Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

PROJ6009 Business Process Management

tag 0 Download5 Pages 1,231 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

How Do Enterprise Resource Planning Systems Affect Firm Risk?

In A Handbook of Business Transformation Management Methodology.

 

Answer:

Introduction: 

Business process Management (BPM) and the Enterprise Resource Planning (ERP) are very closely related management information technology that helps to improve the performance of the business operation by assessing their existing condition and finding solution is a automatic environment. The report focuses on the implementation of ERP system in BPM for a chosen company named Samsung Company that can allow the business operation to be more simplistic as well as cost and time efficient. In this report the process, tools and criteria for the implementation process have been analysed. The advantage of incorporating IoT system in the BPM has been assessed with cost benefit analysis.  The accountability of life cycle in Samsung Company has been also taken into the consideration while examining the implementation.

ERP options integrated in the BPM for Samsung Company 

The Business process Management of the Samsung company is highly integrated with its ERP or Enterprise Resource Planning technology that allows the business authority to examine the existing manufacturing system, supply chain, resource allocation and cost efficiency within a automated business process to provide a profitable and sustainable development. The major options integrated within the ERP system of Samsung company are scheduling, resource allocation, financial controls and even consumer relationship management (Balko & Vasudevan, 2014). Moreover the ERP options on the Business process management of Samsung Company focused on assessing, monitoring and updating the executions of the business operation.

 

Processes, tools, and criteria to evaluate ERP options 

Many tools are used to evaluate ERP options within the BPMS system of the Samsung company. The major evolution criteria of ERP tools are Consumer relationship, account management, bank reconciliation, benefit administration, CRP or Capacity Requirements Planning, MRP or Material Requirement Planning, BOM or Bill of Materials, Logistics management, Business Intelligence or  BI, Email Tools, Business to Consumers Commerce, Advance Allocations, Change management, API integration, flexible network design and Advance Planning System and Training (Leon, 2014). Apart from that, the financial stability, Vendor management and Support installation of the ERP are also essential.

ERP system support the supply chain, logistics, procurement, and performance monitoring

The Samsung Company can use ERP or Enterprise Resource Planning technology in their logistics, quality management, monitoring and procurement operation by utilising the automating controlling and the resource allocation in order to increase their operational and functional productivity.  Samsung Company can use ERP for their supply chain management in order to calculate the most price and time efficient chain planning for inbound and outbound logistics (Tian & Xu, 2015). Samsung Company uses ERP integrated with their KPI and scorecard system for their recognition and rewording procedure. Samsung company is also using the ERP system integrating with the BPM for the procurement process that comprises analysis of existing condition, finding the scope of improvement, determining the required resources and planning of the most effective resource collection process.

IoT facilitate BPM or affect ERP application in Samsung company

Samsung uses Internet of Things (IoT) from 2nd generation development of multi duplex network system in order to execute a real time monitoring and controlling environment for the logistics, manufacturing and HR management system. After the intervention of 4th generation of wireless networking the IoT has the wider opportunity with the smart phones, tablets, laptops and other portable platforms. For upcoming years, Samsung Company is planning to execute a virtual operation and simulation program with the incorporation of ERP in order to examine the success factors a prototype development (Vom Brocke, Petry  & Gonser, 2016). On the other hand, ERP system is under the use of virtual team management and marketing across the globe.

Opportunities for improvement in evaluating commercial packages or other options

The commercial operation of Samsung Company is manly distributed in electronics and electrical products and services. Therefore, the improvement of the commercial packages would involve with the price base marketing and product selection procedure for the products and service. ERP system can help the market selection, targeting and pricing strategy of the commercial packaging system of the Samsung Company. ERP is very beneficial for the implementing BPM where the accounts, finance and billing system for the commercial transactions are implemented (Bullen, Microsoft Technology Licensing LLC, 2018). Along with the commercial packaging the ERP system of BPM can be also widely utilisable for partnership selection, communication system and even in legal compliances. 

Figure: Accountability of ERP in the BPM

Source: (Ewe, Pekerten & Ma 2016)

Cost-benefit analysis of integrating ERP with BPM 100

In order to conduct the cost benefit analysis of utilising ERP with the BPM in the Samsung Company the financial report of the 2016 and estimation of 2020 of this company has to be analysed.

Options of utilisation

Changed Cost for using ERP in BPM (+ represents increase and – represents decrease)

Changed Benefit of using ERP in BPM (+ represents increase and – represents decrease)

Return on investment

+8%

-5%

Consumer relationship

+2%

+10%

Logistics operation

+10%

+15%

CSR activity

-2%

+5%

Marketing and Promotion

+3%

+10%

Procurement process

+15%

+10%

Monitoring

+10%

+5%

Total

+46%

+50%

Result

(50%-46%)= 4%

Table: Cost benefit analysis

Source: (Created By author)

From the above cost benefit analysis it has been clear that the after incorporating the ERP system in the BPM of the Samsung Company the benefit can be increased 4% more than the increase of the Cost.

Implementation plan for Samsung Company 

In Implementation plan, the Samsung Company should focus on the change management process where the workforce and the management operation can work in a synchronised operation. Samsung has to analyse the driving force and estimated resistance force for these changes (Dar et al., 2015). Then, the management of the organisation can execute defreeze, change and en-freeze plan with appropriate leadership and managerial operation. The implementation plan should be utilised in both in house and outsource operation. However, the primary focus of this plan should be more on in house development.

Accountability of life cycle

Throughout the incorporation of ERP in the BPM of the Samsung company the company should also focus on their life cycle plan of manufacturing procedure. This would help to alter the logistics and the supply change management according to the implementation plan in both national and global business operation.

Conclusion:

The report focuses on the implementation of ERP system in BPM for a chosen company named Samsung Company that can allow the business operation to be more simplistic as well as cost and time efficient. From the above report, it has been found that incorporating IoT system, accountability of life cycle process, tools and criteria are the major components of the BPM system under the process of incorporating ERP.

 

Reference: 

Balko, S., & Vasudevan, K. (2014). U.S. Patent No. 8,849,747. Washington, DC: U.S. Patent and Trademark Office.

Bullen, G.N., Microsoft Technology Licensing LLC, (2018). Enterprise resource planning oriented context-aware environment. U.S. Patent Application 10/026,058.

Dar, K., Taherkordi, A., Baraki, H., Eliassen, F., & Geihs, K. (2015). A resource oriented integration architecture for the internet of things: A business process perspective. Pervasive and Mobile Computing, 20, 145-159.

Ewe, T., Pekerten, O., & Ma, L. (2016). U.S. Patent No. 9,420,054. Washington, DC: U.S. Patent and Trademark Office.

Leon, A. (2014). Enterprise resource planning. McGraw-Hill Education.

Tian, F., & Xu, S. X. (2015). How Do Enterprise Resource Planning Systems Affect Firm Risk? Post-Implementation Impact. Mis Quarterly, 39(1).

Vom Brocke, J., Petry, M., & Gonser, T. (2016). Business process management. In A Handbook of Business Transformation Management Methodology (pp. 137-172). Routledge.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2019). Business Process Management. Retrieved from https://myassignmenthelp.com/free-samples/proj6009-business-process-management.

"Business Process Management." My Assignment Help, 2019, https://myassignmenthelp.com/free-samples/proj6009-business-process-management.

My Assignment Help (2019) Business Process Management [Online]. Available from: https://myassignmenthelp.com/free-samples/proj6009-business-process-management
[Accessed 15 December 2019].

My Assignment Help. 'Business Process Management' (My Assignment Help, 2019) <https://myassignmenthelp.com/free-samples/proj6009-business-process-management> accessed 15 December 2019.

My Assignment Help. Business Process Management [Internet]. My Assignment Help. 2019 [cited 15 December 2019]. Available from: https://myassignmenthelp.com/free-samples/proj6009-business-process-management.


Are you having a hard time working on a research paper? Myassignmenthelp.com has a perfect solution for you. The professionals at MyAssignmenthelp.com are more than capable of assisting you if you don’t know how to write a perfect research paper. We have a special team of research paper writers who can work on any research topics. Do not lose this chance of securing top grades. If you still feel doubtful, you can check out some online researcher tips, and see for yourself how efficient our services are.

Latest Management Samples

ACC8003 Accounting Information Systems And Controls

Download : 0 | Pages : 6

Answers: Answer to question 3 The case of a furniture company is considered, there are various problems that are faced by the company at time of their growth. The issue is there are many unstaffed staffs that are not able to understand the basic operations and functions. Thus, for this training should be offered so that problem of failure could be resolved. While understanding the case study of Queensland’s furniture it was found that ...

Read More arrow

MGT601 Dynamic Leadership 1

Download : 0 | Pages : 8

Answer: Introduction: My journey as a leader started in my family. Being the first born, I had the responsibility to look after my siblings especially when the parents were not around. My parents trusted me, and they knew that everything would be fine when they were not around. They used to assign tasks such as feeding my young brother and ensuring that he does not cry. At church, I was appointed as the Sunday school leader, and I used ...

Read More arrow

HRMG204 Organizational Behavior 1

Download : 1 | Pages : 12

Answer: Introduction: The Australian Defense Force Academy failed due to the filming of two male and female cadets who were having consensual sex, whereby the female cadet did not know that they were being filmed (Welch, 2018 p.1).  The sex footage between the two cadets was streamed to a separate room where other cadets watched which resulted in two cadets being charged with the offensive use of a carrier service (Roberts-smit...

Read More arrow

MGT302A: Strategic Management

Download : 0 | Pages : 6

Answer: Introduction In the current economic world competition is very high. As a result, industries in the economic field have to find ways to ensure survival and to keep up with the competition. The survival of any business relies on opportunity creation that enables the business to explore new ventures and to equally compete with other businesses in the field. The opportunities created also ensures the growth of the business. The developme...

Read More arrow

BSBMGT608 Manage Innovation And Continuous Improvement 1

Download : 0 | Pages : 12

Answers: Question 1 Management by Objectives refers to a management approach where managers set objectives to improve performance in the future (Thomson, 1998). As an approach, it encourages managers and employees to continuously ask what needs to be done to improve the current situation and thus supporting innovation and continuous improvement. Question 2 The supply chain and service delivery systems include the following: Radio Freq...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,164,507

Orders

4.9/5

Overall Rating

5,051

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

93 Order Completed

100% Response Time

Jackson Mitchell

MiM (Masters in Management) in Supply Chain Management

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

1309 Order Completed

100% Response Time

Gemmie Chen

MSc in Nursing

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

416 Order Completed

95% Response Time

Tyler Moore

MBA in Accounting

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

203 Order Completed

97% Response Time

Richard Alpert

PhD in Psychology

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

My assignment was completed on time and i got complete marks. IT WAS EXACTLY THE WAY I WANTED IT.

flag

User Id: 299002 - 15 Dec 2019

Australia

student rating student rating student rating student rating student rating

This was amazingly put together, I could not have asked for a better company to do my assignment. Delivered earlier than expected. Absolutely amazing.

flag

User Id: 260056 - 15 Dec 2019

Australia

student rating student rating student rating student rating student rating

thank you again, it is a good work, everything is perfect. I am very happy. It is not the first time and I know that I can count on you.

flag

User Id: 265909 - 14 Dec 2019

Australia

student rating student rating student rating student rating student rating

Love using this company they are very useful always on time . I absolutely would recommend them

flag

User Id: 334177 - 14 Dec 2019

Australia

student rating student rating student rating student rating student rating
Have any Query?