Messages
Proposals
Get Urgent Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework Writing
100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
Table
of Contents
Many organizations
throughout the world are facing many difficulties in business management. The
organizations are using old systems to store or save information about the
company in a safe place. Some of them are using manual systems such as filing
systems placed on the shelves as well as in the almirahs in the file storeroom.
They are also using digital data management and inventory management systems
that is somehow efficient and faster than the manual system. They are using
Microsoft office based excel sheets and word documents to store the information.
To store these files they also have to establish a larger directory structure
to save as well as manage the resources and data such as company’s confidential
information, financial statement, employee’s data, customers data, all
stakeholders information and record, resources of the company as well as other
business-related all information, the administration department in the company make
the ledgers and the multiple directory structures in the computer. Furthermore,
the administration department of the company is also handling multiple store
records into the computer and in the developed software that is operational in
the company. So, the companies and the administration departments are working
very hard to save and manage the data of the company to make the business
profitable.
The managers
and the administration department of the organization are facing several
troubles to manage the company data. Although, the larger companies also have
to face difficulties in the management of the resources and inventory of the
company. The main problem is that they are managing the inventory, sales or the
company, customers, stakeholders as well as all kinds of information or data of
the company but they face problems when they need the relevant data back for
further operations. It is because data is saved into the excel sheets as well
as document files that are placed on the computer. The manager has to waste a
lot of time searching appropriate files from the computer directory plus when
they have desired files then they also have to face problems in searching the
records form those files.
There
is a huge possibility that they may also make duplicated entries in the same
files with the same name or same entities in the excel sheets which can be harmful
to the business or the monetary resources of the company. Another problem
related to the current inventory and business management system is that the
data saved in the computers can be damaged or deleted by the external or inter an
attack on the computer such as viruses, worms, or simply the employees can also
mistakenly delete the record. The system is not very secure as well as not so
much effective. The current inventory and business management system is not that
kind of effect because the managers, owners, or any administration employee
cannot access the data remotely while they are all bound to come in the office
to access the information to make entries.
Further,
in the problem statement, the data files and hardcopies fixed in the files
folders are vulnerable as well as can be damaged easily because the data which
is saved into the computers in the form of spreadsheets, as well as a word
document, can be damaged, corrupted or deleted from the computers. On the other
hand, the hardcopies which are placed in the file folders can be misplaced. When
the administration department professionals, as well as the managers of the
organizations, have to face many problems at the time of searching records or
searching some specific entry from the file because they have to go to the file
rooms to find the specific file as well as they also have to search the
particular excel based spreadsheet or the word document from the computer then
can find the particular records from the current information system
In
these files, it is a high possibility to make a new entry that can be similar
to other entries in the same file that can create trouble and difficulty in the
analysis of the record or data in the future. In simple words, the company has
not the proper systems to handle as well as manage the records that can provide
the security to the data, fasten the processing of the making new entries in
very well managed forms, searching the files and records in a speedy and
effective form. Furthermore, the company must have a proper and effective
system that can manage the inventory, resources of the company, managing the employees
effectively as well as generate the files based on financial records of the
company including the whole system of the company must-have functionality and
capability to provide the security to every element of the record.
The
goal of this study to highlight the main problem that is faced by several
companies, as well as the stated problems, can be vulnerable as well as the
business of the company will become in the future because other companies, as
well as the competitors of the company, may go further to increase their
profitability by making new strategies for the business of the company. Furthermore,
the company cannot hold high market share as well as cannot make effective strategies
for the business of the company. To minimize or resolve this issue, the Inventory
and business management by ERP system is proposed. The system can provide the
facility to manage the inventory including all records as well as data of the
company, as well as it can make the managers as well as the administrative
staff of the company more effective to manage the resources and the finance for
better analysis. The company managers will be able to save their time after
having an ERP system for the company as well as they will not face any kind of
problem to manage the resources of the company as well as the inventory of the
company
The main
benefit of the ERP system implementation in the company is that the data will
be saved in the shared databases server and that data will be accessible from
anywhere with the help of developed applications. Furthermore, the manager will
realize they have the data or files in a very short time and they can spend
more time on the analysis to make further strategies for the company. Although,
the ERP system is very effective that can provide security to the data of the
company because there are many network security protocols are implemented in
the network of this system. The company's whole management work will also
become automated. So, the major concern of this study is to provide awareness
to the mangers of the company that they are facing a lot of problems in their
current business management system. The study on the problem of inventory and
business management will become successful when the companies will be aware of
these issues and they want to take action to resolve such problems
In the
relevance and significance section, it is discussed further about the problem
as well as it is also discussed why the issue is important to discuss in this study.
The relevancy of the issue is that the managers in the company including the
administration department employees always have to spend a lot of time to make
the entries as well as analyzing the records saved into the spreadsheets and
the document files in the computer while the administration staff is facing
problem to make new entries, updating or changing the previous records in the hardcopies.
The whole procedure of management of data and inventory including business
management is very time-consuming. It is because the company has not proper
electrical or software-based management system.
The problem
exists in the company’s current management system that is very time-consuming. Due
to this problem in the current inventory and business management system, the
managers working in the company as well as administration departments of the
company are unable to manage the inventory record, financial record, recourses,
stakeholders. The supply chain of the company as well as other management-related
records. This problem can be understood with the help of an example. If the
company managers are required to develop the new policies as well as have to make
new strategic decisions to enhance the workability, progress of the company,
performance of the employees as well as increase the profitability of the
company by the orders of the owners and directors of the company, they have to analyze
the records of the company including resources, stakeholders as well as financial
records of the company. The files and records searching procedure is very difficult
as well as may take a lot of time.
The significance
of this study is that the problem cannot be highlighted faced by many companies
in the world. Furthermore, the study on the problem statement which is
discussed in this document is providing information to the companies that they
can improve their business management system by grabbing the attention of the company
professionals. The problem which is stated in this document is giving information
on the outcomes of the problems in the business management system. The manager
and the administration department employees have to spent a lot of time or
waste their precious time managing, search, or update new or old records of the
company to perform analysis on that
Furthermore,
the data has no proper location where it can be saved as well as accessible. As
this problem arises, the data files places in the computer’s directories in
digital format can be misplaced or deleted from the computer which is a very
dangerous thing for the business of the company. It is because the company’s IT
department has no any kind of backup system that can help to provide file or
record to restore if it is mistakenly deleted from the computers or it is
misplaced. In the last of this section, these problems can be very dangerous
for the business of the company as well as it is also a very slow procedure
that minimizes the profitability of the company
Aladwani
(2001) described that an unwanted attitude is faced by the top management
commonly when the implementation of enterprise resource planning (ERP) forms
the active potential uses for the specific reasons that they are resisting to
implement the process. So, the top management of the companies must have to
deal proactively with this issue instead of responsive provoking it. Thus, an
integrated process-oriented approach is described by the writer in this study
to face the complicated social problem of resistance form workers to ERP
Holsapple
& Sena (2005) stated in their research that it has been tended to the
aspect of keeping a record as well as their transactional concentration by the
management as well as the implementation of the enterprise resource planning
(ERP) rather than on their capabilities related to the support on decisions.
The study is also exploring the relationships among the decision-making support
as well as the ERP systems based on the perceptions of adopters of the ERP
system. Furthermore, the new insights within the significant objectives are
offered that are considered in plans of the ERP including the objectives of
providing support to the decisions. Moreover, the insights are also provided in
the benefits of decision support the ERP system benefits. The study is
examining and investigating the relationship among the subsequent realization
of decision support as well as the importance of various objectives in the
planning of ERP, benefits from the system of ERP
As stated by Colmenares (2009) in his study that the
purpose of conducting this study to investigate ERP system usage modes on
effective financial management as well as effective accounting at the managerial
level perspectives at the larger companies. Form the adoption of ERP systems on
the financial and accounting information as well as the management process, the
study is identifying the benefits of this system. For the collection of data and
management of data to have insights into the topic which is being investigated,
the qualitative case study technique was also used. The major findings of this
study are associated to introduce the improvements in the process to decision
making at the managerial level, accuracy in the financial statements,
integration of enterprises as well as control and improvements in employee
supervision
Fakoya
& Poll (2013) states telling the benefits of implementation of enterprise
resources planning (ERP) system in the study that the ERP system is implemented
by most breweries to manage their finance, inventory, orders as well as
customer information without integrating with the other systems. The
information and as well as visibility among material flow cost counting (MFCA)
systems and the ERP can be leveraged by breweries through the integration of
such different systems to make the information related to the waste to improved
reduction decisions for waste. It has based on insufficient information on
waste by brewery reduction decisions of waste, with the opportunities for saving
the cost of being lost. So, the integration of ERP systems is explored by this paper to provide waste
information in support of decision reduction of waste.
Furthermore,
an important case study was also conducted for the determination of adequacy as
well as the extent of waste information that was generated from the database
system of ERP and how its integration with other systems can provide support as
well as improve decisions related to the reduction of waste. It was also found
that there was a deficiency in the integration between numerous decisions of the
database in the brewery. The use of another system to capture the information
related to the cost of waste was not present in the brewery since the existing
approach was based on costing variable but other costs related to the waste are
classified under the costs of overhead.
Form
the adoption of ERP systems on the financial and accounting information as well
as the management process, the study is identifying the benefits of this
system. For the collection of data and management of data to have insights into
the topic which is being investigated, the qualitative case study technique was
also used. The availability of sufficient cost, information waste will be
resulted by the integrating ERP system in the organization for better
management. In the last of this paper,
it is concluded that the integration and implementation of the ERP systems by
brewery will reduce the visibility errors of the cost of waste information for
the improved decisions of reduction related to waste
Jarrar,
Al-Mudimigh, & Zairi (2000) described the ERP implementation critical
success factors, the role, and the impact of business process management in
this study. According to the writers, the enterprise-wide systems or enterprise
business system are variously called the enterprise resource planning (ERP)
systems. These wide-ranging, package solutions of software seek to integrate
the complete range of processes of the business as well as functions to represent
the holistic business review form the IT architecture as well as the single information
architecture. Top management support, issues, and the clear vision or insight
of business specific to ERP such as software configuration and ERP strategy,
are included by the critical success factors for the implementation of ERP. Therefore,
some further significant factors are the problems associated with the processes
of the re-engineering business as well as several basic processes for the
integration to the ERP system
In this
section, it is described how the ERP system will be implemented as well as improve
the inventory and management system. In the first stage, an inventory
management component of the ERP system will be implemented in the organization,
and the staff of the office will be trained or educated by providing training
sessions in the company. All of the employees are ordered to make entries in
both current and ERP systems for data gathering. It is because, if the ERP
system will fail, they will not lose their data. After training and development
and performing test, other components will also be integrated and staff members
will again test the systems and then they are free to use the system. The most
important operation they have to perform is to perform make entries, manage
inventory or resources, finance management as well as decision making through
analysis of data save in the database of the system.
Furthermore, the approach of implementation of the ERP system given above is the software testing methodology in which staff members have to use the current system as well as the newly developed system to check the workability, security, and durability. The software could be crashed in some cases and the data of the company many also lost or office staff has to face difficulties to perform their tasks until developers of the system fix issues. So, they also have to make entries in the manual or current record system and this procedure is also commonly called parallel run in a technical context. After checking durability, reliability, workability, load as well as security, the staff is free to use this system.
Aladwani, A. M. (2001). Change management strategies
for successful ERP implementation. Business Process Management Journal,
266-275.
Carton, F., Sammon, D., & Adam, F. (2003). Benefit
realisation through ERP: the re-emergence of data warehousing. Electronic
Journal of Information Systems Evaluation, 155-164.
Colmenares, L. (2009). Benefits of ERP systems for
accounting and financial management. Proceedings of the Academy of
Information and Management Sciences, 3-7.
Fakoya, M. B., & Poll, H. M. (2013). Integrating
ERP and MFCA systems for improved waste-reduction decisions in a brewery in
South Africa. Journal of Cleaner Production, 136-140.
Falkenstein, M., Hoormann, J., Christ, S., &
Hohnsbein, J. (2000). ERP components on reaction errors and their functional
significance: a tutorial. Biological psychology, 87-107.
Fisher, P. L., & Wells, A. (2005). How effective
are cognitive and behavioral treatments for obsessive–compulsive disorder? A
clinical significance analysis. Behaviour research and therapy,
1543-1558.
Holsapple, C. W., & Sena, M. P. (2005). ERP plans
and decision-support benefits. Decision Support Systems, 575-590.
Jarrar, Y., Al-Mudimigh, A., & Zairi, M. (2000).
ERP implementation critical success factors-the role and impact of business
process management. Proceedings of the 2000 IEEE International Conference on
Management of Innovation and Technology.
Li, Y., Liao, X. W., & Lei, H. Z. (2006). A
knowledge management system for ERP implementation. . Systems Research and
Behavioral Science: The Official Journal of the International Federation for
Systems Research, 157-168.
Nwankpa, J. K. (2015). ERP system usage and benefit: A model of antecedents and outcomes . Computers in Human Behavior, 335-344.
Discuss your homework for free! Start chat
