Current Status of ERP systems -Web enabling ERP vendors have to shift from the server to web-enable for

better delivery of self-service and better electronic commerce capabilities. -Adoption of Application Service Provider Companies are able to use ERP on transactional basis instead of purchasing ERP products on traditional licensing system. Users of the company are able to access to the ERP product that is hosted by the service provider under ASP. The benefit is able to focus on the core business and reduce internal IT establishment. However the liability is lack of customisation. -Cloud Computing it is becoming more popular due to low capital and running costs involved and lesser time to implement on the operations of the company. Companies are able to obtain Software as an Service (SaaS) over the internet and upgrade the systems globally and the cost of ownership is lesser. (2)

http://www.managementstudyguide.com/past-and-current-directions-erp.htm (1) http://www.aic.gov.au/documents/C/4/D/%7bC4D887F9-7D3B-4CFE-9D88567C01AB8CA0%7dtandi400.pdf (2) rest of the factors belong to link (1)

Future Directions Of ERP systems - New Markets Due to saturated market, the focus has turned to target Small and Medium Enterprise (SME). SMEs are able to enjoy on lower price for the entry of their products, supplementing their products through reseller channels and shift the products to platforms such as Microsoft Windows NT. - New Channels Open up the prospect on reseller channels for SMEs and entry price point is lower for different type of modules to achieve low cost in the global market. Rapid Implementation Methodologies Proving effective tools and better methodologies based on clients requirements to reduce the problems associated with difficult implementation of the software. Application Platforms Using appropriate modules to support the core processes in the company for multinational deployment. Promote Cyber Security of Cloud Computing Government can provide incentives for cloud service providers to create better integration for the system to reduce the chances of cybercrime. The objective is to fulfil the competitive advantages, protecting the providers from rogue clouds and espionage risks. (2) http://www.scribd.com/doc/19251418/CHAPTER-6-Future-Directions-in-ERP (1) http://www.aic.gov.au/documents/C/4/D/%7bC4D887F9-7D3B-4CFE-9D88567C01AB8CA0%7dtandi400.pdf (2) rest of factors belong to (1)

Information Systems

Information system is defined as a unique configuration of IT resources and different type of organization processes which allows IT resources are used to support a variety of specific organization processes. In order to implement the ERP systems. information system will help the company to : - Cope with different standard business procedures. - Develop ideal solutions to solve ERP difficulties - Maximise efficiency through good maintenance, effective monitoring and dedicated technical support http://www.oasisinformatics.com/?p=225

Organization http://www.stubbornsoft.in/erp-solutions/

Organizations

Technology

Process

People

Strategy

Develop IT strategies to achieve efficiency of operations in time and cost savings.

Unified the business core processes for good standardization.

Conduct appropriate training for different types of roles in the company for better communication.

Design a competitive strategy to meet the objectives for operational excellence.

Benefits :
Achieve customer satisfaction. Able to track inventory easily. Excellent support for future business growth. Maximise operation efficiency.

Integration

Integration is defined as integrate various types of information resources for better data collection, warehouse management, etc. This is to provide the system with more reliability and overcoming isolation of information systems. (1)

http://www.informationbuilders.com/erp-integration (1)

http://epistemypress.com/books/bpi/ - the picture

Introducing the concept of an enterprise system The concept of ERP system is to ensure integration of data across the system and support the major functions of the organization. The goal is to ensure information flow through dynamic and immediate ways, increasing the value and usefulness of the information. This is to reduce the chances of data inconsistency. By integrating across all departments, this is to ensure needs of each department can be met, better communication and sharing of data. As a result, following benefits can be shown after introduce ERP system : - Increase supply chain efficiency. - Reduce operating costs. - Faster response to changing market demand - Easy for customers to access to products and services. - Extract business intelligence from data.

ERP textbook page 28

Establish Business Case Migros Group is a retailer company based in Spreitenbach, near Zurich, Switzerland. It has more than 37 retail stores, total of 86000 employees and achieve annual turnover of CHF 710 million. As the market is very fast-moving and comparison of prices by the consumers, therefore Migros needs more accurate analysis of its sales performance data. This is to alter the prices in the products and categorize the slow-selling stock and fast-selling stocks. Although Migros's business processes already supported by SAP ERP applications, it decided to implement SAP HANA for real time reporting. Because of the implementation, Migros has experienced a boost in its sales volume due to the following factors: - Acceleration of delivery of key sales reports. -Gain real-time insights into retail sales figures. -Collect information on the current consumer trends. In conclusion, implementation of SAP HANA helps to combine the speed and efficiency of the server and faster access to data. Business data is able to be analyzed, helping to eliminate the barriers of real-time operations and lower the costs of the operations.

http://www-01.ibm.com/software/success/cssdb.nsf/CS/STRD95ZFB4?OpenDocument&Site=gicss67sap&cty=en_us

Managing stakeholder relationships Proper management on expectations of stakeholders can help to create positive relationships with them on supporting the objectives and policies of the companies. This is to recognize their efforts in their communication over the different types of risks and contributions. Some of the following principals below show the importance of managing stakeholder relationships: - Need to observe the concerns of the stakeholders and take their views into certain decision-making processes. - Proper communication with the stakeholders can understand their needs and concerns due to their involvement with the company. - Manager needs to be careful with the behaviours and capabilities of each individual stakeholder. - Ensure stakeholders' effort is recognized by acknowledging their fair share of efforts, giving them the correct benefits. It is to prevent any internal conflicts within the company, thus affecting the reputation. - Manager has to know different moral responsibilities and potential conflicts for the best interests of the stakeholders. Manager will have to respond to these issues by having open communication and appropriate incentive systems. - Having a close working relationship with private and public stakeholders to prevent any illegal activities bring harm to the company, therefore preventive measures like compensation must be given if the need arises.

http://www.healthknowledge.org.uk/public-health-textbook/organisation-management/5bunderstanding-ofs/managing-internal-external-stakeholders