Organizational Challenges in Successful Implementation of Enterprise Resource Planning

Enterprise Resource Planning for ProductivityEnterprise resource planning is gaining a significant role in every organization. Almost every fortune 500 companies have already implemented enterprise resource planning software in their environment and they are using the software efficiently to increase their production. Enterprise resource planning software is very complex. It has lots of tools and techniques involved in it.

To successfully implement an enterprise resource planning software, the company should clearly mention its requirements to the vendor and there should also be sufficient software managing staffs employed by the company solely for operating and maintaining the ERP applications. … Read more

Essential Features of Comprehensive Enterprise Resource Planning System ( ERP )

enterprise resource planning architectureEnterprise resource planning is a software solution offered for better management of the resources within the company. This software helps in integrating the company’s functions and operations. Enterprise resource planning also provides timely and precise information about the shape of the company.

With the help of enterprise resource planning the company can streamline their work flow, can provide enhanced support to their customers, real time availability of data on sales, inventory and raw material availability, reducing a considerable amount of paper works and finally it assists in the global operations. … Read more

Social Media as Tool to Obtain Business Market Intelligence Information

social mediaSocial Media, often a tool that is started as entertainment for technologically minded people ends up being commercialized. When social media grew through the late twenty eight century, it was primarily used to establish digital relationships among online communities in a new medium.

However it is increasingly becoming clear that social media is a particularly powerful tool in the struggle to obtain relevant business intelligence as well as to communicate with existing customers and potential customers. This article touches on some of the new opportunities for businesses to interact with users of social media as well as understanding what they are saying about the markets. … Read more

Utilizing Business InfoTech Projects for Team Building

team building exerciseThe development and completion of a major InfoTech project is a team building exercise. It requires different members of the organization to come together to resolve a problem or to plan for another objective.

Whereas some organizations can see this as an unwelcome intrusion into the normal working day, the project manager has a role to play to get people to buy into the IT project and use their collegiate working protocols to ensure that all the targets are met. … Read more

Balanced Scorecard Work As A Business Performance Management System

Business performance management scorecardBusiness performance management systems that want to move beyond the obvious performance indicators such as corporate finance will have to include the balanced scorecard in their mix. It tends to operate by attaching targets to non-traditional performance factors such that the company has an overall picture of success.

The first major challenge is to identify which project requires which indicators. The list of performance desirable will be virtually endless and the managers will have to make a decision to prioritize or deprioritize certain factors.

A weighting index can be applied and the decision making about the factors can be democratized so that everyone has a chance to contribute their own interests. However the business has to have its own standards that ensure that the strategic objectives are being carried out even at the lowest units. … Read more

Implementation of Enterprise Resource Planning

Enterprise Resource Planning SoftwareEnterprise Resource Planning or shortly called as ERP, requires many software and hardware components for storing and managing information related to a company. With the increase in the scope of ERP software, there are lots of vendors who provide this service. ERP software offers complex services and the people who are assigned to work on ERP are well-trained in using this ERP.

ERP has a variety of applications and processes which are available throughout their all business units. Implementing an ERP system is too complex and it can be done only by experts who have in-house skill in this software. This is also the most cost efficient way. There are many consultants and technical advisers available who can assist and implement the software provided requirements are clearly stated. … Read more