Group 8's Presentation

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Group 8's Presentation

  1. 1. Enterprise Resource Planning Jill Clifford Meaghan Flaherty Tiffany O’Brien Christopher O’Malley
  2. 2. Old v. New <ul><li>Legacy systems </li></ul><ul><ul><li>old and mixed languages </li></ul></ul><ul><ul><li>inefficient </li></ul></ul><ul><li>Traditional databases </li></ul><ul><ul><li>not user friendly </li></ul></ul><ul><ul><li>not web enabled </li></ul></ul><ul><li>ERP -the way to go! </li></ul>
  3. 3. ERP Definition <ul><li>Automates the business process by integrating information across the company and eliminating complex links between computer systems. It is easily understood software that mirrors the organization </li></ul>
  4. 4. Chain Reaction Production/ Procurement Sales/Distribution Financial & Human Resources = Healthy Operations All Around
  5. 6. 70% of companies launch e-commerce applications that are not integrated with their brick and mortar business practices
  6. 7. Key Players
  7. 8. Choosing Your Vendor <ul><li>Functional fit with business practices </li></ul><ul><li>Implementation time </li></ul><ul><li>Availability of upgrades </li></ul><ul><li>Customization required </li></ul><ul><li>Total costs (licensing, training, implementation, maintenance, customization and hardware requirements </li></ul>
  8. 9. The Bottom Line <ul><li>Total Cost of Ownership (TCO) of ERP, was $15 million </li></ul><ul><ul><li>highest was $500 million </li></ul></ul><ul><ul><li>lowest was $400,000 </li></ul></ul><ul><li>Small to midsize companies can’t afford to make mistakes in ERP implementation </li></ul>
  9. 10. Advantages of ERP package <ul><li>User friendly </li></ul><ul><li>ROI earlier than software developed in-house </li></ul><ul><li>Easy enterprise wide information sharing </li></ul><ul><li>Customer-Supplier have on-line communication </li></ul>
  10. 11. Competitive Advantages <ul><li>Lower costs: Antioch </li></ul><ul><ul><li>median annual savings $1.6 million per year </li></ul></ul><ul><li>Integrated system: Boeing </li></ul><ul><ul><li>financial data </li></ul></ul><ul><ul><li>manufacturing process </li></ul></ul><ul><ul><li>HR information </li></ul></ul><ul><li>Efficiency: Insurance Industry </li></ul>
  11. 12. Implementation <ul><li>Project drivers </li></ul><ul><li>Pooling of resources </li></ul><ul><li>Pick software vendor </li></ul><ul><li>Existing platforms, systems and data </li></ul><ul><li>Project teams </li></ul><ul><li>Scheduling and logistics </li></ul><ul><li>Retraining employees </li></ul>
  12. 13. Potential Problems <ul><li>Not getting desired ROI </li></ul><ul><li>Hiring new employees </li></ul><ul><li>Retraining current employees </li></ul><ul><li>Crossing departmental lines </li></ul><ul><li>Time consuming </li></ul><ul><li>What if there is a merger? </li></ul>
  13. 14. Dealing with the Problems <ul><li>LCO - Lowest Cost of Ownership </li></ul><ul><ul><li>ROI Case Studies </li></ul></ul><ul><li>Training </li></ul><ul><li>Mission-Critical Business Processes </li></ul><ul><li>Time Efficiency </li></ul>
  14. 15. Final Thoughts <ul><li>Lowers Costs </li></ul><ul><li>Increases Efficiency </li></ul><ul><li>Reduces overhead </li></ul><ul><li>Manages and Maintains YOUR business processes </li></ul>ERP HELPS YOU!

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