Enterprise Resource Planning
Introduction to Concept Enterprise resource planning is a fully integrated information technology that integrates a company’s operations by delivering timely and accurate information in real time. These systems were born in an environment demanding more efficiency and higher customer service and are designed to help an organization optimize its distribution of enterprise resources for efficient utilization of those resources (Park & Park, 2015; De Toni, Fornasier, & Nonino, 2015; Kuo, 2014). Today, these systems extend to include the customers and suppliers of the central organizations, allowing information to be shared across the whole supply chain (Babaeia, Gholamib, & Altafib, 2015; Shatat, 2015). These systems have been utilized effectively in insurance, manufacturing, petroleum production, and many other industries around the world (Park & Park, 2015; De Toni, Fornasier, & Nonino, 2015; Shatat, 2015). The largest providers of enterprise resource planning software include SAP, Oracle, and PeopleSoft. Companies around the world spend $10 billion dollars per year, on average, to acquire these software platforms based on enterprise resource planning (Shatat, 2015).
Benefits and Challenges of Enterprise …show more content…
The first is the pre-implementation stage where the company must decide why it wants to implement an ERP system, what steps it needs to take for successful implementation, and what they hope the system to become. The implementation stage is second and involves a company actually implementing the steps to integrate the system in its environment and anticipating any coming challenges or problems in this process. The third stage is post-implementation and involves a company continually improving the system and attempting to implement any future technological advancements into the system (Babaeia, Gholamib, & Altafib, 2015; Shatat,
Introduction to Concept Enterprise resource planning is a fully integrated information technology that integrates a company’s operations by delivering timely and accurate information in real time. These systems were born in an environment demanding more efficiency and higher customer service and are designed to help an organization optimize its distribution of enterprise resources for efficient utilization of those resources (Park & Park, 2015; De Toni, Fornasier, & Nonino, 2015; Kuo, 2014). Today, these systems extend to include the customers and suppliers of the central organizations, allowing information to be shared across the whole supply chain (Babaeia, Gholamib, & Altafib, 2015; Shatat, 2015). These systems have been utilized effectively in insurance, manufacturing, petroleum production, and many other industries around the world (Park & Park, 2015; De Toni, Fornasier, & Nonino, 2015; Shatat, 2015). The largest providers of enterprise resource planning software include SAP, Oracle, and PeopleSoft. Companies around the world spend $10 billion dollars per year, on average, to acquire these software platforms based on enterprise resource planning (Shatat, 2015).
Benefits and Challenges of Enterprise …show more content…
The first is the pre-implementation stage where the company must decide why it wants to implement an ERP system, what steps it needs to take for successful implementation, and what they hope the system to become. The implementation stage is second and involves a company actually implementing the steps to integrate the system in its environment and anticipating any coming challenges or problems in this process. The third stage is post-implementation and involves a company continually improving the system and attempting to implement any future technological advancements into the system (Babaeia, Gholamib, & Altafib, 2015; Shatat,