Category Archives: Planning

Life-Cycle of ERP

In the next chapter, technology and functioning of ERP will be discussed in detail. Before that, a sound knowledge on the lifecycle of ERP is essential so that an end-user, implementer, or a manager who uses ERP will find it easy to study and understand the different functions and capabilities of ERP. The life cycle… Read More »

Growth of ERP

The evolution of ERP clearly indicates the growth that ERP has achieved over the years. Based on the data available from 2013, it can be seen that ERP’s market grew by 3.8% in 2013 compared to the growth rate of 2.2% achieved in 2012. As of 2013, Gartner stated that Workday, Workforce software, Cornerstone On… Read More »

Vendors of ERP

ERP’s growth can be attributed to the vendors of ERP. It is because of their tremendous expertise and knowledge, the ERP market has grown to this level. It is their new concepts that emerge from time to time that take business and ERP to advanced levels. Developments in ERP have been immense since inception. ERP… Read More »

Minimum Requirements (MR) of H&M for Supplier

Summary of minimum requirements (MR) of H&M for supplier Step 1 (MR 1) are mandatory for all H&M Group suppliers/ units to fulfill before the first order is placed Step 2 (MR 2) are mandatory for all H&M Group suppliers/ units to fulfill before the production of the first order starts. Step 3 are general… Read More »

Overview of Continuous Improvement

Agenda Continual Improvement Process Continuous versus Continual Improvement Kaizen Continual Improvement Process Continual improvement process or CIP is a steady effort made to improve existing processes, products, or services. Delivery processes are evaluated against efficiency, effectiveness, and flexibility. William Edwards Deming quotes, “CIP is a part of the system, where feedback from the process and… Read More »

Benefits of ERP

Benefits of ERP The list provided is not exhaustive since ERP is required for so many reasons: To integrate all the activities of the company. As discussed earlier, having islands of software in each department will lead to delayed information sharing among all stakeholders. So, having an integrated system eliminates all delays and information can… Read More »

Basics of ERP

Basics of ERP Various definitions were discussed earlier, and to make it easy for understanding what ERP is, the following explanation is provided. ERP is an information system that integrates all facets of business like R&D, sales and marketing, manufacturing, logistics, human resources, logistics, financials, and so on. ERP streamlines workflows, business processes, and methods… Read More »

MIS, EIS, DSS, TSS & SCM

MIS, EIS, DSS, and TSS MIS is the base for DSS. MIS produces fixed, regularly scheduled reports based on data extracted and summarized from the firm’s underlying transaction processing systems to middle- and operational-level managers to identify and inform structured and semi-structured decision problems. Executive information system (EIS) is a reporting tool that provides all… Read More »

MRP and MRP II

MRP and MRP II MRP’s existence dates back to 1970s. It replaced the inventory control packages that were in existence. MRP is a computer-based information system designed to order and schedule “DEPENDENT” demand inventories (raw materials, component parts, and sub assemblies) in a coordinated manner. It ensures that enough stock is always available for use.… Read More »

Evolution of ERP

Evolution of ERP Even though the concept of ERP dates back to 1960s, the term ERP was coined by Gartner in 1990. ERP was meant to be a replacement of a range of piecemeal software applications designed in relation to specific activities of different departments. For example, before the advent of ERP, the stores department… Read More »