The Enterprise resource planning is the integration of the various forms of the corporate functioning that can be gained by using the Information Technology. The main objective for the small and the large manufacturing company have the ERP is to track the activities and the supply chain and the inventory that are been purchased for the final shipments to the customers (Dong, Du and Qi 2016). This form of the integrated view of the company data can be improved from the information that are been shared from the collaboration across the functional and the corporate form of the boundaries.
The manufacturing companies can use the ERP for making the internal processes much more efficient. The real form of importance of the time information are flown in the system to simplify the method of the data collection and the analysis of the format of the reporting that essentially improves the process of the decision making (Demeke 2014). The streamlines of the ERP has demanded the planning of the inventory restocking and the functions of the production delay as the adjustments that are made by the management is in the real form of time (Demeke 2014).
The reduction in the cost is the most important reason behind the small and large form of the business investment that has the considerable time and money for implementing the ERP systems (Dong, Du and Qi 2016). The efficient form of processes that are in the first step in reducing the waste and the increase in the productivity that usually leads to the reduced cost of the production (Srinivasan 2014). The system of the ERP improves the sales forecasting that can lead to the improved management of the inventory throughout the chains of supply (Srinivasan 2014).
The quality improvement is the important form of goal for the ERP (Demeke 2014). The software technology usually allows the benchmark of the management and its quality for the quality performance against the several manufacturing companies that were there in the same industry and were potentially against the establishments of the quality of the standards that includes the statistical Six Stigma tool for the measuring defects (Srinivasan 2014). The ERP has made it easier for the detection and correcting the defects in the finishing the products and the problems that are faced in the process of manufacturing. The Quality improvements always refer to the increased level of the customers’ satisfaction and that essentially increases the retention of the customer and the corporate probability (Demeke 2014).
The efficient form of the processes for the cost reductions and the quality improvements generally leads to the higher form of the profit margins (Srinivasan 2014). The quality adds on the value of the brand that is important for the growth of the drive markets (Demeke 2014). The integrated form of the demand planning, the tracking of the inventory and the financial form of the reporting allows the management to anticipate the various changes in the buying habits of the customers and make the necessary form of the adjustments for sustaining the margins of the profit (Srinivasan 2014).
Discuss the pros and cons to customising the system.
Managers at all the various levels have the real time for accessing the data that includes the status of the production and the and essentially summarizes the financial form of reports (Kempton 2014). The managers of the mid level have even shopped for the supervisors that can make the operating decisions that include ordering the additional inventories or changing the schedule of production (Bradford 2015).
In the domain of ERP systems the word “customization holds a most dreadful word in the ears of the executives. In other words, most of CEOs and the CFOs always wants to use the system that is out of the box and therefore without making any form of changes to the codes of the software. This phenomenon led to the personalization and the configuration that each of the ERP implementation requires, however, when it comes to the heavy amount of changes in the softwares, most of the executives do not want to listen to the matter.
Every form of changes that are made in the ERP softwares makes the upgrade that are very much complicated and complex in nature (Bradford 2015). The employees who are working in the organization now have stopped the upgradation and also maintaining the system of ERP as the customizations have been made for the paths very costly. However, the key reason for the companies for replacing the current ERP system is due to the customizations that are done beyond the expectations of the individuals (Bradford 2015).
However, it is detrimental that in which way the people should customize their facebook profiles or they create the personalized form of the radio stations on the panders or order the individualized products from their favourite consumer product companies are being accustomed with the unique form of solutions (Parthasarathy and Sharma 2014). Ironically, the clients that demand the most homogeneous form of the ERP systems are often ones that are have provided the most customized form that are made to order the products in their industries. Moreover, the new generations of the young aged employees those are used for the flexible technologies for the uniform and the generic approaches towards the work life and the hard form of adjustments.
How should IGT handle change management during ERP implementation?
The discrete form of the change management within the globalized market of the organization includes various five forms of factors or components (Walker and Ellenthal 2016).They are the Executive Buy ins, Cultural Considerations, Employee engagements, Communication and training.
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Demeke, S., 2014. Success Factors for Implementation of Enterprise Resource Planning System at Ethiopian Airlines (Doctoral dissertation, Addis Ababa University).
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Shapiro, A.J., 2015. Digital asset delivery system and method. U.S. Patent 8,935,658.
Bradford, M., 2015. Modern ERP: select, implement, and use today's advanced business systems. Lulu. com.
Parthasarathy, S. and Sharma, S., 2014. Determining ERP customization choices using nominal group technique and analytical hierarchy process. Computers in Industry, 65(6), pp.1009-1017.
Elghany, M.A., Elghany, M.A. and Khalifa, N., 2015. Best-of-Breed of ERP Systems: Pros and Cons. systems, integration, 4(03).
Kempton, J., 2014. Asset Management of low-zero carbon technology in social housing. Structural Survey, 32(1), pp.14-31.
Walker, J.S. and Ellenthal, M.P., Igt, 2016. Applications for gaming devices in a networked environment. U.S. Patent 9,489,800.