The ERP Simulation

318 Words1 Page
bulb-icon

Recommended: A short essay on the ERP system

The ERP simulation was wonderful since it provided us the real world experience of a retail business. Though my team lost about 11 million dollars in the simulation, I acquired three main takeaways that the SAP cannot make decisions automatically, elasticity of a product demand matters, and marketing budget should be used very carefully.
SAP did a great job in telling us the performance of the market and the performance of our company, so we knew if our strategy worked successfully. However, SAP did not tell us which way we should go. We knew we needed to adjust the prices and marketing spending on product, but we did not know whether we should increase or decrease prices and spending on marketing. In a word, SAP is a great tool for gathering

Show More
Related

  • Novaris Pharmaceuticals Case Study

    738 Words  | 2 Pages

    Being presented with the problems in the implementation of the SAP ERP system, it is evident that Novartis Pharmaceuticals requires a comprehensive action plan that resolves key issues and the underlying problem. Refer to Exhibit A for a graphical representation of the action plan.

    Read More

  • History Of SAP

    747 Words  | 2 Pages

    SAP mission is to help every customer become a best-run business by delivering technology innovations that they believe address today’s and tomorrow’s challenges without disrupting their customers’ business operations. Organizations around the world are entering a new era of business model innovation, made possible by the convergence of cloud, mobile, social, and big-data technologies.

    Read More

  • What Are The Strengths And Weaknesses Of SAP SCM?

    536 Words  | 2 Pages

    According to Gartner, SAP SCM accounts for about 19 % of the global market share (“SAP Software Review”, 2014). SAP has very good lineup of Supply Chain Management software features and robust functionality (“SAP Supply Chain Management", 2014, 2014). SAP SCM is already integrated and used by many global companies around the world. An interesting feature of SAP SCM is its upgradability .Recent survey says that 67% of the users have upgraded after the extended maintenance agreement was up and 95% of SAP users are planning to upgrade from their previous versions (Wailgum, 2012). SAP SCM comes up with a set of powerful tools which exceed the business process automation, thereby helping the global organizations in making strategic management decisions by reporting future needs (“SAP Software Review”, 2014). With SAP multiple forecast modeling techniques are available and it also selects the best fit model. This accurate forecasting is achieved by incorporating factors such as trends in product lifecycle, bill of materials, causal forecasting in addition to demand history. Th...

    Read More

  • Ultimate Game Simulation Essay

    1056 Words  | 3 Pages

    Get ready to participate in an exciting hands-on activity that will allow you to gain essential knowledge on how a business operates! The activities you are about to take part in will allow you to learn important business concepts through realistic experiences. The ERP simulation game is an advanced “learning-by-doing” approach and it will also provide you the opportunity to develop your ERP skills. In this continuous-time simulation, all participants are placed in a situation in which they have to operate a firm on the SAP ERP and effectively interact with the other departments in order to make a profit. It will greatly benefit those students majoring in business and management. The skills gained through the SAP simulation game could possibly lead to future career opportunities! The simulation game is very popular and continues to be successful in business schools and for training in companies.

    Read More

  • Enterprise Resources Planning (ERP) Implementation

    1634 Words  | 4 Pages

    At the moment, Enterprise resources planning (ERP) systems had become important systems in the modern business world. The meaning of ERP itself is an integrated software package composed by a set of standard functional modules (production, sales, human resources, finance, etc.) developed or integrated by the vendor that can be adapted to the specific needs of each customer (Esteves et al. 2000).

    Read More

  • ERP implemention failure at the Hershey Company

    1238 Words  | 3 Pages

    Technology is amazing. Some people might argue technology is bad, some might argue that technology is good, but no one can deny that technological achievements of modern age are awe inspiring. It is a fact, however, that society as a whole relies heavily on technology. Everyone uses technology in their everyday lives such as cell phones, laptops, the Internet and so on. It might be said that technology is the one of the reasons people living today enjoy a higher level of comfort and higher standard of living than people living hundred years ago. However, even today, with so many technological advances, it is still possible for technology to fail. Approximately 77% of businesses rely on information systems for their success today, and when an information system fails, it causes a significant problem for that company. There are many famous information system failures throughout history such as Snap-On’s order-entry system failure which caused company to lose $50 million in the first half of 1998, or FoxMeyer’s failed implementation of ERP which drove the company into the bankruptcy. The information systems failure that is going to be focus of this paper, is the Hershey Foods Corporation’s failure at implementing Enterprise Resources Planning (ERP) in 1999, causing problems with order management and fulfillment, rendering Hershey Foods Corporation unable to fulfill many orders, which dropped company’s revenues by 12% compared to the previous year. This essay is going to look at what Enterprise Resource Planning is, how and why the implementation at Hershey Foods Corporation failed (compared to some other companies...

    Read More

  • Importance Of Management Accounting In ERP Systems

    2318 Words  | 5 Pages

    Since 1990 ERP systems have revolutionized how companies make decisions, ERP has become an integral part in management accounting as it has efficiently helped managers to use and analyze data and apply the analysis to accomplish the company’s goal of cost reductions and increased revenue.

    Read More

  • Strategic and Operational Plan: Best Buy

    1715 Words  | 4 Pages

    Strategic planning directs every movement in a business and is very essential to business performance (London 2002, pp.26-33). The strategic plan and operational plan are extracted from Best Buy Form 10K to better clarify the current situation and future direction of Best Buy.

    Read More

  • Enterprise Resource Planning (ERP)

    1394 Words  | 3 Pages

    • “An Enterprise Resource Planning (ERP) system is a software system for business management, supporting areas such as planning, manufacturing, sales, marketing, distribution, accounting, finance, human resource management, project management, inventory management, service and maintenance, transportation, and e-business”. Haag, Cummings, Phillips, S, M, A (2007). Management of Information Systems. New York, NY: The McGraw-Hill Company Inc.

    Read More

  • Microeconomics Case Study

    724 Words  | 2 Pages

    The lessons taught by the simulation in regards to supply and demand teaches how the make the proper decisions when you encounter market shifts, rather it be positive or negative. Microeconomic decisions are to be made in order to meet supply and demand goal of your company. Macroeconomic decisions are sometimes forced upon your company, for instance, in the simulation when the government put a price ceiling on the rental prices of apartment units. You will have to meet that goal while trying to also maintain your own supply and demand

    Read More

  • Essay On ERP System

    1542 Words  | 4 Pages

    In order to be more productive and accurate, most of the companies depend on use of technology, with the help of enterprise resource planning (ERP) systems. (Olsen, and Saetre, 2007).

    Read More

  • Fitter Snacker Case Study Solution

    1157 Words  | 3 Pages

    So with the much help from SAP ERP system, we have NRG-C bars in the market for sale. So it’s safe to say SAP if properly installed, implemented and right data integrated can ease its system users in their day to day business process and also help them in taking strategic business decision.

    Read More

  • Role Of A Business Analyst In Agile

    850 Words  | 2 Pages

    Welcome changing requirements, harnessing change for competitive advantage: It's the business analyst's tasks that help identify competitive advantage and the changes that will achieve that

    Read More

  • Omega, Inc. Case Study

    2401 Words  | 5 Pages

    The lack of success at Omega, Inc. rested in the hands of an incompetent sales staff who were not informed of the company’s mission statement and goals. The staff received limited training on the jobs they were to perform. Omega was faced with the challenge of getting the employees to achieve their sales quotas. According to (Aguinis, 2007), “There are two important prerequisites required before a performance management system is implemented: knowledge of the organization’s mission and strategic goals and knowledge of the job in question.” The benefit of superior knowledge of the organization combined with clear and agreed upon mission and strategic goals of their unit would afford employees the opportunity to make contributions that will have a positive impact on the organization as a whole. In addition, one must possess the knowledge of the job in question to execute the tasks necessary to be done and how they should be done. This knowledge is obtained through a job analysis. Omega failed to implement strategic planning throughout all the franchises. According to Aguinis (2007), “Strategic planning allows an organizati...

    Read More

  • What´s Management Information Systems

    1690 Words  | 4 Pages

    Management Information System (MIS) produces information products that support many decision making needs of managers, staff and business professionals. Reports, displays and responses produced by management information systems provide information that these decision makers have specified in advance as adequately meeting their information needs. Such predefined information products satisfy the information needs of decision makers at the operational and tactical levels of the organization who are faced with more structured types of decision situations. For example, sales managers rely heavily on sales analysis reports to evaluate differences in performance among salespeople who sell the same types of products to the same types of customers. They have a pretty good idea of the kinds of information about sales results (by product line, sales territory, customer, salesperson so on) that they need to manage sales performance effectively.

    Read More

More about The ERP Simulation

Open Document