Operation Tools: Implementing Enterprise Resource Planning (ERP)
Module 3 - Case
OPERATIONS TOOLS
Assignment Overview
ERP in Action
Enterprise Resource Planning (ERP) is business process management software. It integrates management of financial, operations, HR, supply chain, and commerce. Reports are made easy.
Case 3 Resources
Beating the ERP Implementation Odds: Leveraging Appropriate Paranoia (2022)
https://enterprise-resource-planning(dot)cioreview(dot)com/cxoinsight/beating-the-erp-implementation-odds-leveraging-appropriate-paranoia-nid-34897-cid-96.html
5 steps to successfully source and negotiate for software systems in 2022 (2022)
https://spendmatters(dot)com/2022/01/20/5-steps-to-successfully-source-and-negotiate-for-software-systems-in-2022/
5 ways to support a legacy ERP system (2021)
https://www(dot)techtarget(dot)com/searcherp/feature/5-ways-to-support-a-legacy-ERP-system
Businesses Using ERP Solution: Success Stories That You Can’t Afford to Miss Out (2021)
https://wperp(dot)com/57388/successful-businesses-using-erp-solution-success-stories/
60 Critical ERP Statistics: 2021 Market Trends, Data and Analysis (2021)
https://www(dot)netsuite(dot)com/portal/resource/articles/erp/erp-statistics.shtml
Four ERP implementation case studies you can learn from (2021)
https://www(dot)erpfocus(dot)com/erp-implementation-case-studies.html
Case Assignment
Understanding ERP
Use the DATA AND SCENARIOS file for this assignment.
Using the module’s readings and other resources written since 2020, explain what an ERP is and what it does for a company from an operations perspective. This section will be 1 page in length.
Pros & Cons
Research the pros and cons of ERP implementation on operations. This section will be 1 page in length.
Company Application
Research how the assigned Company uses its ERP to manage operations. This section will be 1 page in length.
Research may include a historical article about the company’s ERP in addition to recent articles.
No quotations are permitted in this paper. Each paragraph (except the introduction and conclusion) must contain at least one in-text citation
Since you are engaging in research, cite in the body of the post and add a reference list in APA format. NOTE: failure to use research with accompanying in-text citations to support content will result in reduced scoring "Level 2-Developing" on the grading rubric.
This is a professional paper, not a personal one based on feelings. It must be written in the third person. This means words like “I,” “we,” and “you” are not appropriate.
Assignment Expectations
Use the APA-formatted template (OPM300 Case3) to create your submission.
The template is set up in APA 7: double-spacing, font, margins, headings, page breaks, APA help links.
Operation Tools
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Operational Tools
Enterprise Resource Planning (ERP) is a software structure put in place to assist businesses in supporting automation and integration of the day-to-day running of a business, such as supply chain, human resources, accounting, production, and much more (Skider, 2022). ERP has proven to be effective as it makes work easier, highly productive, and highly agile as anyone from the management can easily acquire the required data at any given time with internet access. Further, individuals can easily track data and time of entry to make a significant decision based on the information. Thus, to implement the best ERP, a company should have a clear vision of implementation and the required team and resources to meet the requirements of a particular software.
Understanding ERP
According to Biel, ERP is popular as the database can easily be accessed by employees and decision-makers as soon as they need the information ( Biel, 2023). Further, Biel argues that at least 70% of large enterprises use ERP in their operations. In 2019, the revenue generated by the software was approximately $ 39 billion, creating a 9% increase in the growth of software use ( Biel,2023). In North America, ERP is estimated to be worth $ 10 billion. This means that the demand to invest in software increased for businesses. However, when a company is investing in ERP software, it should consider the following elements.
First, the main purpose of ERP is to reduce cost, while at the same time increasing productivity. This means that return on investment is a factor to consider while investing in a software system. According to Biel, a group of companies that invested in software systems experienced their ROI in about 2.5 years ( Biel 2.5). This means that the kind of software a company invests in varies on investment, proficiency, and purpose. Further, the adoption and use of software vary. For instance, software for the hotel industry would be different from software for an IT company. This is because, the software for the hotel industry might be more complex in organizing bookings and reservations, kitchen production, and relevant banquet events. This means the software must capture all the details to ensure a smooth flow of activities from check-in to check-out of any given client. Thus, the purpose, vision, and operation of a specific software tool are relevant to be predetermined and make sure there is enough manpower for the system.
CONS
However, ERP can be complex and made to fail as it entirely depends on a system ( Frey & Durbin,2022). Investing in ERP software is expensive and capital extensive. Installing ERP software means that a specific company has to train its employees and decision-makers to make sure effective. Further, Frey argues that even after investing in th...