DITF404- ENTERPRISE RESOURCE PLANNING

Description

SESSION	FEBRUARY – MARCH 2024
PROGRAM	MASTER   OF  BUSINESS   ADMINISTRATION (MBA)
SEMESTER	IV
COURSE CODE & NAME	DITF404 – ENTERPRISE RESOURCE PLANNING

 

 

Assignment Set – 1

 

 

1. Discuss about evolution of ERP systems.

Ans 1.

Evolution of ERP Systems

Enterprise Resource Planning (ERP) systems are integrated software solutions used to manage a company’s resources efficiently. They consolidate all processes and information into a single system, facilitating streamlined operations across various departments such as finance, human resources, manufacturing, supply chain, and customer relationship management. The evolution of ERP systems is a fascinating journey of technology adapting to meet the growing needs of businesses.

Early Development (1960s-1970s)

The origins of ERP

 

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2. What are the functions of ERP?

Ans 2.

Functions of ERP Systems

Enterprise Resource Planning (ERP) systems serve as the backbone of many organizations, offering a suite of integrated applications that manage and automate core business functions. These systems are designed to facilitate the flow of information between all business functions inside the boundaries of the

 

3. Explain BPR.

Ans 3.

Business Process Reengineering (BPR)

Business Process Reengineering (BPR) is a strategic approach in management where the fundamental rethinking and radical redesign of business processes are undertaken to achieve significant improvements in critical performance measures such as cost, quality, service, and speed. The concept was popularized in the early 1990s by Michael Hammer and James Champy in their book “Reengineering the Corporation.” This approach focuses on the fundamental reorganization of a company’s operations, often starting from a clean slate to achieve dramatic

 

 

Assignment Set – 2

 

 

4. What are the purposes of inventory management?

Ans 4.

Purposes of Inventory Management

Inventory management is a crucial aspect of business operations for any organization dealing with physical goods. It involves overseeing and controlling the ordering, storage, and use of components that a company will use in the production of the items it will sell as well as the management of finished products available for sale. Effective inventory management helps businesses minimize costs while meeting customer demands efficiently, which is essential for maintaining profitability and operational effectiveness.

Optimization of Cash Flow

 

 

5. Discuss upon ERP package implementation and lifecycle.

Ans 5.

ERP Package Implementation and Lifecycle

Implementing an Enterprise Resource Planning (ERP) system is a significant investment in time and resources for any organization. It involves a series of complex processes that extend from selecting the right ERP package to its implementation, maintenance, and eventual upgrade or replacement. Understanding the lifecycle of an ERP package can help organizations manage the implementation process more effectively, ensuring they reap the full benefits of the system.

Selection of the ERP

 

6. Analyse the direct advantages of ERP.

Ans 6.

Direct Advantages of ERP Systems

Enterprise Resource Planning (ERP) systems integrate various functions across an organization into a single, coherent system, streamlining processes and improving management capabilities. While the adoption of an ERP system requires a significant investment of resources, the direct advantages they provide can substantially benefit organizations in various