufacturing
 Production planning
 Logistics
 Warehouse management
SAP ERP software can be customized to meet the specific needs of different businesses. It
provides multi-platform and multi-mode facilities, supports strategic and business planning
activities, and provides complete systems integration.
SAP ERP products enable customers to run their business processes in an integrated
environment. Some of the advantages of SAP ERP are: Standardization of business processes,
Unified view of the business, Customizability, and Strong reporting and analytics features.
Some disadvantages of SAP ERP are: High purchase and implementation costs and Complexity
of the system.
An ERP is a tool businesses use to streamline core business processes and information. It is a
centralized software that combines accounting, manufacturing and procurement systems. SAP is
a well-known ERP that adopts a modular approach to providing businesses with the needed
functionalities and features.

16) Explain ERP Packages and Vendors of BAAN

ANS : Baan is a vendor of enterprise resource planning (ERP) software. Baan ERP is a system that can
help businesses streamline processes and functions. It includes modules for manufacturing, financial,
project estimating and management, and distribution. Baan ERP runs on Unix, Windows NT/2000, and
the AS/400, and is now known as Infor Baan ERP from Infor Global Solutions, Alpharetta, GA.

ERP is a high-end solution that helps businesses streamline and integrate operation processes and
information flows. ERP software is often used by different teams within a company, such as accounting,
inventory management, warehouse management, procurement management, customer relationship
management, and human resources.

ERP systems can be categorized into four types:

ERP in a box: Easy to use and install, but cannot be easily configured or customized

Large scale / Complex ERPs

Intermediate / Flexible ERPs

Industry-Specific ERPs

ERP systems can also be categorized as cloud-based, on-premises, or hybrid:

Cloud-based ERP: Hosted on the cloud rather than on-premises or in an organization's own data center

On-premises ERP: Runs on-site

Hybrid ERP: Combines elements of both on-premises and cloud-based systems