Question

In: Economics

Discuss how using the internet has replaced enterprise resource planning. In your answer refer to how...

Discuss how using the internet has replaced enterprise resource planning. In your answer refer to how firm's use intranets.

Solutions

Expert Solution

Enterprise resource planning (ERP) is explained as the type of of software which firms utilizes in order to run daily business functions like project management, process of accounting, supply chain operations, and other risk management activities. Internet helps to enhance ERP and make it more efficient. When a web based interface system is adopted for the solution in ERP then it forms an enterprise information utility for customer , employees and all related to business. Product design, product manufacturing, distributors and suppliers, products marketing and customers can be easily accessed and facilitates through the web enabling system. In managing chargers internet is helpful for retailers of business. Customer choice can be accessed in real time and selection of appropriate products which has market demand can be identified by producers. Integration of various levels in business can be done through internet. The ERP system can attain a improve strength though the web interface enabling. Manufacturing efficiency is also another benefits of the internet usage in ERP.

The private network used by business is referred to Intranet. Intranet basically boost the security in communication between employees. It also helps in storage of relevant information’s and collaboration in business. Many companies used LAN to connect different areas inside company.

* intranet helps to share information’s easily. When E mails are use to share information between employees it takes lot of time to send mails to various departments. When LAN is used there is no time wastage to share information’s

* For a business there is number of information’s to store. And it is difficult to store in excel or as documents in word or in drives. Intranet is this a great advantage for business to store information’s. Employees can be easily access these information’s.

* Intranets utilizes comments feature and it helps to get feedbacks and it helps to improves employees work.

* Intranet makes as space where thee employees can be free to share information’s and add comments. Transparency to share feelings is benefit for works.


Related Solutions

Discuss how using the internet has replaced enterprise resource planning. In your answer refer to how...
Discuss how using the internet has replaced enterprise resource planning. In your answer refer to how firm's use intranets.
Technology and Enterprise Resource Planning As an IT manager, discuss how your company will use Enterprise...
Technology and Enterprise Resource Planning As an IT manager, discuss how your company will use Enterprise Resource Planning (ERP) to integrate the various functions of an entity. What are the advantages of using ERP? In your discussion, please be sure to provide substantive explanation of what ERP is and give example(s) of ERP. Use APA throughout.
Conduct your research on the concept of ERP (Enterprise Resource Planning). What are the pros and...
Conduct your research on the concept of ERP (Enterprise Resource Planning). What are the pros and cons of using ERP?
. Integrated Enterprise Resource Planning systems (ERP systems) or Enterprise Management Systems (EMS) has become very...
. Integrated Enterprise Resource Planning systems (ERP systems) or Enterprise Management Systems (EMS) has become very popular amongst large organizations. Make a thorough study of the various ERP systems that are currently available in Southern Africa, for example, SAP, Baan, PeopleSoft, Oracle, SAS, JD Edwards, to name a few. 2. Determine the strengths and limitations of each and compare the various systems in table format. Remember to refer to your sources of information.
Enterprise Resource Planning (ERP) Systems" Please respond to the following: Give your opinion on which is...
Enterprise Resource Planning (ERP) Systems" Please respond to the following: Give your opinion on which is the greatest risk of failure for an ERP system for an organization: selecting the wrong system ERP model or the wrong consultant not familiar with the company's business operations. Justify your answer. Give your opinion on whether or not the client should just be able to use whatever applications the ERP system provides, given that ERP systems use the best-practices approach in designing their...
The engineering team at Manuel’s Manufacturing Inc. is planning to purchase an enterprise resource planning (ERP)...
The engineering team at Manuel’s Manufacturing Inc. is planning to purchase an enterprise resource planning (ERP) system. The software and installation from Vendor A costs $380,000 initially and is expected to have revenue $125,000 per year every year.Manuel’s uses a 4-year planning horizon and a 10% per year MARR. What is the discounted payback period of the investment (do linear interpolation to answer)?
The engineering team at Manuel’s Manufacturing, Inc. is planning to purchase an Enterprise Resource Planning (ERP)...
The engineering team at Manuel’s Manufacturing, Inc. is planning to purchase an Enterprise Resource Planning (ERP) system. The software and installation from Vendor A costs $360,000 initially and is expected to increase revenue $120,000 per year every year. The software and installation from Vendor B costs $260,000 and is expected to increase revenue $90,000 per year. Manuel’s uses a 4 year planning horizon and a 10% per year MARR. Based on an internal rate of return analysis which ERP system...
The engineering team at Manuel’s Manufacturing, Inc., is planning to purchase an enterprise resource planning (ERP)...
The engineering team at Manuel’s Manufacturing, Inc., is planning to purchase an enterprise resource planning (ERP) system. The software and installation from Vendor A costs $380,000 initially and is expected to increase revenue $125,000 per year every year. The software and installation from Vendor B costs $280,000 and is expected to increase revenue $95,000 per year. Manuel’s uses a 4-year planning horizon and a 10 percent per year MARR. a. What is the present worth of each investment? b. What...
In a recent study of enterprise resource planning​ (ERP) system​ effectiveness, researchers asked companies how they...
In a recent study of enterprise resource planning​ (ERP) system​ effectiveness, researchers asked companies how they assessed the success of their ERP systems. Out of 360 manufacturing companies​ surveyed, they found that 201 used return on investment​ (ROI), 110 used reductions in inventory​ levels,42 used improved data​ quality, and 7 used​ on-time delivery. In a survey of 860 service​ firms,470 used​ ROI,260 used inventory​ levels,100 used improved data​ quality, and 30 used​ on-time delivery. Is there evidence that the measures...
Your company is moving its ERP (enterprise resource planning) system to the cloud. While previously requiring...
Your company is moving its ERP (enterprise resource planning) system to the cloud. While previously requiring multiple development and support teams to enhance and maintain, it will be moving to Software-as-a-Service. This will cause significant change within your company's organizational structure. This system contains sensitive HR and financial data, as well as critical business data. Assume you have a traditional corporate network and functional but highly internalized (not documented) processes in place around your on-prem system.   Identify key risks associated...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT