Chapter 10 Baltzan

Chapter 10 Baltzan - Enterprise Resource Planning and...

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Unformatted text preview: Enterprise Resource Planning and Collaboration Systems Chapter 10 Enterprise Resource Planning Section 10.1 Enterprise Resource Planning Enterprise resource planning integrates all departments and functions throughout an organization into a single IT system (or integrated set of IT systems) so that employees can make enterprisewide decisions by viewing enterprisewide information on all business operations Enterprise Resource Planning Reasons ERP systems are powerful organizational tools include: ERP is a logical solution to the mess of incompatible applications that had sprung up in most businesses ERP addresses the need for global information sharing and reporting ERP is used to avoid the pain and expense of fixing legacy systems Core and Extended ERP Components Core ERP component traditional components included in most ERP systems and they primarily focus on internal operations Extended ERP component extra components that meet the organizational needs not covered by the core components and primarily focus on external operations Core and Extended ERP Components Core ERP Components Three most common core ERP components Accounting and finance Production and materials management Human resource Accounting and Finance ERP Components Accounting and finance ERP component manages accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management Production and Materials Management ERP Components Production and materials management ERP component handles the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting, and quality control Human Resource ERP Component Human resource ERP component tracks employee information including payroll, benefits, compensation, performance assessment, and assumes compliance with the legal requirements of multiple jurisdictions and tax authorities Extended ERP Components Extended ERP components include: Business intelligence Customer relationship management Supply chain management E-business E-Business Components E-business components include e-logistics and e-procurement E-logistics manages the transportation and storage of goods E-procurement the business-to-business (B2B) purchase and sale of supplies and services over the Internet ERP Vendor Overview SAP boasts 20,000 installations and 10 million users worldwide Oracle and Peoplesoft are other large vendors of ERP systems ERP Software Successful ERP projects share 3 attributes Overall fit Off the rack Off the rack and tailored to fit Custom made Proper business analysis Successful companies spend up to 10 percent of the...
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Chapter 10 Baltzan - Enterprise Resource Planning and...

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