chapter 3

ENTERPRISE RESOURCES PLANNING
-Enterprise resources planning (ERP) integrates all department and functions throughout an organization into a single IT system (or integrated set of IT systems) so that employees can make decisions by viewing enterprisewide information on all business operations.

THE IMPORTANCE OF ERP SYSTEM

• Business integration and Improved Data Accuracy: ERP system is composed of various modules/ sub modules where a module represents a particular business component. If data is entered in one module such as receiving, it automatically updates other related modules such as accounts payable and inventory. This updating occurs at real time i.e. at the time a transaction occurs. Since, data needs to be entered only once at the origin of transaction, the need of multiple entries of the same data is eliminated. Likelihood of duplicate/ erroneous data is, therefore, minimized. The centralized structure of the data base also enable better administration and security provisions, which minimizes loss of sensitive data.
• Planning and MIS: The various decision support tools like planning engines and simulations functions, form integral part of an ERP system which helps in proper utilization of resources like materials, human resources and tools. Constrained based planning help in drawing appropriate production schedules, thereby improving operation of plant and equipment. As a part of MIS, an ERP system, contains many inbuilt standard reports and also a report writer which produce ad hoc reports, as and when needed.
• Improved Efficiency and Productivity: In addition to provision of improved planning, ERP system provides a tremendous boost to the efficiency of day to day and routine transactions such as order fulfillment, on time shipment, vendor performance, quality management, invoice reconciliation, sales realization, and cash management. Cycle time is reduced for sales to cash and procurement to pay sequences.
• Establishment of Standardized Procedures: ERP system is based on processes of international best practices, which are adopted by the organizations during implementation. Department silos are purged and maverick practices are done away with. Because of top down view available to management, chances of theft, fraud and obsolescence are minimized.
• Flexibility and technology: Due to globalized environment, where production units, distribution centers and corporate offices reside in different countries, organizations need multi currency, multi language and multi accounting modes, in an integrated manner. These provisions are available in most of the ERP systems, particularly in products offered by tier 1 and tier 2 vendors. ERP vendors are also quick to adopt latest technologies, from mainframe to client server to internet. Unlike a bespoke system, Upgrading to latest technology for a running ERP system is uncomplicated, involving mostly adoption of service packs and patches.

                                   

chapteR 2 QUEStion and aNSWER

QUESTION 1
Do you view this technology as a potential threat to traditional telephone companies?If so, what counterstrategies could tradtitonal telephone companies adopt to prepare for this technology?
-Yes,it is because now in the modern life have more technology will be made.So traditional telephone companies have many competitor when have a new technology.Traditional telephone companies must take the counterstrategies to adopt to prepare for this technology.The counterstrategies is a traditional telephone companies must make a new ideas such as make a new modal  for their companies and try to renew their phone but they can stay make traditional phone and can combine their ideas with their traditional phone.

QUESTION 2

Using Porter's Five Forces describe the barriers to entry for this new technology.

-Threat of new entrants is a Porter's Five Forces the barries to entry for this new technolgy.High,when it is easy for new competitor to enter a market.Low,when there are significant entry barriers to entering a market.Entry barrier is a product or services feature that customer have come to expect from organizations and must be offered by entering organization to compete and survive.Example new bank offers online paying bills.

QUESTION 3

Which of Porter's three generic strategies is the new technology following?

 -Suitable Porter's generic strategies is a focused strategy.Focused strategy is a target to a niche market and concentrates on either cost leadership or differentiation.

 

QUESTION 4

Describe the value chain of the business of using cell phone as a payment method.
-Value chain of the business of using cell phone as a payment method can help cell phone to facilitate the daily work and help make easier to get information and payment method.

QUESTION 5

What types of regolatory issues might occur due this type of technology?
-Hacker,hacker is a cyber criminal.Now,in the modern technology people have more good knowledge to know about technology.When people have knowledge about technology,sometimes people like to use the knowledge on the wrong ways.

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chaPTer 2

IDENTIFYING COMPETITIVE ADVANTAGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CHAPTER 1

BUSINESS DRIVEN TECHNOLGY

Technolgy is very important in daily life.Technolgy have a impact in daily life.The impact is a reducing cost,improving productivity and generating growth.Technology now have more advantages for business.Technolgy can help business more good in business market because when people have knowledge about technolgy that people can use the knowledge to make their business more better and success.