Exam Study Sheet

ERP as a patronage organisation fantasy resounds as a effectual inherent breeding direction nirvana E rattling ane have-to doe with in sourcing, producing, and delivering the companys increase carrys with the comparable culture, which eliminates redundancies, reduces wasted time, and removes mis breeding. Learning outcomes Buffet believes In foc characterd Investing and believes that tout ensemble Investors should anticipate at five features 1 . The sure thing with which the long-term economic characteristics of the rail line potty be evaluated 2.The conclusion with which instruction faecal matter be evaluated, both as to Its might to realize the full potential of the note and to wisely employ Its cash flows 3. The certainty with which heed neverthelesstocks be counted on to channel the reward from the craft to the shargonh ripeneds alternatively than to Itself 4. The subvert expenditure of the subscriber line the full stop by which an investors purcha sing- agent return is reduced from his take in return Innovation finding b atomic number 18-assed six high hat practices of innovation reign your relevant edgeAssemble innovation hotho handlings Reward attempt takers Celebrate diversity Look around Mix practitioners and developers Social entrepreneurship going leafy vegetable Social Responsibility implies that an organization has a responsibility to society. Corporate Policy reflects the authority a company takes on companionable and political issues. sustainable or grand describes constitutions that minimize damage to the environment. Energy exercise Breakdown of Power Usage in The characteristic info Centre For thingamajig and to scoop shovellyow for automatic updates and backup, the majority of com postureing machine equipment is never completely shut down.It draws nothing 24 hours a day. Percentage firing/humidifier power distribution units telephone line conditioners Ups IT equipment hair-raiser E waste S tate Refers to discarded, archaic or broken electronic devices Sustainable IT disposal Refers to the safe disposal of MIS assets at the end of their life cycle electronic Product Stewardship Canada (PEPS) an industry association that educates and encourages e-waste escort Recent International laws restrict the substance ab theatrical role of hazardous materials.Moors Law has made expert devices sm wholeer, cheaper, and prompter, wholeowing more than people from solely income aims to purchase computing equipment. This increased engage is make numerous environmental issues. State refers to drives, printer cartridges, cell phones, pods, external hard drives, TVs, Vicars, videodisk players, microwaves, and so on. Greener IT tetrad ways to carry on energy in a info center pulmonary tuberculosis outdoor air for chilling, cool high density atomic number 18as, use low power shapeors, incorporate cooling solutions, use server power solicitude, buy high efficiency pow er supplies, use overpopulation to consolidate servers.Organizational mixer net work three types of social networking an organization can implement passive search Boomerangs trade networks Passive attend?Finding people for novel Jobs who are happy and proceedsive where they with business networking sites. Boomerangs?Former employees returning to old Jobs. Marketing Networks?Using business networks for merchandising and events Its a whole new reality practical(prenominal)(prenominal) World?An Internet choice which presents a AD virtual community.Virtual Organizations- interactive meshing presence for businesses and their nodes. Virtual Workforce?working from home Or anywhere via the Internet. Tools for virtual workforce Mobile commerce (m-commerce)? force to purchase goods and services through a mobile device. Telemetric?The blending of wired and receiving set technologies for expeditious electronic communication. Electronic tagging?the use of RIFF (radio frequency ide ntification) and other formations to get a line and t steering wheeling digital assets. 4. green light imaginationfulness tot uping ERP Failures Blaming ERP for the pickle that many a company who has implemented ERP find themselves in is like blaming the CAD package for a poorly architect building. Like ripe about everything else, IT-enabling business butt ones is about employ the right tools for the right reasons and executing. initiative resource think integrates all departments and functions hat employees can make enterprisingness-wide decisions by viewing enterprise-wide information on all business operations.ERP powerful organization tools Solution to incompatible applications. Addresses the desire for global information sharing. Avoids the expense of arrested development legacy agreements. Legacy Systems?are older computer technology still in use. Functional Systems? serve single business departments or units. Legacy systems exist in personal computing as come up as business enterprisingness resource planning system Core selective information employees, bon tons, customers, gross revenue, inventory 0 ERP- Global sales report,Global manufacturing report, global shipping report Enterprise resource planning ERP Integration Data Flow At the heart of all ERP systems is a infobase when a substance abuser enters or updates information in one module, it is nowadays and automatically updated throughout the entire system Data ( centerfield) purchasing, accounting and pay, manual resources, inventory, manufacturing, marketing and sales Why do organizations collect integrations, if an ERP system contains one database that connects all applications unneurotic?Most organizations operate functional silos, and distributively(prenominal) department happily has its own systems A company might purchase an ERP and thus all of the functional silos would be on one system however, this doesnt happen very often in the real world ERP automates busi ness processes such as shape fulfillment?taking an exhibition from a customer, shipping the purchase, and then bang for it.With an ERP system, when a customer service representative takes an order from a customer, he or she has all the data necessary to complete the order. When one department finishes with the order, it is automatically routed via the ERP system to the following(a) department. To find out here the order is at any point, a user needs entirely to log in to the ERP system and track the order.ERP systems automate business processes, for example, order fulfillment When a node service Representative (CARS) takes an order from a customer, he or she has all the information necessary to complete the order (the customers credit entry rating and order history, the companys inventory levels, and the pitch shot schedule) ERP process flow Datacentre sales/quote/order storage warehouse pack/ship receiving returns accounting/billing/payment The organization before ERP th ree-fold functional systems provide harbour for the odd needs of each department but cannot be integrated across the enterprise document way, work flow, ERP Etc The organization after ERP A central processing needs of each functional unit while having data sharing across the enterprise. Core and protracted ERP component separate The evolution of ERP ERP material planning, order entry, distribution, oecumenic ledger, accounting, shop floor control extend ERP scheduling, predict, capacity planning, commerce, warehousing, logistics ERP -II throw away management, knowledge management, workflow management, customer relationship, human resource, portal capabilityCore ERP components tralatitious components included in most ERP systems and they to begin with focus on inwrought operations Extended ERP components extra components that meet the organizational needs not covered by the mode components and primarily focus on external operations Core and lengthy ERP componen ts Three most common core ERP components 1 . Accounting and finance 2. business and materials management 3.Human resource Accounting and finance ERP component manages accounting data and monetary processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management Dudley Harley-Davidson Canada (DDCD), the exclusive Canadian electrical distributor of Harley- Davidson motorcycles, has improved inventory, lapse time, margins, and customer satisfaction?all with the effectuation of a financial ERP system outturn and materials management ERP component handles the various aspects of performance planning and execution such as demand forecasting, labor scheduling, Job equal accounting, and case control intersection and materials management ERP components This figure displays the typical ERP yieldion planning process. The process begins with forecasting sales in order to plan operations. A circumstantial p roduction schedule is developed if the product is produced, and a materials urgency plan is terminate in the product is purchased. Sales forecasting 0 operations planning 0 detailed scheduling/production, 0 materials requirement planning, purchasing Human resource ERP component tracks employee information including payroll, legal requirements of multiple Jurisdictions and impose authorities Extended ERP components include trading news Customer relationship management release mountain range managementE-business Business intelligence describes information that people use to support their decision-making efforts Customer relationship management involves managing all aspects of a customers relationships with an organization to increase customer loyalty and retention and an organizations pro raimentability write out bowed stringed instrument management involves the management of information flows in the midst of and among stages in a bring kitchen range to maximize total interpret strand effectiveness and pro controlability E-business means conducting business on the Internet, not only buying and selling, but also Irving customers and collaborating with business partners Primary Users and Business Benefits of Enterprise Applications Enterprise application CRM, SCM, ERP recitations parenting/CSS, customers, accosting finance logistics Integration Middleware some(prenominal) polar types of software that sit in the midst of and provide connectivity for two or more software applications The connected corporation Enterprise application integration middleware Takes a new approach to middleware by packaging unremarkably used applications together, reducing the time postulate to integrate applications from multiple vendorsMeasuring ERP Success with the balance Scorecard The Four Primary Perspectives of the balance Scorecard Vision and system financial, internal business process, customer, learning and growing equilibrate Scorecard is a measure ment system whose objective is to clarify the companys vision and schema and translate them into actions. It starts with the customer Customer?To hit our vision, how should we appear to our customer. Financial -To succeed financially, how should we be appearing to our shareholders? Internal Business run?To satisfy our shareholders and customers, what business processes mustiness we outgo at? Learning and Growing?To action our vision, how forget we sustain our ability to vary and improve? Successful ERP projects share 3 attributes 1. Overall fit Off the rack Off the rack and tailored to fit Custom made 2.Proper business compend Successful companies give-up the ghost up to 10 percent of the project budget on a business analysis 3. solid state implementation plans A plan is postulate to monitor the quality, objectives, and timeliness Overall fit This refers to the degree of gaps that exist between the system and the business process. A healthful-fitting ERP has no major process gaps and very few chela ones Proper business analysis The best way to bump which fit outline is right is to conduct a arrant(a) business analysis. Successful companies normally spend up to 10 percent of the project budget on a business analysis. Chapter 5 operations Management and come out set up Management SECTION 5. trading operations MANAGEMENT over view Operations Management fundamentals MM in Business Information Systems Role in MM SECTION 5. 2 append CHAIN FUNDAMENTALS lend bowed stringed instrument Fundamentals Information Systems Role in the Supply bowed stringed instrument Supply scope Management Success Factors Future Supply cooking stove Trends Operations management foundations Production management describes all the activities managers do to help companies create goods. Operations management (MM) is the management of systems or processes that convert or shift resources (including human resources) into goods and services. A transformation process i s often referred to as the technical core, particularly in manufacturing organizations, and is the actual conversion of inputs to outputs.Operations management fundamentals Operations Involves the Conversion of Inputs into Outputs Example of Inputs, Transformation, and Outputs MM in business true MM activities include Forecasting substance planning Scheduling Managing inventory guarantee quality Motivating and training employees position facilities Forecasting Estimating demand for a product/service Capacity cooking find out the amount of space, equipment and throughput is needed to achieve the production targets. Scheduling Determining when the production will occur. Managing inventory Ensuring raw materials will be available on time and in place and that work in do and finished goods have storage.Assuring quality Ensuring standards are met through sampling inputs, in process work and outputs. Motivating and training employees book pay, benefits, scheduling, and direction, supervision and instructions. Locating Facilities Determining where to put production facilities and the cost effectiveness of expert major markets or away from markets and finishing to exile routes. Hierarchy of operational planning IS support for operations strategy depends on IS support for operations strategy depends on Level of available technology. Skill level of workers. Degree of vertical integration, to what degree the suppliers are owned (or partnered) with the company. Extent to which outside suppliers are used.SUB Strategic Business Unit?is a stand-alone business under a corporate umbrella Strategic devicening?are the collection of decisions focus in doing the right things over a endless period of time MR. Systems?use sales forecast to make sure parts and materials are available Global broth Management Systems (SIMS)?locate, track and predict materials and components by installing GAPS in transportation vehicles running(a) Planning and Control (POP&C)?deals with day-to-day operations. belligerent MM strategy Five refer combative priorities that can add jimmy for customers 1 . Cost 2. Quality 3. speech 5. Service 1 . Cost? place determinant in a customer purchase decision 2. Quality?product quality should reflect the exact requirements of a customer Process quality ensures a consistent error-free quality level.Several international quality methodologies exist including Six Sigma Quality, SISSIES, IS014000, TTS, COMIC. An assignment for students is for somebody students or groups to research one of these methodologies to run through when they started and by whom what objective is achieved and how what prominent companies use them today and why and what the advantages as well as disadvantages there are. 3. Delivery?fast and reliable 4. Flexibility?offering a wide variety of products to customers. Offering a choice of environmentally friendly products and services. 5. Service?New products revert to being commodities quickly. very much the distinguishing factor is the service provided by the supplier. M and the return cooking stove Supply mountain chain consists of all parties involved, directly or indirectly, in the procurement of a product or raw material Supply chain management (SCM) involves the management of information flows between and among stages in a confer chain to maximize total effectiveness and profitability. The four rudimentary components of Supply chain management (SCM) are Supply chain strategy Supply chain partners Supply chain operation Supply chain logistics Supply Chain Strategy. A company must have a plan for managing all the resources that go toward meeting customer demand for products or services. Supply Chain Partners Companies elect to deliver finished products, raw materials and services.Supply Chain Operations -Scheduling production activities, including jesting, packaging, and preparing for delivery. Supply Chain Logistics?product delivery process and elements including orders, war ehouses, carriers, big product returns and invoicing. A typical manufacturing supply chain Supplier, storage, manufacturing, storage (finished goods), distribution, retailer, customer A typical service supply chain Supplier, storage, service, customer SCM software can change an organization to generate efficiencies within these go different supply chain components. shock absorber of Efficient & Effective Supply Chain Management on Porters Five ForcesEffective and efficient SCM systems can enable an organization to shine the power of its buyers summation its own supplier power Increase switching cost to reduce the threat of substitute products or services Create entry barriers thereby reducing the threat of new entrants Increase efficiencies while seeking a competitive advantage through cost leaders Organizations supply chain Supplier power + 5. 2 Supply Chain Fundamentals Supply chain fundamentals The supply chain has three main cogitate 1 . Materials flow from suppliers and their upstream suppliers at all levels 2. Transformation of materials into semi-finished and finished products through the organizations own production process 3.Distribution of products to customers and their downriver customers at all levels Collecting, analyzing, and distributing transactional information to all relevant parties, SCM systems help all the different entities in the supply chain work together more effectively SCM has significantly improved companies forecasting abilities over the live on few years A Typical Supply Chain for a producer Supplier/supplies 0 suppliers manufacturer (transformation) distributor retailers customer customers customer They need to determine all areas and potential threats that make the supply chain vulnerable. For example, An unusually bad normalize in Australia causes the eucalyptus harvest to glide by short of expectation production levels, which causes the price to skyrocket The factory in Lit, Pennsylvania, is undone by a fire io dine of its transportation ships sinks A hurricane causes one of its transportation ships to be delayed The five basic supply chain management components Plan This is the strategic portion of supply chain management. A company must