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Benefits of an ERP BABASAB PATIL
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Benefits of an ERP BABASAB PATIL

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Benefits of an ERP BABASAB PATIL

Benefits of an ERP BABASAB PATIL

Published in: Technology, Business

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  • 1. Session 2 Tangible and Intangible Benefits of an ERP Risks of ERP Risk Mitigation Technologies related to ERP
  • 2. Tangible Benefits of an ERP Reduced Inventory costs Reduced Manpower costs Reduced Material costs Improved Sales and Customer service Efficient Financial Management
  • 3. Intangible Benefits of an ERP Accounting Product and Process Design Production and Material Management Sales MIS Function
  • 4. Risks of ERP People Issues Process Risks Technological Risks Implementation Risks Operation and Maintenance issues
  • 5. People Issues Change management Internal staff adequacy Project team Training Employee re-location and re-training Staffing Top management support Consultants
  • 6. Process Risks Program Management Business Process Reengineering Stage Transition Benefit Realization
  • 7. Technological Risks Software Functionality Technological Obsolescence Application Portfolio Management Enhancement/Upgrades
  • 8. Implementation Risks Project Size Length Implementation Time High Initial Investment Unreasonable Deadlines Insufficient Funding Interface Organizational Politics Scope Creep Unexpected Gaps
  • 9. Risk Mitigation Phased-out approach to migration Sufficient Training Legacy System planning Thorough testing Provide plenty of IT support Develop contingency plan
  • 10. Technologies related to ERP Business Process Re-engineering (BPR) Data Warehousing Data Mining On-line Analytical Processing (OLAP) Product Life cycle Management (PLM) Supply Chain Management (SCM) Customer Relationship Management (CRM) ERP Security