Insor Cloudsuite Write Up (1).docx - INSOR CloudSuite Improvements Term Project By Varun Baraigoni Farah Khoblall and Ian Kremen IE 618 Engineering Cost

Insor Cloudsuite Write Up (1).docx - INSOR CloudSuite...

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INSOR CloudSuite Improvements Term Project By: Varun Baraigoni, Farah Khoblall, and Ian Kremen IE 618 - Engineering Cost and Production Economics Instructor: Sevilay Onal Date: May 7th, 2019 Abstract The advent of modern information systems has without a doubt changed business forever.
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The way businesses send and receive information has completely changed and is now almost instantaneous. We live in age where questions get answers within seconds and everything is online. Whether it is the internet or a private intranet, all major companies now utilize their own information network. Enterprise Resource Planning, or ERP for short, is a category of software that integrates the management components and processes of a business and analyzes them as a whole. Essential business functions like accounting, HR, production, materials management, customer relationship management, and supply chain management are all looked at and considered by the software. The company can assign levels of importance to these areas and add or subtract functional groups as needed. There are many benefits of an ERP system and the first benefit relates to the fact that information is shared immediately in our times as aforementioned. An ERP system allows for the ease of cross-departmental business information exchange and makes it easier to manage data across the organization. ERP software also boosts efficiency by automating data collection, enables business growth by managing increasingly complex business processes, helps lower risk by enabling better compliance, and improves supply chain management. Although the software has a high upfront cost and can be difficult to implement, with the right people carrying out the switch a business can save money over the long run by streamlining processes. It will even lower IT-related costs and training costs. It will help reporting and planning because of the more accurate data which can help in accounting. INSOR Cloudsuite is a supply management solution that aims to track the inventory levels of stock, provide real time location tracking, and provide activity reporting by user defined criteria. The software is modular and can be fine tuned to match a customers needs. It eliminates any stock issues and uses handheld scanners to upload data on the spot and wirelessly. For companies who have a lot of product either being produced or shipped in or out, this software offers much in order to maintain accuracy in reporting of stock levels and location. In addition, the savings can be transferred to the end user or be put back into the company. The end user will be happier with the tracking that can be added for fulfillment center applications. Company Overview INSOR is a company based out of northern New Jersey in Newark, a busy city with three colleges to hire from and plenty of young brilliant minds. INSOR is a software creation company that focuses on enterprise resource planning solutions, ERP. Their software is target towards
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