Exam Study Sheet

ERP as a backup concept resounds as a powerful internal information perplexity nirvana Ein truth wiz pertain in sourcing, producing, and delivering the companys carrefour works with the same information, which eliminates redundancies, reduces wasted time, and removes misinformation. Learning outcomes kick about believes In foc subroutined Investing and believes that any Investors should look at vanadium features 1 . The certainty with which the long-term economic characteristics of the business elicit be evaluated 2.The certainty with which focus can be evaluated, both as to Its might to realize the full potential of the business and to wisely employ Its change carrys 3. The certainty with which circumspection can be counted on to channel the takings from the business to the shareh sure-enough(a)s rather than to Itself 4. The purchase price of the business the full point by which an investors purchasing-power return is reduced from his gross return Innovation finding newfangledfound six best practices of innovation Find your relevant edgeAssemble innovation hotho examples satisfy risk takers Celebrate diversity Look around Mix practiti hotshotrs and developers favorable entrepreneurship going green Social Responsibility implies that an presidency has a responsibility to society. Corporate Policy reflects the position a company takes on complaisant and political issues. Sustainable or Green describes systems that minimize damage to the environment. push consumption Breakdown of Power Usage in The Typical entropy Centre For convenience and to solelyow for automatic updates and backup, the studyity of computer equipment is neer completely shut down.It draws energy 24 hours a day. Percentage illuminate/humidifier power distri only whenion units air conditioners Ups IT equipment Chiller E waste stir Refers to discarded, obsolete or broken electronic devices Sustainable IT disposal Refers to the preventive disposal of MIS assets at th e end of their life cycle Electronic carrefour Stewardship Canada (PEPS) an industry association that educates and encourages e-waste withstand Recent International laws restrict the procedure of hazardous materials.Moors Law has made technological devices sm everyer, cheaper, and faster, any(prenominal)owing more(prenominal) people from each(prenominal) income levels to purchase figuring equipment. This increased demand is ca utilize numerous environmental issues. State refers to drives, printer cartridges, cell phones, pods, external hard drives, TVs, Vicars, DVD players, microwaves, and so on. Greener IT four ways to save energy in a data center use outdoor air for cooling, cool high tightfistedness areas, use low power processors, incorporate cooling solutions, use innkeeper power counselling, buy high efficiency power supplies, use oerpopulation to merge servers.Organizational social networking trinity types of social networking an boldness can implement inactiv e search Boomerangs Marketing networks Passive Search?Finding people for new Jobs who are happy and productive whither they through business networking sites. Boomerangs?Former employees reversive to old Jobs. Marketing Networks?Using business networks for market and events Its a social unit new world Virtual World?An Internet resource which presents a AD virtual community.Virtual Organizations- interactive web presence for businesses and their customers. Virtual custody?working from home Or anywhere via the Internet. Tools for virtual workforce bustling commerce (m-commerce)?ability to purchase goods and services through a restless device. Telemetric?The blending of wired and wireless technologies for efficient electronic communication. Electronic tagging?the use of RIFF (radio frequency identification) and other systems to identify and tracking digital assets. 4. go-ahead resource planninging ERP Failures Blaming ERP for the pickle that many a company who has use ERP fin d themselves in is like blaming the CAD c wholly forage for a ill architect building. Like just about everything else, IT-enabling business processes is about using the right tools for the right reasons and executing. Enterprise resource homework coalesces all surgical incisions and functions hat employees can make enterprise-wide decisions by viewing enterprise-wide information on all business operations.ERP powerful organization tools Solution to incompatible performances. Addresses the pauperization for spheric information sharing. Avoids the expense of fixing legacy systems. Legacy Systems?are older computer technology still in use. Functional Systems? serve case-by-case business departments or units. Legacy systems pull round in personal computing as well as business Enterprise resource planning system Core data employees, bon tons, customers, gross revenue, take stock 0 ERP- Global sales report,Global manufacturing report, global shipping report Enterprise resourc e planning ERP desegregation Data Flow At the heart of all ERP systems is a database when a user enters or updates information in one module, it is immediately and mechanically updated throughout the entire system Data (centre) purchasing, accounting and finance, manual resources, inventory, manufacturing, marketing and sales Why do organizations need integrations, if an ERP system contains one database that connects all applications together?Most organizations operate operational silos, and each department merrily has its own systems A company might purchase an ERP and and then all of the functional silos would be on one system however, this doesnt happen very often in the real world ERP automates business processes such as hostel fulfillment?taking an order from a customer, shipping the purchase, and then billing 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 next department. To find out here the order is at any point, a user needs exclusively to log in to the ERP system and track the order.ERP systems automate business processes, for example, order fulfillment When a Customer Service Representative (CARS) takes an order from a customer, he or she has all the information necessary to complete the order (the customers credit rating and order history, the companys inventory levels, and the delivery schedule) ERP process flow Datacentre sales/quote/order warehouse pack/ship receiving returns accounting/billing/payment The organization before ERP tenfold functional systems provide support for the unique needs of each department but cannot be integrated across the enterprise document circumspection, workflow, ERP Etc The organization after ERP A central processing needs of each functional unit duration having data sharing across the enterprise. Core and drawn-out ERP components The evolution of ERP ERP material planning, order entry, distribution, general ledger, accounting, shop floor control Extended ERP scheduling, prediction, capacity planning, commerce, warehousing, logistics ERP -II project management, knowledge management, workflow management, customer relationship, valet resource, portal capabilityCore ERP components traditional components included in almost ERP systems and they primarily think on internal operations Extended ERP components extra components that meet the organizational needs not covered by the core components and primarily cogitate on external operations Core and extended ERP components Three most common core ERP components 1 . Accounting and finance 2. merchandise and materials management 3. man resource Accounting and finance ERP component manages accounting data and pecuniary processes within the enterprise with functions such as general ledger, accounts payable, accounts receiva ble, calculateing, and asset management Dudley Harley-Davidson Canada (DDCD), the exclusive Canadian distributor of Harley- Davidson motorcycles, has improved inventory, turnaround time, margins, and customer cheer?all with the implementation of a financial ERP system Production and materials management ERP component handles the various aspects of action planning and execution such as demand reckoning, intersection scheduling, Job cost accounting, and feeling control Production and materials management ERP components This figure displays the typical ERP end product planning process. The process begins with forecasting sales in order to plan operations. A detailed production schedule is developed if the product is produced, and a materials requirement plan is absolute 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 incl uding payroll, legal requirements of multiple Jurisdictions and tax government Extended ERP components include Business intelligence Customer relationship management fork out strand 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 lucrativeness generate grasp management involves the management of information flows among and among stages in a offer concatenation to maximize total supply compass effectiveness and profitability E-business means takeing 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 Examples parenting/CSS, customers, accosting finance lo gistics Integration Middleware Several different types of software that sit between and provide connectivity for two or more software applications The connected potful Enterprise application integration middleware Takes a new approach to middleware by packaging commonly used applications together, reducing the time essential to integrate applications from multiple vendorsMeasuring ERP Success with the equilibrate Scorecard The Four Primary Perspectives of the Balanced Scorecard Vision and outline financial, internal business process, customer, learning and maturation Balanced Scorecard is a measurement system whose objective is to finish up the companys vision and system and translate them into actions. It starts with the customer Customer?To achieve our vision, how should we turn up to our customer. Financial -To succeed financially, how should we be appearing to our shareholders? Internal Business fulfill?To satisfy our shareholders and customers, what business proces ses must we excel at? Learning and increase?To achieve our vision, how will we sustain our ability to change and improve? lucky ERP projects share 3 attributes 1. Overall fit mop up the rack Off the rack and tailored to fit Custom made 2.Proper business compend Successful companies spend up to 10 percent of the project budget on a business analysis 3. Solid implementation plans A plan is needed 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 well-fitting ERP has no major process gaps and very a few(prenominal) minor ones Proper business analysis The best way to determine which fit strategy is right is to conduct a thorough business analysis. Successful companies normally spend up to 10 percent of the project budget on a business analysis. Chapter 5 operations circumspection and Supply range of a function Management separate 5. OPERATIONS MANAGEMENT over view tradin g operations Management basics MM in Business Information Systems Role in MM SECTION 5. 2 SUPPLY CHAIN FUNDAMENTALS Supply stove Fundamentals Information Systems Role in the Supply scope Supply twine Management Success Factors Future Supply Chain Trends Operations management foundations Production management describes all the activities managers do to help companies wee-wee goods. Operations management (MM) is the management of systems or processes that convert or alter resources (including human resources) into goods and services. A transformation process is often referred to as the proficient core, especially 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 Typical MM activities include Forecasting Capacity planning Scheduling Managing inventory assure quality make and training employees Locating facilities Forecasting Estimating demand for a product/service Capacity Planning Determining 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 progress and finished goods have storage.Assuring quality Ensuring standards are met through sampling inputs, in process work and outputs. Motivating and training employees Appropriate pay, benefits, scheduling, and direction, supervision and instructions. Locating Facilities Determining where to put production facilities and the cost effectiveness of near major markets or away from markets and approximate to transportation system 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 integ ration, to what degree the suppliers are own (or partnered) with the company. Extent to which outside suppliers are used.SUB strategical Business Unit?is a stand-alone business under a corporate umbrella Strategic Planning?are the collection of decisions focus in doing the right things over a longer period of time MR. Systems?use sales forecast to make sure parts and materials are available Global scrutinize Management Systems (SIMS)?locate, track and predict materials and components by installing GAPS in transportation vehicles Operational Planning and Control (POP&C)?deals with day-to-day operations. Competitive MM strategy Five get wind competitive priorities that can add value for customers 1 . Cost 2. flavor 3. Delivery 5. Service 1 . Cost?key determinant in a customer purchase decision 2. Quality?product quality should reflect the exact requirements of a customer fulfill quality ensures a consistent error-free quality level.Several international quality methodologies exis t including Six Sigma Quality, SISSIES, IS014000, TTS, COMIC. An assignment for students is for individual students or groups to research one of these methodologies to crack 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. tractability?offering a wide variety of products to customers. Offering a weft of environmentally friendly products and services. 5. Service?New products revert to being commodities quickly. oft the distinguishing factor is the service provided by the supplier. M and the supply cooking stove Supply 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 supply chain to maximize total effectiveness and profitability. The four basic components of Su pply 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 chosen 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, warehouses, carriers, defective 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 enable an organization to generate efficiencies within these steps different supply chain components. Impact of Efficient & Effective Supply Chain Management on Porters Five ForcesEffective and efficient SCM systems can enable an organization to fall down the power of its buyers Increase its own supplier power Increase shift costs to reduce the threat of substitute products or services make water entry barriers thereby reducing the threat of new entrants Increase efficiencies while seeking a competitive advantage through cost lead Organizations supply chain Supplier power + 5. 2 Supply Chain Fundamentals Supply chain fundamentals The supply chain has three main links 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 ha s significantly improved companies forecasting abilities over the last 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 season in Australia causes the eucalyptus harvest to fall utterly of expectation production levels, which causes the price to skyrocket The factory in Lit, Pennsylvania, is washed-up by a fire One 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