Enterprise Resource Planning (ERP) is an integrated software system. ERP projects are a subclass of software projects often accompanied by large-scale organizational changes. ERP attempts to integrate all departments and functions across a company onto a single computer system that can serve all the particular needs of those different departments. That is a tall order, building a single software program that serves the needs of people in finance and it answers the needs of the people in human resources and in the warehouse. Each of those departments typically has its own computer system optimized for the particular ways that the department does its work.
Balanced scorecard is a management and a strategic planning system that is in use all over the world in our businesses, industry, government agencies and non-profit organizations (NGO). This strategy aims to improve organizational communication both internal and external, bring into line business activities according to documented vision and strategic plan of an organization that is putting them into action. Robert Kaplan in liaising with David Norton in a session designed the balanced scorecard idea made use of the tool that measures organizational performance instead of using financial measures. They developed the system basing on the disadvantages companies accrued when using the old measures like the financial measures. They only measured short term and were manipulated more quickly thus not giving out exact measure of an organizational performance thus most companies have opted for balanced scorecard.
Introduction Over the last few decades, the consolidation and practice of Supply Chain Management (SCM) concepts has led the logistics service provider business (3PL – Third-Party Logistics) to play a more comprehensive and integrated role with its clients. Following this trend, new configurations of this role have appeared, such as logistics integrators (4PL – Fourth-Party Logistics), which combine the management and operation of supply chain logistics (Sahay, 2003) UPS, the one of the leading 3PL, has also been trying to enter the 4PL market to renew another glory again. In UPS official web site, it 4PL service is clearly labeled. “With our proven 4PL capabilities, UPS Supply Chain Solutions offers customers a full-service portfolio, including
Technical analysis of customer journeys has become a decisive feature for many digital marketing agencies. It is believed that that companies that analyse data outperform their competitors (Leeflang et al. (2014). Tesco is an example of a top-tier company that relies of data to gain an insight into customer’s behaviour and spending habits. Tesco gather data through loyalty cards, scanners, web sites and marketing research and analysis the data to get a thorough understanding of their customers.
Question 3 Strategic decision enablers occur within an organisations environment. There is a external environment which is known as competitive intelligence (focuses on the external environment) these are the type of activities that mostly generate data about competitors and other external factors. Then there is the business intelligence systems which are part of the internal information systems which provide structured information on the businesses historical performance. The information obtained from these streams differ a lot so thus there’s integration mechanisms for the organizations to analyse this information and put it in an actionable format. These mechanisms can be people, technology or processes.
Moreover, computer engineers are greatly tangled in the software and hardware generation of microprocessors, personal computers to circuit design. Also, computer engineering has two major divisions, hardware and software. In addition, computer software engineering involves development, design and testing software. Software designers elaborate in installing networks in companies such as intranets, installing new software in companies or upgrading their computer systems. As well, they work on designing applications to encounter the needs of a corporate or any particular person and also as a business where they sell software to an enterprise or individual.
Subsequently, management by objectives has gained an increasing publicity and largely influenced many industrial organisations like Fords and General Motors, amongst many others as shown in Peter Starbuck’s case studies (Starbuck, 2012:99) and is currently a taught topic within the academic curriculum in areas such as management and administration. Koontz & O’Donnell (1968) define MBO as a management system which permits both the senior manager and his subordinates establish organizational goals, break set goals into short term ones, determine the procedures or methods of achieving set goals. It also defines the responsibilities of the members of the organization and establishes a system of evaluation to ensure that set goals are achieved at minimum cost. They further say that MBO establishes a reward system which serves as the only means of recognizing and rewarding the hard work.
The Internal Controls used in Computerized Systems As an auditor, whether internal or external, junior or senior, you will be exposed to computerised financial reporting, when working with clients, and therefore, a basic knowledge of computers is expected. We can for example, look at the way in which businesses pay employees, creditors, etc, though EFT's (electronic fund transfers) - us meaning that understanding how this is controlled is of importance when auditing payroll/acquisition systems. One of the specific objectives on internal control is to achieve reliable reporting. This is also referred to as the production of information by the information system which is valid, accurate and the complete risk of material misstatement in the financial
3. PREAMBLE 3.1 Introduction Nat-ventory is an application that shall be used by the sales executives, sales manager and inventory manager which shall ease their work to perform the required task, to keep a track of the inventory management system. In today's business environment, even small and micro enterprise businesses have come to rely on computerized inventory management systems. The inventory firms operating in industries that feature high volume turnover of raw materials and finished products, cloud based storage system have emerged as a key component of business strategies aimed at increasing productivity and maintaining competitiveness. Inventory management is one of the key activities of business logistics, that has always
Answer 1 Introduction: - CRM defines interaction a firm has with its clients or consumers. There are different relationship i.e. behavioral, dedication, intentional and constraint. a. CRM (customer relationship management) is all aspects of interactions that a company has with its customers, whether it is sales or service-related. While the phrase customer relationship management is most commonly used to describe a business-customer relationship (B2C), CRM is also used to manage business to business (B2B) relationships.