Research Paper

Aug 5th, 2017
Anonymous
Category:
Engineering
Price: $5 USD

Question description

Enterprise Resource Planning (ERP)

Using scholarly material, explain how Enterprise Resource Planning (ERP) Systems mitigate risk and assist in organizational decision making. In addition, explain why mitigating risk and making better decisions are essential to operational efficiency.

The paper must follow the APA format rules, and contain 4 to 5 pages of content, not count the title page and a reference page. Need five scholarly references.

Introduction, Conclusion, and subheadings are mandatory

No Plagiarism

APA

Tutor Answer

(Top Tutor) drcayrinds
School: Purdue University
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Attached.

ERP RISK MITIGATION

1

How Enterprise Resource Planning mitigate risk
And assist in organizational decision making.
NAME:
INSTITUTION:
COURSE:
PROFESSOR:
DATE:

ERP RISK MITIGATION

2

Enterprise Resource Planning, ERP, is a system and method of using computers technology
to run business back in the office for various functions such as Financials which entices general
ledger, account payable and account receivable, Procurement, Selling, Operations including
manufacturing, warehouse, quality, HR and Payroll. Making decisions on an enterprise wide
basis, business planning and information sharing are all facilitated by the Enterprise Resource
Planning. Moreover it came into a sharp visibility in the 1990’s and energetically developed a
decade later in the 2000’s after evolving from a system known as the Manufacturing
Requirement Planning with integration of data between customers, vendors and manufacturer
using networks such as Internet. Software programs and mainframe computers had early ERP
systems thus they integrated the various smaller systems used in different parts of the company.
In modern types, it is barely possible to use a fully integrated system to handle all back office
system since they have become fully featured.
Implementing a new ERP is betting a business on the outcome. It may take millions of
dollars no matter how small the business is. Nevertheless the time to implement it may be longer
if it gets to spread over multiple businesses but normally is takes less than six months. Rushed
implementations can result in months of expensive triage. For a second attempt, barely the buyer
gets to purchases a new ERP as a result of failure or it being botched enough. It comes a beware
situation to the buyer forcing him to look for ways to mitigate ...

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