mid sized enterprise resource planning systems

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Mid-Sized Enterprise Resource Planning Systems Jeremy Watkins IT323 Laura Welmers November 1, 2011 06/23/2022 1

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Page 1: Mid Sized Enterprise Resource Planning Systems

04/13/2023 1

Mid-Sized Enterprise Resource Planning Systems

Jeremy Watkins

IT323Laura Welmers

November 1, 2011

Page 2: Mid Sized Enterprise Resource Planning Systems

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Topic Discussions

What is an Enterprise Resource Planning (ERP) System?

How does an ERP System benefit a Mid-Sized Enterprise?

Discuss the functional areas in a Mid-Sized Enterprise.

How do the functional areas interact with one another when using an ERP System?

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What is an Enterprise Resource Planning (ERP) System?

Enterprise resource planning (ERP) systems integrate the planning, management, and use of all of an organization’s resources.

An enterprise resource planning systems is one the main software that major companies rely on to manage data on a daily basis.

Enterprise resource planning systems make up of various business processes which are a number of inputted processes.

These input processes are retrieved through various queries and outputted in the form of sales reports, forecast, and spreadsheet (Monk and Wagner).

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How does an ERP System benefit a Mid-Sized Enterprise?

• The main objectives of Enterprise resource planning (ERP) systems are closely inter-related with other functional areas of the mid-sized organization and to enable information to travel throughout the other functional areas.

• Integration means that changes in one functional area will be replicated to the other functional areas (Rainer and Turban).

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What are the functional areas in a Mid-Sized Enterprise?

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Accounting and Finance Department

In the accounting and finance department, understanding enterprise resource planning (ERP) systems is very important.

They perform financial accounting to provide summaries of operational data in managerial reports, controlling accounts, planning and budgeting, and cash-flow management.

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Accounting and Finance Department (cont’d)

It is also necessary to be aware of the transactions of all functional areas in a mid-sized business and how all systems are interconnected.

Financial accounting systems are one of the key components in an enterprise resource planning package.

Mid-sized companies consult with their clients through an enterprise resource planning system.

A number of conflicts in the supply chain, ranging from inventory to risk analysis, all apply to the accounting and finance department (Rainer and Turban).

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The Marketing and Sales Department

Set the prices for products, promote product thought advertising and marketing, takes customer orders, support customers, and create sales forecasts.

Expenses are usually the primary targets in reducing cost. Cost reductions not only improves the employee’s productivity but also increases customer service.

Understanding how downstream segments work is important to the marketing and sales analyst. Downstream segments are used by the marketing and sales department to distribute channels and conduct customer service.

Not utilizing downstream segments creates problems along the supply chain, reduces customer satisfaction, and deters marketing efforts. (Rainer and Turban).

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The Marketing and Sales Department (cont’d)

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Supply Chain Management Department

• Assist the manufacturing department when managing production tasks, handling of material, and inventories. The system also helps to reduce reoccurring costs with vendors and increase competitiveness.

• Supply chain management departments produce the plan and orders of raw materials which are shipped by its suppliers.

• They usher in the raw material into a business and ship the finish product to their valued customers (Monk and Wagner).

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Supply Chain Management Department (cont’d)

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Supply Chain Management Department (cont’d)

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Supply Chain Management Flow Chart

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The Human Resources Department

• The human resource department is responsible for hiring new employees.

• They ensure that each employee is in compliance with various business functions by administering training. Human resources also evaluate employees to determine if they eligible for certain benefits.

• Human resource employees need to understand the way data travels from their department to other functional areas within the network infrastructure(Monk and Wagner).

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The Human Resources Department (cont’d)

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The Human Resources Department (cont’d)

Interactions between professionals along the supply chain are important for overall effectiveness of the supply chain because the integration of functional areas between different enterprise resource planning programs greatly affect the skill requirements of the employee. Employees need to have knowledge of the customer relationship management system.

The human resource manager is more than likely to be involved in setting the customer relationship management system, which may assist the other human resource employees as well (Rainer and Turban).

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Topic Recap

What is an Enterprise Resource Planning (ERP) System?

How does an ERP System benefit a Mid-Sized Enterprise?

Discuss the functional areas in a Mid-Sized Enterprise.

How do the functional areas interact with one another when using an ERP System?

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?Any Questions?

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Works Cited

• Monk, Ellen F., and Bret J. Wagner. Concepts in Enterprise Resource Planning. Australia: Course Technology Cengage Learning, 2009. Print.

• Rainer, R. Kelly. Introduction to Information Systems: Supporting and Transforming Business. Hoboken, NJ: Wiley, 2008. Print.