scholarly journals AGILE MANUFACTURING THROUGH INVENTORY MANAGEMENT

2021 ◽  
Vol 5 (2) ◽  
Author(s):  
Rudy Santosa Sudirga ◽  
Filscha Nurprihatin ◽  
Glisina Dwinoor Rembulan ◽  
Yustinus Yuniarto
Keyword(s):  
Supply Chains ◽  
Inventory Management ◽  
Enterprise Resource Planning ◽  
Small Businesses ◽  
Systematic Approach ◽  
Raw Materials ◽  
Resource Planning ◽  
Agile Manufacturing ◽  
Manufacturing Processes ◽  
The Right

<p class="comp"><em>Inventory management is a systematic approach to sourcing, storing, and selling inventory both raw materials (components) and finished goods (products). In business terms, inventory management means the right stock, at the right levels, in the right place, at the right time, and at the right cost as well as price. Inventory management </em><em>refers to the process of ordering, storing and using a company's inventory. This includes the management of raw materials, components and finished products, as well as warehousing and processing such items. For companies with complex supply chains and manufacturing processes, balancing the risks of inventory gluts and shortages is especially difficult. At the same time, inventory can be thought of as a liability (if not in an accounting sense). A large inventory carries the risk of spoilage, theft, damage or shifts in demand. Inventory must be insured, and if it is not sold in time it may have to be disposed of at clearance prices or simply destroyed. For these reasons, inventory management is important for businesses of any size. Knowing when to restock inventory, what amounts to purchase or produce, what price to pay as well as <a href="https://www.investopedia.com/articles/stocks/10/when-to-sell-stocks.asp">when to sell</a> and at what pric can easily become complex decisions. Small businesses will often keep track of stock manually and determine the reorder points and quantities using Excel formulas. Larger businesses will use specialized <a href="https://www.investopedia.com/terms/e/erp.asp">enterprise resource planning (ERP)</a> software.</em></p>

Deploying and Running Enterprise Grade Applications in a Federated Cloud

2012 ◽  
pp. 328-349
Author(s):  
Benoit Hudzia ◽  
Jonathan Sinclair ◽  
Maik Lindner
Keyword(s):  
Enterprise Resource Planning ◽  
Small Businesses ◽  
Resource Planning ◽  
Customer Relationship ◽  
Software Systems ◽  
It Services ◽  
Adoption Decision ◽  
Enterprise Applications ◽  
End To End ◽  
The Right

The notion of cloud computing is a paradigm shift from local machines and networks to virtualization technologies with services as a technical and business concept. This shift introduces major challenges when using cloud for deploying and running enterprise applications in the current Enterprise ecosystems. For companies, picking and choosing the right cloud to meet requirements is hard, and no solution is likely to provide the end-to-end specific IT services delivery and an end-to-end IT solution. Conversely cloud federation assists in providing flexibility to the customer and enables them to lower their TCO by shifting from one cloud to another while mitigating risks associated with a single cloud approach. In order to create competitive differentiation, small businesses require multiple software systems to both meet minimal data management and creative expectations. At the other end of the enterprise ecosystem spectrum, large companies rely on thousands of services in order to meet the needs of everything from simple departmental database applications to core Enterprise Resource planning and Customer Relationship Management systems on which the enterprise itself is managed. As an optimal adoption decision cannot be established for all individual cases, the authors propose to analyze three different use cases for deployment of enterprise applications such as SAP, on the cloud in order to provide some valuable pointers to navigate the emerging cloud ecosystem: rapid provisioning, elasticity and live migration of enterprise applications.

Deploying and Running Enterprise Grade Applications in a Federated Cloud

2012 ◽  
pp. 1350-1370
Author(s):  
Benoit Hudzia ◽  
Jonathan Sinclair ◽  
Maik Lindner
Keyword(s):  
Enterprise Resource Planning ◽  
Small Businesses ◽  
Resource Planning ◽  
Customer Relationship ◽  
Software Systems ◽  
It Services ◽  
Adoption Decision ◽  
Enterprise Applications ◽  
End To End ◽  
The Right

The notion of cloud computing is a paradigm shift from local machines and networks to virtualization technologies with services as a technical and business concept. This shift introduces major challenges when using cloud for deploying and running enterprise applications in the current Enterprise ecosystems. For companies, picking and choosing the right cloud to meet requirements is hard, and no solution is likely to provide the end-to-end specific IT services delivery and an end-to-end IT solution. Conversely cloud federation assists in providing flexibility to the customer and enables them to lower their TCO by shifting from one cloud to another while mitigating risks associated with a single cloud approach. In order to create competitive differentiation, small businesses require multiple software systems to both meet minimal data management and creative expectations. At the other end of the enterprise ecosystem spectrum, large companies rely on thousands of services in order to meet the needs of everything from simple departmental database applications to core Enterprise Resource planning and Customer Relationship Management systems on which the enterprise itself is managed. As an optimal adoption decision cannot be established for all individual cases, the authors propose to analyze three different use cases for deployment of enterprise applications such as SAP, on the cloud in order to provide some valuable pointers to navigate the emerging cloud ecosystem: rapid provisioning, elasticity and live migration of enterprise applications.

Inventory Management, a Decision Support Framework to Improve Operational Performance

2012 ◽  
pp. 581-600
Author(s):  
Jan van den Berg ◽  
Guido van Heck ◽  
Mohsen Davarynejad ◽  
Ron van Duin
Keyword(s):  
Supply Chain ◽  
Decision Support ◽  
Inventory Management ◽  
Enterprise Resource Planning ◽  
Resource Planning ◽  
Performance Improvements ◽  
Decision Support Framework ◽  
Comparable Performance ◽  
Potential Benefits

Enterprise Resource Planning systems have been introduced to support the efficient and effective execution of business processes. In practice, this may not fully succeed. This also holds in particular for inventory management (IM), which forms a part of supply chain management. Within this research, by analyzing the IM business process theoretically, eleven potential benefits are indicated. Next, by using a Business Intelligence approach, key performance indicators (KPIs) are selected to measure the performance of IM sub-processes. Integration of these approaches yields an IM performance decision support framework that can be used to obtain a generic, coherent picture of the fundamental IM processes in an organization. In addition, by tracking and analyzing KPI measurements, adequate decisions can be prepared towards the improvement of the operational IM performance. The proposed framework is validated using experts’ opinions and a comparative case study. The experts’ comments yielded a list of top-10 KPIs, based on the measurements of which a set of quick wins can be determined. The case study results show that some of the identified potential benefits are also observed in practice. Future research may reveal that comparable performance improvements are possible in other IM environments (and even in other supply chain domains) based on similar decision support frameworks.

Enterprise Resource Planning Under Open Source Software

2010 ◽  
pp. 1571-1589
Author(s):  
Ashley Davis
Keyword(s):  
Real Options ◽  
Open Source ◽  
Open Source Software ◽  
Enterprise Resource Planning ◽  
Resource Planning ◽  
Future Trends ◽  
Critical Factors ◽  
Real Options Theory ◽  
The Right ◽  
Options Theory

Open source software is becoming more prevalent in businesses today, and while still a relatively immature offering, open source enterprise resource planning (OS-ERP) systems are becoming more common. However, whether or not an OS-ERP package is the right software for a given organization is a little researched question. Building on the current real options thinking about platform acquisitions, this chapter proposes the five most critical factors to consider when evaluating an OS-ERP package. To adequately do this, a great deal of detail about the current offerings in OS-ERP software is presented, followed by a review of the real options theory and thinking behind using these factors to evaluate OS-ERP options. The international implications of OS-ERP are presented in the “Future Trends” section.

ERP Adoption in Indian Organizations

2005 ◽  
pp. 1102-1107
Author(s):  
Monideepa Tarafdar
Keyword(s):  
Inventory Management ◽  
Enterprise Resource Planning ◽  
Business Processes ◽  
Resource Planning ◽  
Social Contexts ◽  
Erp Systems ◽  
It Use ◽  
Manufacturing Resource Planning ◽  
Wide Availability ◽  
Erp Software

Enterprise resource planning (ERP) systems integrate various functions and processes in organizations. ERP software is developed in the form of different modules, each of which helps to perform distinct functions within the company. The modules interface with the same database and are integrated so that workflows can be designed across different modules. The software helps standardize business processes and ensures organization-wide availability of transaction data. ERP software evolved from earlier manufacturing resource planning (MRP) systems, which included inventory management, procurement and production planning functions. The implementation of ERP software started in the early 1990s and during the late 1990s, the growth rate of the ERP market was between 30 to 40%. As of 2001, 30,000 companies around the world had implemented ERP and the total value of the ERP market was at $25 billion. There is not much literature relating to ERP implementation and adoption in companies in Asia and other parts of the developing world. These organizations face issues that are significantly different from those faced by organizations in the developed world, because of differences in the sophistication of IT use, and in the cultural and social contexts. In this article, we describe some experiences that companies in India have gone through in implementing ERP systems. We present a framework for analyzing the critical factors and issues that influence the ERP adoption process, and highlight the areas of opportunity and risk. The framework is sufficiently general so as to be extended to other developing countries.

scholarly journals TREN PERSAINGAN VENDOR ENTERPRISE RESOURCE PLANNING (ERP) DALAM BISNIS GLOBAL

2021 ◽  
Vol 15 (2) ◽  
pp. 186-192
Author(s):  
Arista Qiyamullailiy ◽  
Yusuf Amrozi
Keyword(s):  
Enterprise Resource Planning ◽  
Resource Planning ◽  
Global Business ◽  
Erp Implementation ◽  
Research Results ◽  
The Right

There are still some companies that do not apply ERP with company/organizational processing. ERP implementation is very important for companies, therefore it is necessary to find the right vendor to be applied to the company. So this research is needed to find out which vendors are most widely used in global business. The method used in this research is to find data in the literature and related journals. This research results in an ERP vendor that relatively dominates the market is SAP.

scholarly journals Effective Strategies to Overcome Challenges in ERP Projects: Perspectives from a Canadian Exploratory Study

2019 ◽  
Vol 12 (7) ◽  
pp. 12 ◽  
Author(s):  
Sreekumar Menon
Keyword(s):  
Enterprise Resource Planning ◽  
Oil And Gas ◽  
Resource Planning ◽  
Oil And Gas Industry ◽  
Structured Interview ◽  
Project Managers ◽  
Gas Industry ◽  
Team Members ◽  
Effective Strategies ◽  
The Right

This qualitative exploratory case study explores strategies and mitigating actions for successful Enterprise Resource Planning (ERP) implementations. The research was conducted in a Canadian case organization in the oil and gas industry, using a semi-structured interview guide with a total of twenty interviews that includes members from four project role groups of senior leaders, project managers, project team members, and business users. For triangulation purposes, the study used interview responses and also ERP project documentation collected for the purpose. The research highlighted several strategies and mitigating actions that can be put in use by organizations. The key themes that emerged as effective strategies include having the right people for support and guidance from experts, change management, clear communications, hands-on training, lots of testing, and risk management. The study also provided evidence that adopting strategies can help overcome critical challenges during ERP implementations.

scholarly journals CLOSED SUPPLY CHAINS IN A CIRCULAR ECONOMY: EFFECTIVE INVENTORY MANAGEMENT

2021 ◽  
Author(s):  
Iryna Lutsenko
Keyword(s):  
Supply Chains ◽  
Inventory Management ◽  
Circular Economy ◽  
Resource Constraints ◽  
Raw Materials ◽  
Main Tool ◽  
Developed Countries ◽  
Main Task ◽  
Logistics Systems ◽  
Methodical Approach

The world economy is characterized by linearity, namely the model "product of raw materials-production-consumption". This concept has already lost itsviabilitydue to a number of factors, namely: the depleted global ecological system, socio-economic and resource constraints. Through various environmental contaminants sharply reducedand thequality of life disappear goals populations of animal and plant life. Today, there is an alternative to the linear model of the economy - a circular economy, the main task of which is to restore the ecosystem, saving resource potential, financial and human resources through reverse and careful treatment.To form a new model of economy, governments of developed countries use different tools, but there is not always an understanding of the importance and effectiveness of this concept. The article considers the essence and basic principles of circular economy. As a basis for the implementation of the concept of circular economy are considered closed supply chains and as the main tool for the implementation of tasks - reversible logistics.Managing reverse logistics is a complex task that requires a systematic approach and significant resources.The goal of building reverse flows is to reduce costs and increase profits.The author's interpretation of the essence and content of reverse flows in closed supply chains, which include return and return flows, is presented in the article..The constituent elements of reversible material flows in closed supply chains are investigated.The main problems in the formation of closed supply chains are identified, namely the optimization of inventory management throughout the chain.A methodical approach to inventory management in closed supply chains, which provide for multilevel inventorymanagement, is proposed.The use of a set of inventory management modelsthat allow to coordinate actions for inventory management and are adequate to the practice of doing business in a circular economy.Conclusions and recommendations on the peculiarities of the formation of closed supply chains, the list of flows as elements of reversible logistics, methodological approaches to the use of inventory management models in complex logistics systems built on a circular basis (circular).

Sign in / Sign up

Export Citation Format

Share Document