Contents Week 1 - Principles, concepts, and features of enterprise systems. 2 Lecture and Tutorial Content. 2 Week 2 - Data in Enterprise Systems. 4 Lecture Content 4 Tutorial Content. 4 Week 3 - 5 Lecture Content 5 Tutorial Content. 5
Week 1 - Principles, concepts, and features of enterprise systems. Lecture and Tutorial Content Enterprise is an organisation, especially a business, or a difficult and important plan, especially one that will earn money. It requires people to: - · Source inputs - people, materials, and knowledge. · Convert inputs into saleable outputs. · Sell outputs to customers. · Organise and manage limited resources in the enterprise. Value chain - the business activities and processes of creating a product or providing a service. It involves primary activities (inbound logistics, operations, outbound logistics, marketing, and sales) and supporting activities (firm infrastructure, HR management, technology development, procurement, etc.). ERP (Enterprise Resource Planning) - is a large-scale application software package that supports business processes, resource management, information flows, reporting, and data analytics in complex organisations. It also supports enterprise-wide or cross-functional requirements rather than a single department or group within the enterprise, integrating people, business processes, information, and systems in order to acquire an overview of the business based on a single information architecture and achieve a common strategic business goal. What makes ERP systems unique: - · ERP systems have the potential to link and automate all aspects of a business, incorporating core processes and main admin functions into a single and technology architecture, bringing together previously isolating information systems with the goal of providing a more whole or complete information resource. . Transactions occur one time at the source, in real time, and maintains an audit trail of all transactions. · Performs internal conversions automatically (tax, foreign currency, legal rules for payroll). Types of data: - 1. Master data - data that remains unchanged in a system (however it can be changed sometimes e.g., when someone legally changes their name, or a vendor changes their address). 2. Transactional data - data generated through daily activities and processes (keeping a count of something) e.g., sales order, request for leave, and request for quote.
3. Analytical data - data generated through the information obtained from master and transactional data e.g., stock level, weekly sales figures, and cash balance. ERP systems allows you to make a digital image of what is taking place inside the business. It only contains data only entered in the ES, provides a better understanding of what is happening across all areas of the enterprise, providing insights & foresights for future strategies, and solutions for problems in the enterprise. Benefits of an ERP system: - · Improved management decision-making. · Improved financial management. · Improved customer service and retention. . Ease of expansion/growth and increased flexibility. · Faster, more accurate transactions. . Headcount reduction. · Cycle time reduction. · Improved inventory/asset management. · Fewer physical resources/better logistics. · Increased revenue. Disadvantages of an ERP system: - · Expense, time, and