Research Paper on ERP Systems

User Generated

fxl230

Computer Science

Description

Explain how and why Enterprise Resource Planning (ERP) Systems mitigates risk and assists with organizational decision making.

The paper should follow APA format and contain 4-5 pages of content, not count title page and reference page. Need 5 peer reviewed references in reference page.

*Introduction, Conclusion, and subheadings are mandatory

*No Plagiarism

*APA

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Hello,kindly consult me if you need any editing, formatting, or clarification. Thank you

Running Head: ENTERPRISE RESOURCE PLANNING SYSTEMS

Enterprise Resource Planning Systems
Students Name
Professors Name
Course Title
Date

1

ENTERPRISE RESOURCE PLANNING SYSTEMS

2

Introduction
Enterprise resource planning (ERP) systems is a software that helps in the overall
business functions of a given company or organization. With a company managerial department
understanding and having the prior knowledge about the enterprise resource planning systems
will automatically ease the operational processes of the entire business (Leon, 2014 ). With the
establishment of the ERP systems or solutions, the firm's backgrounds and predetermined goals
are established clearly. ERP therefore is a homogeneous and complex system that covers
information throughout the firm's departments hence standardizing its operations. These
departments include the finance area, procurement, manufacturing, marketing and many other
departments within the company (Hoch, & Dulebohn, 2013).
How Enterprise Resource Planning (ERP) system assist in decision making.
The Enterprise Resource Planning system plays a great role in a firm but if only it's
properly managed Since this software is entitled to carry out all the business activities in a given
institutions, basics in each and every department can be accessed in a single system hence getting
the information required. Enterprise Resource Planning system also provides and facilitates the
required information through data tracking hence the decision-making plan becomes easier and
faster because you can access any departments reports under one database. Though the access to
overall information, there's reduction of operations risk which is mostly encountered by improper
information storage and therefore the ERP system helps in data facilitation (Leon, 2014)

ENTERPRISE RESOURCE PLANNING SYSTEMS

3

Customers also can get the right information of a business without hesitation since all
basics are readily available in one port. For example, if a customer would like to get updates
from the sales department and again from the marketing department, they get a standard
information under one point and no clarification required from any heads of the department
reason being that all information across the firm can be figured at one point. This helps in overall
activities connection up and down the line ( Hoch, & Dulebohn, 2013). Proper implementation of
this system helps in efficiency in operations and therefore cost of operations is reduced by a
greater percentage because the right decisions are made through a reliable port whereby no
change of information.
Through the right implementation of the ERP package, there is a proper identification of
all business risks. These risks include the security risk which is approved by the auditors (both
the internal and external auditors). Auditors go through the entire business operations within a
given period of time and finally come up with a detailed information about the entire business
and all departments operations. This feedback, therefore, assist and help in the betterment of the
business operations at large (Nofal, & Yusof, 2013). We also have the data management risk that
is attained through a continuous program testing aiming at risk management and proper decision
making through the correct information attained. The last type of risk is the technical risk
whereby if the outdated versions are replaced with new technology solutions, definitely, there
will be the flow of information hence increased work flow through the right decision made.
Therefore, Enterprise Resource Planning systems help in the flow of information whereby the
senior managers make the right decisions and manage business ...


Anonymous
Super useful! Studypool never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags