Understanding ERP

1. Understanding ERP
(Enterprise Resource Planning)
By
Workstream Systems
LSE’s Transformation Steering Committee
Pride • Passion • Commitment
Copyright© 2023 Labuan Shipyard & Engineering Sdn. Bhd. All rights reserved.
The graphics, images, symbols/logos, trademarks, text, website links, themes contained in these presentation slides are the copyright of the respective companies,
bodies or organisations where ever mentioned. Reproduction of contents in this presentation or its use in any manner whatsoever, in whole or in part, is prohibited
without written permission of the publisher.

2. Introduction
• Welcome to the presentation on
Understanding ERP (Enterprise Resource
Planning).
• ERP is a comprehensive software solution
designed to streamline and integrate business
processes across various departments within
an organization or a company like ours.
2

3. What is ERP?
• ERP stands for Enterprise Resource Planning.
• It is a software system that helps businesses
manage and integrate core processes such as
finance, human resources, sales & marketing,
engineering, procurement, warehousing,
production, maintenance and many more.
• ERP systems provide a centralized database
and a unified interface for accessing and
managing data across the organization.
3

4. Key Components of ERP
• Finance: Manage accounting, financial reporting,
budgeting, and cash flow.
• Human Resources: Handle employee data,
payroll, benefits, and performance management.
• Supply Chain: Track inventory, procurement,
manage vendors, and optimize logistics.
• Production: Plan production, schedule resources,
and monitor quality control.
• Customer Relationship: Manage customer
interactions, sales, marketing, and after sales
activities.
4

5. Benefits of ERP
• Improved Efficiency: Streamline business
processes and eliminate redundant tasks.
• Enhanced Collaboration: Facilitate
communication and data sharing across
departments.
• Better Decision Making: Access real‐time data
and analytics for informed decision‐making.
• Cost Savings: Reduce operational costs through
process optimization and resource allocation.
• Scalability: Accommodate growth and expansion
with scalable ERP solutions.
5

6. Common ERP Systems
• There are several ERP software vendors in the
market, offering solutions tailored to different
industries and business sizes.
• Some popular ERP systems include Oracle
Fusion, SAP, Microsoft Dynamics 365, and
Oracle NetSuite.
• Some specific ERP System offered to shipyard
industries includes Aveva MARS, IFS and Spar
Associates.
6

7. Implementation Challenges
• Resistance to Change: Employees may resist
adopting new processes and technologies.
• Data Migration: Transferring data from legacy
systems to the new ERP platform can be time‐
consuming and error‐prone.
• Customization: Balancing between standard ERP
features and customizations to fit specific
business needs.
• Training and Support: Providing adequate training
and ongoing support for users to effectively
utilize the ERP system.
7

8. Implementing Approach
• Executive Sponsorship: Secure buy‐in from top
management to drive the implementation process.
• Cross‐Functional Team: Establish a dedicated team
representing different departments to oversee the
implementation.
• Phased Approach: Break down the implementation
into manageable phases to mitigate risks.
• Training and Change Management: Provide
comprehensive training and support to ensure smooth
adoption of the ERP system.
• Continuous Improvement: Regularly evaluate and
optimize processes to maximize the benefits of ERP.
8

9. Conclusion
• ERP systems will play a vital role in our shipyard
daily operations by integrating and streamlining
core business processes to drive digital
transformation.
• Understanding ERP and its benefits can help us
make informed decisions when selecting and
implementing an ERP solution.
• By overcoming implementation challenges and
following best practices, we can leverage ERP to
drive efficiency, collaboration, and growth.
9

10. Question and Answer
• Now, I'll be happy to address any questions
you may have about ERP.
10