Management Information Systems

Evaluation criteria

Functional fit with the companys business processes Degree of integration between various components of the ERP system Flexibility and scalability Complexity User friendliness Implementation time Multi-site planning and control Technology Client/server, database, security Amount of customization required Local support Total costs including costs of license, training, implementation, maintenance, customization and hardware requirements

ERP Product selection Criteria

Goal: To select the Most Suitable Software Package Solution Functionality

5 Strategic Requirement Levels

Technology

Vendor

Support

Costs

ERP Success criteria

The firm & optimistic approach of the Management

- on adapting the ERP product driven methodologies - on customization - on monetary commitments

The dedicated Team Good Training Strict adherence to the Project schedules Right technical infra-structure Change Management

ERP Benefits
Easier access to reliable information Automate tasks to perform various business functions Elimination of redundant data and software packages Improved communication between departments, internal and external organizations Better capabilities of forecasting, planning, scheduling, and control

Reduced Time

Reduction of lead-time (Supplier Side)

The elapsed time between placing an order and receiving is known as the lead time.

Reduction in cycle time (Customer Side)

The time between receipt of the order and delivery of the product

On-time shipment

Improved Customer satisfaction

Whether the product or service includes the features that are most important to the customer Whether the company can respond to the customers demands in a timely manner, a criterion that is especially important for custom products and services Whether the product or service is free of defects and performs as expected

Reduction in quality costs

Internal failures costs costs of scrap, rework, re-inspection and low production yields for nonconforming items that are detected before they leave the company External failure costs Warranty claims, repairs and service costs that are result when the failures are detected in the market place Appraisal costs costs of inspection on arrival, during manufacturing, in laboratory tests, and by outside inspectors Prevention costs design and development of new quality equipment, evaluation costs of a new product or a service, training of quality personnel 1

Improved resource utility

The efficient functioning of the different modules in the ERP ensures that
the inventory is kept to a minimum level, the machine down time is minimum, the goods are produced only as per the demand and the finished goods are delivered to the customer in the most efficient way

Thus, the ERP systems help the organization in drastically improving the capacity and resource utilization
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Increased flexibility
Flexibility of the organization as a whole by automating most of the processes Organizations will need to design new products or redesign existing products quickly and efficiently Product flexibility is the ability of the operation to efficiently produce highly customized and unique products

Improved information accuracy and decisionmaking capability

To survive, thrive and beat the competition in todays competitive world, one has to manage the future Managing the future means managing the information organizations have to harness ITs full potential

to deliver high quality information to the decision-makers at the right time to automate the process of data collection, collation and refinement 1

Campus Overview
Ahmedabad Kolkata Mumbai

907/A Uvarshad, Gandhinagar Highway, Ahmedabad 382422.

Infinity Benchmark, 10th Floor, Plot G1, Block EP & GP, Sector V, Salt-Lake, Kolkata 700091.

Goldline Business Centre Linkway Estate, Next to Chincholi Fire Brigade, Malad (West), Mumbai 400 064.