(C12) Integrating the Organization from End-To-End: Enterprise Resource Planning

Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources.

ERP helps employees do their jobs more efficiently by breaking down barriers between business units. More specifically, an ERP solution:
  • Gives a global, real-time view of data that can enable companies to address concerns proactively and drive improvements
  • Improves financial compliance with regulatory standards and reduces risk
  • Automates core business operations such as lead-to-cash, order-to-fulfillment, and procure-to-pay processes 
  • Enhances customer service by providing one source for billing and relationship tracking. 

Comments

Post a Comment

Popular posts from this blog

(C13) Creating Collaborative Partnership Through E-Business

Image
 E-commerce is the buying and selling of goods and services over the Internet. E-commerce refers to online transactions only. E-business is the conducting of business on the Internet, not only buying and selling, but also serving customers and collaborating with business partners. E-shops is a version of a retail store where customers can shop at any hour of the day without leaving their home or office. For example, Zara, Mango, Maybelline and Adidas. E-malls consists of a number of e-shops, it serves as a gateway. For example, Lazada, Trivago and Fashion Valet. An online auction is a place where buyers and sellers come together to auction items and prices are determined dynamically.
Read more

(C10) Extending the Organization - Supply Chain Management

Image
What is Supply Chain Management (SCM)? Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort by the supply chain firms to develop and run supply chains in the most effective & efficient ways possible. Supply chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems needed to coordinate these activities. The concept of Supply Chain Management (SCM) is based on two core ideas:  The first is that practically every product that reaches an end user represents the cumulative effort of multiple organizations. These organizations are referred to collectively as the supply chain. The second idea is that while supply chains have existed for a long time, most organizations have only paid attention to what was happening within their “four walls.” Few businesses understood, much
Read more