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Advantages And Disadvantages Of TVKGL

1531 Words7 Pages

Summary

TVK Group Ltd (TVKGL) is one of the leading players in the high tech semi-conductor components distribution industry in Singapore.
The objective of this report is to analyze the lack of integration between the systems used in this company and replacing it with an Enterprise Resource Planning (ERP) system.

The goal of this report is providing a list of advantage and disadvantages items regarding adoption of ERP system in TVK Group Ltd, comparing 3 different ERP softwares and implementing the appropriate product that will fit TVKGL’s requirements to achieve their objectives.

The list of followings are Challenges faced by TVKGL:

• Inaccuracies in reports due to manual entry data.
• Unable to keep up with the competitor 's reduced distribution times.
• Excess raw materials and components
• Loss of competitive position, revenues and profits
• Information could not be readily shared.

INTRODUCTION TO ERP SYSTEM In today’s constant changing business environment, the ability to think strategically and tactically is very important. Enterprise Resource Planning (ERP) system is a tool, which helps organization stay competitive by integrating business resources.

ERP systems are software programs used by companies to integrate and coordinate information in every area of the business, supporting the efficient operation of business processes by integrating tasks related to supply chain, procurement, inventory, finance,

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