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Enterprise Resource Planning

Enterprise Resource Planning. - Presented by Rinkal Hirani. Session 2. Session 2. Tangible and Intangible Benefits of an ERP Risks of ERP Risk Mitigation Technologies related to ERP. Tangible Benefits of an ERP. Reduced Inventory costs Reduced Manpower costs Reduced Material costs

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Enterprise Resource Planning

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  1. Enterprise Resource Planning - Presented by Rinkal Hirani Session2

  2. Session 2 • Tangible and Intangible Benefits of an ERP • Risks of ERP • Risk Mitigation • Technologies related to ERP

  3. Tangible Benefits of an ERP • Reduced Inventory costs • Reduced Manpower costs • Reduced Material costs • Improved Sales and Customer service • Efficient Financial Management

  4. Intangible Benefits of an ERP • Accounting • Product and Process Design • Production and Material Management • Sales • MIS Function

  5. Risks of ERP • People Issues • Process Risks • Technological Risks • Implementation Risks • Operation and Maintenance issues

  6. People Issues • Change management • Internal staff adequacy • Project team • Training • Employee re-location and re-training • Staffing • Top management support • Consultants • Discipline

  7. ProcessRisks • Program Management • Business Process Reengineering • Stage Transition • Benefit Realization

  8. Technological Risks • Software Functionality • Technological Obsolescence • Application Portfolio Management • Enhancement/Upgrades

  9. Implementation Risks • Project Size • Length Implementation Time • High Initial Investment • Unreasonable Deadlines • Insufficient Funding • Interface • Organizational Politics • Scope Creep • Unexpected Gaps • Configuration Difficulties

  10. Risk Mitigation • Phased-out approach to migration • Sufficient Training • Legacy System planning • Thorough testing • Provide plenty of IT support • Develop contingency plan

  11. Technologies related to ERP • Business Process Re-engineering (BPR) • Data Warehousing • Data Mining • On-line Analytical Processing (OLAP) • Product Life cycle Management (PLM) • Supply Chain Management (SCM) • Customer Relationship Management (CRM) • ERP Security • ERP Bolt-ons

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