Hirasugar Institute of Technology, Nidasoshi

1. Department of Computer Science & Engineering Hirasugar Institute of Technology, Nidasoshi ICT [Information and Communication Technology] Material on Management & Entrepreneurships for IT Industry (15CS51) 2018-19 Odd Semester Dr.ParashuramBaraki Professor & HOD Dept of CS&E

2. Module 4 : • Preparation of project and ERP - meaning of project, project identification, project selection, project report, need and significance of project report, contents, formulation, guidelines by planning commission for project report, Enterprise Resource Planning: Meaning and Importance- ERP and Functional areas of Management – Marketing / Sales- Supply Chain Management – Finance and Accounting – Human Resources – Types of reports and methods of report generation

3. ERP - Definition • ERP is a process of managing all resources and their use in the entire enterprise in a coordinated manner.

4. ERP system: Definition • ERP is a set of integrated business applications, or modules which carry out common business functions such as general ledger, accounting, or order management.

5. What is ERP? • Enterprise Resource Planning • Support business through optimizing, maintaining, and tracking business functions. • Broken down into business processes • HRM • Distribution • Financials • Manufacturing

6. What makes ERP different • Integrated modules • Common definitions • Common database • Update one module, automatically updates others • ERP systems reflect a specific way of doing business • Must look at your value chains, rather than functions

7. Benefits of ERP • Common set of data • Help in integrating applications for decision making and planning • Allow departments to talk to each other • Easy to integrate by using processed built into ERP software • A way to force BPR (Business Process Reengineering) • Easy way to solve Y2K problem

8. Vendors

9. Difficulty in implementation • Very difficult • Extremely costly and time intensive • Typical: over $10,000,000 and over a year to implement • Company may implement only certain modules of entire ERP system • You will need an outside consultant

10. Functional Areas of Management

11. Marketing and Sales Functions

12. Sales Function

13. What is Supply Chain Management ? • In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

18. Supply Chain Management

19. Finance Department • Their duties include financial planning, • Reporting and controls • Short and long term business strategy, investments, hedging, mergers and acquisitions, • Cash management, internal risk management, corporate finance, auditing and accounting.

21. Different Types of Reports • Forms such as invoices, order acknowledgments, purchase orders, receivables statements, payables checks, etc. • Managed reports produced on a reoccurring basis • Ad hoc reports that are usually one-time, “I need this information now” reports • Analytical reports that show data and help analyze what is happening • Executive dashboards that provide a snapshot of business performance against the company’s key performance indicators (KPIs)