Nimisha.M.N
Roll No: 23, Semester-4 MBA-FT, School Of Management Studies CUSAT nimishanandan111@gmail.com
Abstract: Information in large organizations is often spread across numerous homegrown computer systems, housed in different functions or organizational units. ERP is a software architecture that facilitates the flow of information among the different functions within an enterprise. Similarly, ERP facilitates information sharing across organizational units and geographical locations. It enables decision-makers to have an enterprise-wide view of the information they need in a timely, reliable and consistent fashion. Various modules of ERP software has enabled enterprise to optimize its resources and maximize customer satisfaction. The new trend in ERP has enabled customization of the products and the services of the firm providing easy implementation and acceptance of the software. Key Words: Enterprise Resource Planning Developments, Web enabled ERP, Wireless ERP, ERP Future, Recent ERP developments.
1.0 INTRODUCTION
Enterprise Resource Planning is a business management system that integrates all facets of the business, including planning, manufacturing, sales, and marketing. As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP in business activities such as inventory control, order tracking, customer service, finance and human resources. Enterprise resource plannings true ambition is to integrate all departments and functions across a company onto a single computer system that can serve all those different departments particular needs. Thus ERP attempts to integrate all departments and functions
across a company onto a single computer system that can serve all those different departments particular needs. ERP systems are IT systems which are meant to serve all the IT needs of a manufacturing company.
Longer term, open source offers the user the control of custom software and the external resources previously available only with commercial software. With the source code in hand, the user can decide on future support and upgrades. There is no one to "discontinue" the software for him. At the same time, because the software shares the common roots with open source, he can obtain support and upgrades from the open source community or purchase professional-quality support from a range of vendors in the community. Thus, the risks of becoming "stranded" due to the loss of vendor support or key employees are significantly reduced with open source.
recent Forrester survey 1 69% of the companies surveyed felt that the need to implement green (energy-saving) software tools to cut operations costs was an important initiative. This sentiment can only increase given the Presidents new energy agenda and ARRA funding for Green IT initiatives. This trend should increase exponentially given the monies available for these types of programs and the desire to take advantage of these public monies.
The complete rankings of the verticals in regards to expected ERP implementations is listed below: 1. Manufacturing; 2. Media, Entertainment & Leisure; 3. Retail/Wholesale; 4. Public Sector & Healthcare; 5. Utilities & Telecom; 6. Business Services & Construction; and 7. Financial Services. New Growth Markets: Regions. The region that is expected to have the greatest growth in ERP is Germany and the US is second. The complete list is as follows: 1. Germany, 2. US, 3. Canada, 4. France, and 5. The UK. Im a little shocked by the German ranking. I would have thought that the US would have been number 1 but overall I agree with these rankings given the overall strength of each regions economy. New Growth Markets: Company Size. Not surprisingly, anticipated ERP growth is directly related to company size. Those companies with 20,000 customers or more have the highest percentage of companies/organizations looking to implement ERP. This isnt unexpected. What is surprising, however, is that these firms are in the process of expanding now in 2010 and very few of them are planning to expand/implement ERP in the next 12 months.
This investment has further changed management from a hierarchical structure with an emphasis on historical analysis and spreadsheets to a flatter management style focused on instant analysis, widespread collaboration, and real-time analytics. As a result, traditional hierarchical work structures like Executive Management, Line Management, and Middle Management have been replaced by modern business functions such as: Social Networks, Collaboration, PPM, and BI Content Management. These modern functions have replaced the top-down authoritarian mandates of the previous century with a more fluid collaborative decision making process that depends on technology to provide real-time decision making capability and group consensus. As the continued integration of social media (wiki, blogs, tweeter, face book, IM, etc.) into the workplace continues to expand, I believe that this emphasis on People Assets will continue to grow and increase adoption of EERM in the enterprise.
ApplicationHosting 11%
Leisure, and Finance & Insurance. Now when we look at the Transportation vertical (NAICS code 48) closer we see that it consists of 41 micro-verticals such as Scheduled passenger air transportation, Short line Railroads, Taxi service, Freight transportation, etc. Channel partners deliver micro-vertical value by addressing the needs of each of these sub-verticals. For example, if we focus on freight transportation partners, well have the option of developing services and solutions for the following sub-verticals: Line-haul railroads, Deep sea freight transportation, General freight trucking local, Scheduled freight air transportation, etc. This process will essentially allow partners to build an expertise in a vertical that exists within a larger vertical. By focusing on micro-verticals and sub-verticals many channel partners can maximize revenues by focusing on a niche portion of the market wherever market segmentation may exist. The specialization that firms offer when they focus on this micro-vertical approach has been increasing over time as the industry continues to consolidate. As software vendors become all things to everybody customers need the specialization that channel partners bring in order to implement the solutions to the necessary degree of specificity that customers require to meet their business needs. This is one trend that I definitely see continuing into the future.
3.CONCLUSION
Enterprise Resource Planning (ERP) integrates core business areas such as manufacturing, distribution, financials and human resources. ERP is often implemented in companies together with process-oriented organization or Supply Chain Management (SCM). In order to manage the information-flow of such structures new IT-systems are generated known as ERP-Systems. ITsystems of this kind allow managers from all departments to look vertically and horizontally across the organization to see what others are accomplishing or not. It attempts to integrate all departments and functions across a company onto a single computer system that can serve all those different department's particular needs. ERP-systems also implement and automate business processes, putting them into a useful format that is standardized across the corporation and between their suppliers and customers. ERP-systems capture data about historical activity, current operations and future plans and organize it into information people can use to help develop business strategies.
4.REFERENCES
1. Anonymous,2012, What is ERP?, http://www.tech-faq.com/erp.shtml downloaded on 01.04.2013. 2. Anonymous,2012, CRITICAL ISSUES AFFECTING AN ERP IMPLEMENTATION,
http://carl.sandiego.edu/gba573/critical_issues_affecting_an_erp.htm, downloaded on 01.04.2013.
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