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Enterprise Resource Planning
Internal Assignment Applicable for December 2020 Examination
1. Educational Institutions are looking for ERP solutions to improve operational efficiency and student life cycle. They need to manage numerous programmes, courses, student and employee performance and records and provide services to students. Indicate areas where ERP solutions can help them by focusing on the student life cycle and identifying the supporting functional areas.
Ans: 1.
Introduction
Enterprise Resource Planning is a software application with an integrated application that helps organizations collect data, manage data, interpret and store the data from other several business activities. A common
2. ERP helps in integration of various functional areas within the organisation. How can Internet technologies and today’s latest trends like social networking and mobile technologies enable the business to strategically connect with its customers, suppliers, and others stakeholders? Explain this with an example.
Ans. 2.
Introduction
ERP has played a vital role in improvising business methods and to stand in the competitive market in the present era. It helps in integrating various functional areas within an organization. Along with it now, there can be seen a new trend of promoting one’s business through social media. Social
3. Synergy Pvt. Ltd. is a retail grocery store chain with a central distribution centre and 50 retail stores in a major metropolitan area. Managers at all levels at the head office, at the distribution centre, and in the retail stores need reports to develop a sales plan that indicates the expected sales volume for each item for the subsequent week. The distribution managers require actual delivery data as against the delivery standards to optimize distribution. All orders from the local stores are filled from the central distribution centre. The central distribution centre purchases inventory from suppliers and allocates it to the local stores based on a sales forecasting report. If a local store needs to replenish its stock because an item has fallen below a desired inventory level, the store manager can request additional stock from the central distribution centre.
Synergy Pvt. Ltd. is facing a problem of managing its distribution system and delay in accounting. The company requires a system to control inventories and manage the distribution process of various products to the stores. Delay in sales information is the main cause of concern.
a. How can an ERP address their concern? Discuss the inter relationship between various functions to justify your answer. (5 Marks)
b. Outline the broad requirements of a new system identifying the players and atleast three tasks at each level .
Ans. 3.
Introduction
As ERP (Enterprise Resource Planning) has proven the best system to manage the various functional areas of a business, it can not be ignored to gain more profit on installing an ERP system in the business house. A big retail store like Synergy Pvt. Ltd. having a chain of the grocery store with a central distribution center and 50 retail stores in a major metropolitan area, must have taken
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