Impact Of Enterprise Resource Planning Systems On Businesses

Question: Discuss about the Impact Of Enterprise Resource Planning Systems On Businesses. Answer: Introduction ERP application software ERP stands for Enterprise Resource Planning; it is basically the progression of the Manufacturing Requirement Planning. From the business point of view it is expanding from the coordination of a manufacturing process to the integration of enterprise- wide backend processes. From the technological aspect, ERP has been evolved from legacy implementation to more flexible client server architecture. ERP is the most important for every business activities. It is the core business processes performed for the real time activity using various software and technology. It is been categorised into various business management software that is a typically suite of integrated applications and other is the organisational data which is sued to collect, manage and store and interpret the data from the core business processes (Drelichowski et al., (2016). It is an essential for the entire organisation to maintain the new trends according to the current scenario using various tools and technologies so as to provide the best services to the customers. The RealTech organisation has various ERP applications services which include: Manufacturing- In the manufacturing process in the business organisation it includes some various functions that have the involvement of the engineering, capacity, workflow management, quality control, billing process and the manufacturing of products to promote their business organisation. Supply Chain Management- It is the most popular component of an ERP system. It plays a vital role in all the business processes. It ensures the upstream and the downstream members of the chain so that to have an easy way of delivering the products and services to the customers according to the standards required so as satisfying the customer needs. Supply chain management helps in collaborating with an organisation for the functionalities and the interaction with the supply chain members (Bernroider et al., 2014). Financial Accounting Management- It plays a vital role in every organisation to maintain the finance and the accounts of a company so as to keep it safe for future. It is the systematic strategy being followed and performed in the business from the traditional time. It includes the following like the payable of an accounts, accounts receivable, fixed assets, general ledger and cash flow management. Data Warehouse- It is been accessed and maintain all the database of an organisations customer, suppliers and employees. Data Warehouse is a Meta data of an organizations electronically stored data. Data warehouse are initially perform a task to on designing and facilitate the report making and the analysis made on the database. Human Resource Management- Human Resource management is essential in every organisation for the efficient management in the employee information, tracking the employee records and their reviews regarding to their performance, authorizing the designations, skills regarding jobs description, Regular maintenance of the attendance (Bradford, 2015). Four types of ERP software Applications of the Business Process Operations Its Software Comparison: Oracle + NetSuite by Oracle- It is the best and the most considering tool for all the business sizes with the depth of Oracle cloud solutions for both the back and the front office. This too provides the facility of all the communication channels in the business organisation. SAP ERP by SAP- SAP ERP is a tool used for the addresses of the core business applications and its software requirements of midsize and large organizations in all the industries and sectors. It includes the individual solutions for the finance, human capital management, corporate services etc. This software is multi-faceted with a great quantity of the data points (Nwankpa, 2018). Dynamics by Microsoft- This tool is widely used in the organisation at all level. This tool automates in the financial, customer relationship, and supply chain processes. This tool is very familiar with the easy adoption by the company and it reduces the risks essentially with executing a new solution. IFS Manufacturing by IFS- This tool is a component based as it is specifically used at the industry level for the large business organisations. This software is most agile by streaming to the most strategic processes. This tool is used for developing, supplying and implementing of the various applications of an organisation. This software provides the solutions that serve the manufacturing as well as the easy way of accessing to the tool and familiar to do the desire tasks (Greasley et al., 2017). Selection of the most suitable ERP application software for RealTech The RealTech organisation has proposed and maintains all the finance, supply chain management and the database works on the Oracle NetSuite ERP application software which was proposed by the Siemens. It is a most dynamic works with the familiar Microsoft tool integrated and adaptable by all the business management that provide the availability to all the business management to work with the tool and have the great experience to make the important business decisions with the greater confidence. It is a familiar tool which works dynamically to all the business applications. It reduces the risks inherently with implementation and are familiar with the software adoption. This software helps in powering and modernizes financial, customer relationship and supply chain processes in a way that helps an organisation to reach to the goals and success (Popa Vaida, 2016). Description on the features of the NetSuite ERP application- Combining Business Processes across the Enterprise- It is the key used for all the business processes and performing the variety of functions across the departments, including marketing and sales, finance, fulfilments of the order, managing the inventory stock, management of employee etc. This tool helps the employees not to re-enter the data in different systems, or making the corrections in the data, or performing the updating. This tool allows the employees to view and share the actual data in real time; it leads the organisation to the increase production across the business. Growth in the Visibility for better Decision making- It allows to take the efficient decision for working on the real time data to the key performance metrics, taking the backup intelligently and making the correct decisions in the favour of the organisation. Visibility to the customer dealing with an organisation results in more efficient and highly personalized towards the business sales and fulfilment to the services provided to the customers (Rodrigues et al., 2016). Covering Processes to Customers, Suppliers and Partners- According to the current scenario for all the business organisations. NetSuite offers the self-service facilities that enhance both business-to-business and business-to-consumer relationship. This tool process the cycle between customers, suppliers and the partners ensuring the place as an ideal partner. Superior Value with an Affordable Pricing- building and reaching to the growing business, NetSuite offers the affordable prices and implementation to the business for providing the better services. This tool also provides the facility for the professional and the educational programs which ensure the efficient implementation and the long term success (Snellman, 2017). Customizing and Extending with NetSuite- In todays scenario in the corporate world NetSuite is the most customize software as a service. This tool helps in customizing the industry standard tools for the business practices which fulfil the need and specific industry requirements Customizing of the products generally encourage in highly customize NetSuite which proposes one in all kind software application (Chugh et al., 2017). General description on NetSuite ERP system in RealTech Organization RealTech organization uses the NetSuite ERP software for the operational work. This software provides various facilities for easy way of accessing and maintaining the organisational structure and the strategies and the data of the customers. This tool helps in performing as many transactions in the same amount of time. It is easily adaptable and is designed for the lifetime to maintain all the organizational activities. This tool helps in the entire business from designing to manufacturing to managing dealers in the corporate world. This tool is scalable to the growth of an organization. It provides the ability to be flexible and innovate. This tool provides the way to enter to the entire new markets efficiently and effectively. RealTech Organisation mainly deals in real time visibility and cost saving tasks. Integration of ERP with the RealTech Business Operations Integration with Marketing and Sales- In this the sales and marketing team coordinate together for the same corporate brand and become a part of advertising and initial awareness to the people for the decision process. It is essential to deliver the message in the market. Integration with Supply Chain Management- It is the essential or the key business processes of an organization, the success totally depend upon the company networks and relationships in the corporate world. From supplying of raw materials through end users that provide goods and services and the information for adding the value for customers (Fischer Winkelmann, 2017). Integration with accounting and Finance- The situation of the RealTech organisation totally depends upon the company as it brings the organisation into limelight who is contributing to bring the company on the top. Integrating with AM it brings an organisation process on a smooth track. Integration with Human Resources- It is the process of bringing all the departments together to manage human resource in a business so that they work effectively to bring the organization on the top in the market (Wong, Mahmud, 2016). Conclusion Many big Organisations find the Enterprise wide using the NetSuite ERP solutions. It always keeps the organisation on the top level and keel updating the demands regarding to all the business activity of an organisation. It is necessary to satisfy all the requirements in all the departments of the organisation so that vendors can have the best products with an industry focus. Using this tool it provides the ease access to an organisation for the fast processing and to a proper management which will increase the business value in the market and make the management on top to achieve all the tasks in the near future (Piazolo Felderer, 2016). References Drelichowski, L., Olszewski, W., Sikora, K. (2016). Case Studies: Strategy ManagementGaining Competitive Advantage In The Industry, Through The Implementation Of Erp And Business Intelligence.Scientific Bulletin-Economic Sciences,15(3), 89-98. Bernroider, E. W., Wong, C. W., Lai, K. H. (2014). From dynamic capabilities to ERP enabled business improvements: The mediating effect of the implementation project.International Journal of Project Management,32(2), 350-362. Bradford, M. 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