Term
Cross-Functional enterprise systems |
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Definition
Cross boundaries of traditional business functions in order to reengineer and improve vital business processes all across the enterprise |
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Term
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Definition
Enterprise Resource Planning- Is a cross functional enterprise system driven by an integrated suite of software modules that supports the basic internal business processes of a company |
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Term
3 cross functional business systems |
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Definition
- ERP- Enterprise Resource Planning
- SCM- Supply Chain Management
- Enterprise Collaboration Systems
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Term
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Definition
- Cross-functional enterprise
- supports internal business processes such as:
- order processing
- inventory management
- production planning
- tracks business resouces and commitments
- Creates a real time view
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Term
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Definition
- Accounting and Finance
- Production and material management
- Human Resources
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Term
ERP and Accounting and Finance |
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Definition
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General ledger
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accounts payable
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accounts receivable
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budgeting
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asset management
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Term
ERP and
Production & materials management
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Definition
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Demand forecasting
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production scheduling
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job cost accounting
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quality control
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Term
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Definition
- Payroll
- benefits
- compensation
- performance assessment
- legal compliance
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Term
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Definition
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Term
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Definition
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Requires huge investments of cost and time
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A very complex process of implementation
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Redesigning business processes and training employees is challenging
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Converting data from legacy systems takes time
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Risks of failure are large
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Term
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Definition
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Underestimating the complexity, costs, and time for implementing ERP
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Use of software suite and implementation plan used elsewhere without adapting
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Failure to involve employees affected by ERP
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Trying to do too much too fast in the conversion process
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Insufficient training
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Failure to do enough data conversion and testing
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Over reliance on ERP software vendor claims or prestigious consulting firms
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Term
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Definition
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Use of more open, flexible, standards-based architecture
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Web-enabling ERP
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Integrating ERP with business partners’ systems
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Bringing together ERP, CRM, SCM, Procurement, and Enterprise portals
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Term
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Definition
Supply Chain Management -A cross-functional interenterprise systemthat uses information technology to help support and manage the links between some of a company’s key business processes and those of its suppliers, customers, and business partners
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Term
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Definition
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Cost control/savings
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Productivity improvements
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Inventory reductions/improvements
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Improved visibility into demand/supply
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Process cycle time reductions
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Quality improvements
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Maintain/gain competitive advantage
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Term
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Definition
- Rapid Demand Fulfillment
- Collaborative Supply
- Chain Planning
- Execution
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Term
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Definition
Give customers what they want, when and how they want it, at the lowest price |
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Term
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Definition
Collaborative Demand and Supply Planning
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Term
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Definition
optimize network of suppliers, plants, and distribution centers
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Term
Collaborative Demand and Supply Planning
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Definition
develop an accurate forecast of customer demand by sharing demand and supply forecasts instantaneously across multiple tiers
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Term
SCM Functions of Execution |
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Definition
- Materials Management
- Collaborative Fulfillment
- Supply Chain Event Management
- Supply chain performance management
Collaborative Manufacturing
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Term
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Definition
share accurate inventory and procurement order information, ensure materials required for production are available in the right place at the right time, and reduce raw material spending, procurement costs, safety stocks, and raw material and finished goods inventory
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Term
Collaborative Manufacturing
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Definition
optimize plans and schedules while considering resource, material, and dependency constraints
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Term
Collaborative Fulfillment
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Definition
commit to delivery dates in real time, fulfill orders from all channels on time with order management, transportation planning, and vehicle scheduling, and support the entire logistics process, including picking, packing, shipping, and delivery in foreign countries
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Term
Supply Chain Event Management
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Definition
monitor every stage of the supply chain process, from price quotation to the moment the customer receives the product, and receive alerts when problems arise
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Supply Chain Performance Management
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Definition
report key measurements in the supply chain, such as filling rates, order cycle times, and capacity utilization
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Term
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Definition
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Term
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Definition
- Lack of proper demand planning knowledge, tools and guidelines
- Inaccurate production, inventory and other business data provided by a company’s other information systems
- Lack of adequate collaboration among marketing, production, and inventory management departments within a company
- Immature, incomplete or hard to implement SCM software tools
Inaccurateor overoptimistic demand forecasts
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Term
Enterprise Collaboration Systems
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Definition
Cross-functional information systems that enhance communication, coordination, and collaboration among the members of business teams and workgroups
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Term
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Definition
- Communicate
- Coordinate
- Collaborate
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Term
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Definition
- Email
- Instant Messaging
- Voice mail
- Fax
- Web publishing
- paging
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Term
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Definition
- Data conferencing
- Voice conferencing
- Video Conferencing
- Discussion Forums
- Chat Systems
- Electronic meeting systems
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Definition
- Calander/scheduling
- Task and Project management
- workflow systems
- document sharing
- knowledge management
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Term
Enterprise Application Integration
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Definition
Software that integrates a variety of enterprise application clusters by letting them exchange data according to rules derived from the business process models developed by users
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Term
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Definition
- Customer Service
- Field Service
- Product Configuration
- Sales Order entry
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Term
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Definition
- Distribution
- Manufacturing
- Sceduling
- Finance
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