MIS: Sinosteel strengthens business management with ERP applications 1) What is the business of Sinosteel‚ what are its major challenges‚ and how would an ERP system address the challenge they face? Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources‚ trading and logistics raw materials and products‚ and it is also related engineering technical service and equipment manufacture. The company is decentralized (it has many subsidiaries)‚ while its
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beginning of the video‚ Sinosteel is a very important company‚ currently holding 86 subsidiaries under its administration‚ among which 23 are abroad. Sinosteel grew through the acquisition of these subsidiaries and is likely to keep this pace within the years to come. Before the implementation of ORACLE in 2005‚ Sinosteel had to face some issues directly related to this large amount of daughter companies and the size of the company itself. We can outline two main issues Sinosteel had to take care of:
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would like to adopt an online Supply Chain Management System (SCM) whereby the customers may buy company ’s products online via company ’s website and able to track the status of the order including the availability of the stocks by integrating the Online Sales System with the company ’s Inventory‚ Manufacturing and Production System. 2.0 Type of Project √ Revenue Generating √ Cost Savings 3.0 Type of System Horizontal: The implementation of the online SCM will
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Business Research Paper: Synopsis of the Enterprise Resource Planning (ERP) System Enterprise Resource Planning (ERP) System is a software system that supports and automates the business processes by providing timely and accurate enterprise-wide information for decision making (Vemuri & Palvia‚ 2006). This paper is based on the research article‚ "Improvement in Operational Efficiency Due to ERP Systems Implementation: Truth or Myth?" by the authors Vijay K. Vemuri and Shailendra C. Palvia‚ which
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software is basic bookkeeping transaction for business. Currently‚ the evolution and improvement of the information technology had transformed the accounting software into more advances and dramatically improve the software. With the improved accounting software‚ it enables many business organizations to process transactions for multiple corporate divisions and in foreign currencies as well as optimized their resources. At the same time‚ the business organizationableto customize the way in preparing
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CASE 3 ERP Purchase Decision at Benton Manufacturing Company‚ Inc. MIS 6330 In case study III-4‚ titled “ERP Purchase Decision at Benton Manufacturing Company‚ Inc.‚” describes in detail what a major manufacturing company experiences while considering a substantial investment with the implementation of an ERP (enterprise resource planning) system. Among the company’s management personal opinions vary‚ some doubt the need of such a system while others support and justify the expense. The
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Overlooking the purpose of the ERP system. 2. Lack of commitment from top management. 3. Poor ERP system selection. 4. Poor project management. 5. Inaccurate data. 6. Ignoring user reluctance for new applications. 7. IT staff implementation issues. 8. Unrealistic expectations. The CEO must be the custodian of ERP debate over who should serve as guardian over an organisation’s ERP can be settled with one answer - the Chief Executive Officer. My ERP is not integrated and I
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How information systems support the business processes in an organization. Information System (IS) refers to a system of people‚ data and actions that process the information in an organization. An effective information system (IS) is one that minimizes data and maximizes information. A functional business information systems support the business functions of marketing‚ production‚ accounting‚ finance‚ and human resource management through a variety business operational and management practices
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(EPR) System Table of Contents 1.0 Executive Summary With the society develops‚ the demand of the company’s economic growth is rising rapidly. Improving efficiency is no longer only for production‚ but also the company’s data processing. Companies with various sizes are seeking ways to increase their profits. Yet they end up finding out that it is hard to process plenty of information during their business. Enterprise resource planning (ERP) system
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Executive Summery After studying how the logistics industry benefited from using Enterprise Resource Planning system‚ SAP software‚ we found the following. • Improved communication The communication between partners of the company and within the company had improved • Increase in profits Increase in profit by reducing expenditure and increase in sales • Better security The business data is centralize‚ consolidating separate security systems into a one structure •
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