Erp Report On Smes

2889 words - 12 pages

| |

Submitted by:
Anoop Phanse 11FN-074
Rohit Chandak 11FN-0
Saurabh Rathi 11FN-091
Shail Sheth 11FN-097
Soumyarup Chatterjee 11FN-106
Sourabh Bhave 11FN-107
Microsoft | ERP Implementation in SMEs |


In the post-liberalization and opening up of the economy business era, ease in international trade barriers, economic liberalization, globalization, privatization, disinvestments and deregulations have thrown several challenges to small and medium-sized enterprises (SMEs) in the fast-developing economies like India. Compressed product development cycles, cut throat domestic and global competition, economic downturns, rapidly changing ...view middle of the document...

In effect, this can greatly assist the organization to carry out its operations in more effective and efficient ways and allow the workforce to interact and collaborate in an information-enabled environment.
Using ERP, large manufacturing firms are linking up with their suppliers and customers located in any part of the world. Employees are sharing information with each other on a real-time basis. ERP can expedite responses to customers’ orders and queries, reduce inventory, shorten production cycle time, improve quality, enhance the efficiency of delivery of products and services and strengthen in-company coordination (Markus et al., 2000; Jaiswal, 2007).
After focusing on the large-scale firms, the ERP vendors are now targeting on SMEs (Yen et al., 2002; Olhager and Selldin, 2003). In recent times, many multinational companies have restricted their operations to partnering only those midsize companies that are using compatible ERP software. Hence, it becomes essential for many midsize companies to adjust their business model and adopt ERP software that is compatible with the large enterprises with which they deal (Rao, 2000). However, ERP implementation in SME and large organization cannot be viewed at par as there is vast difference in characteristics between two. Particularly in SMEs, there are severe resource limitations in terms of management and manpower, R&D, finance, marketing, etc. SMEs deal with small number of customers and operating in limited markets. Their structure is flat and flexible (Addy et al., 1994; Burns and Dewhurst, 1996; Ghobadian and Gallear, 1997).
Though the ERP is needed in all organizations, its implementation is not successful all the time. There are many failures, even for large firms that have the resources needed to perform a careful planning and implementation (Bingi et al., 1999; Hayes et al., 2001; Mandal and Gunasekaran, 2003). One-third of ERP implementations fail, or not successful to their expected goals. ERP implementation is a complex and huge cost involvement procedure (Sarkis and Sundarraj, 2003). There have been horror stories of ERP implementation and improper implementation has taken the companies to bankruptcy and in several cases organizations decided to abandon the ERP implementation projects. Some of the reasons are lack of support of top management, resistance from employees, poor selection of ERP systems and vendors, marginal end results, etc. (Bhatti, 2005).
A misnomer that has gained acceptance in the recent past is that ERPs are meant for large organizations. This statement is partly true. The ERPs marketed are expensive and smaller organizations cannot afford them (Rao, 2000). Taking into consideration the uncertainties in business environment, most of the ERP vendors are moving their attention towards SMEs by offering cheaper and simplified solutions that appeal to this market segment such as ERP system with compact packages, flexible pricing policies, new implementation...

Other Papers Like Erp Report On Smes

Footnall Essay

620 words - 3 pages This is a group assignment. Please arrange yourselves into groups of 4 (one team may have 5) and submit your team names within the next week. The project will be due around 09April13 depending on how our classes progress. ASSIGNMENT Group members: Faraz Syed, Zheng Kang Qu, Shu Jun Wan, Timothy Leancy You and your team are members of a small consulting company that has been engaged recently by the Fitter Snacker Company (FS). They feel

Empowerment Of Msme Essay

1839 words - 8 pages in any country. Now let’s move to the number of hindrance of for these MSME: (I) Conflicts between the Institute: In India as many as four or five institutions such as ministry of trade and industry, local government, rural development institutions, women's affairs ministries and others; each doing the same thing without adequate consultations and harmonization. (II) The major constraint faced by SMEs in India is "Power" i.e

Volkswagan In America - Managing It Priorities

596 words - 3 pages Case Study 1: Volkswagen in America – Managing IT Priorities INTRODUCTION This report identifies problems and recommends effective solution to CIO of VWoA Dr. Matulovic regarding the new priority management system for approving important IT project and also making right decision in spending IT project budget. IMPACTS OF INSUFFICIENT FUNDS * Estimated project budget was $170 Million but the parent organisation allocated only $60 Million

No Title

613 words - 3 pages also be passed on to Controlling (CO). SAP FI Modules contains the following sub-modules ◾General Ledger accounting ◾Accounts Receivables ◾Accounts Payable ◾Asset Accounting ◾Bank Accounting ◾Consolidation ◾Special Purpose Ledger ◾Travel Management General Ledger Accounting: - The general ledger accounting is to provide a complete report for external and internal accounting i.e. Accounts, Journals, Monthly debits and Credit, Balance


9510 words - 39 pages Achievement Award from the Commission on Higher Education. PRESS RELEASES SMEs must be ready for ASEAN economic integration by 2015 Two years from now, the Philippines and other ASEAN members will be moved toward a single market and production base under the ASEAN Economic Community (AEC) by 2015. However, the readiness of our small and medium enterprises (SMEs) for this regional economic integration draws a big question mark. PIDS Vice

Acc 557 Business Plan

2303 words - 10 pages assigned weapon (M4 carbine). All Soldiers must qualify with their weapon in order to graduate from basic training. The Army has infrequently placed a high precedence on marksmanship proficiency. The Afghanistan conflict is winding down. The Department of Defense will continue draw down the active duty forces in 2014. The goal of the reduction is to reduce the Army's manning structure to 490,000 in two years. These initiatives have

Overall Operations Analysis Of A Garments Factory In Bangladesh

2142 words - 9 pages evaluate the real time operations of a readymade garments manufacturer company. We hope that our findings will help to shed light on the operations of the overall garments industry. Methodology: The report was based on primary data collected from G.K. Garments. To complete this report, we went to the G.K. Garments, an affiliation of Azim Group situated in Savar, to learn about its overall operation and inventory management and other relevant


3959 words - 16 pages migrated into computerized spreadsheets. Gradually, accounting systems like Enterprise Resource Planning (ERP) integrates business process to provide user the best information they can use. The technological development today like the internet makes ERP became cloud-based and makes information available anytime and anywhere. Netsuite is one of leading cloud-based business management software provider in the world. Its mission is to provide

Country Attractiveness Report(Banking In China Vs. Vietman)

2993 words - 12 pages Country Attractiveness Report Alex V Sukhodolov Business in Asia Date: 04-19-2014 Executive summary Recent trends on borrowing and payment system for instance, in salary payment, debt payment, mortgage borrowing and payment as well as other loan services, more and more industries and institutions are dependent on banks more than ever before. This high dependability on banks is in fact making this banking industry

Hr Plan For Lce

5390 words - 22 pages . Life Cycle Engineering’s mission is to enable people and organizations to achieve their full potential. As a professional services organization our mission is focused on our clients’ people and organizations. It is our company’s cornerstone belief that we will not lead the industry in assisting our clients unless we excel at helping our own people and teams reach their full potential. LCE’s mission depends on emotional engagement of our own

Value Chain

1682 words - 7 pages Contents Coursework Header Sheet 2 Introduction 5 Week One 6 Week Two 6 Week Three 6 SUPPLIER RELATIONSHIP 6 CUSTOMER RELATIONSHIP 7 IMPORTANCE OF TEAM WORK 7 Evaluation of Mass vs. Lean Production 8 REFERENCES 9 VALUE STREAM MAP 10 Coursework Header Sheet201029-58            | | Course | MARK1174: Business Proj 2 (Value Chains) | Course School/Level | EN/UG | Coursework | Simulation Game Report | Assessment

Related Essays

Benefits And Challanges Of Erp Essay

2796 words - 12 pages have a direct impact on the performance of the business. Another crucial thing that has to be well thought-out while implementing the ERP system is how to gain competitive advantage; however, in order to create this competitive advantage companies must be well coordinated and in order to implement the system successfully companies must involve, supervise, recognize and retain everyone who will work closely with the system. Furthermore, this essay

Identification Of Local Smes’ Development Barriers In Food Service Industry In Kingdom Of Saudi Arabia (Ksa)

8819 words - 36 pages Statistics and Information Department’s estimates, Yearly Report of National Economy 2010-2011 4 Identification of Local SMEs’ Development Barriers in Food Service Industry in KSA, the Western Province (2012) expenditures on infrastructure has been increased which encourages private sector to reinforce investments. At 2011, king Abdullah with his council has set up some systematic decisions to develop Saudi Economy. Apparently, these decisions

Smes Failures Essay

4169 words - 17 pages ECONOMIC IMPLICATIONS OF CONSTANT POWER OUTAGES ON SMES IN NIGERIA International Centre for Basic Research, 20 Limpopo Street, FHA, Abuja College of Engineering and Engineering Technology, Department of Electrical and Electronic Engineering, Michael Okpara University of Agriculture, Umudike, Abia State been identified [2]. A particular finding revealed the high cost of providing back-up energy (partly infrastructural) for SMEs which sometimes

Technology Essay

254 words - 2 pages This report is compiled by the Nottingham Pro ® as a part of an attempt to participate in a government-sponsored project the 2010 ICT Showcase. The main purpose of this proposal is to present a product or service for the 2010 ICT Showcase, with an aim to help small and medium sized enterprises (SMEs) with their strategic planning. Without further delay, our team, Nottingham Pro ® conducted a market survey on the Grocery Sector in the United