Enterprise Resources Management Essay

1. What is the business of Sinosteel, what are its major challenges, and how would an ERP system address the challenges they face? „h It has core business in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills. „h Maintenance of economic and technological cooperation with other nations and global companies and strengthen its global reach. As well as, along with other state enterprises, continue efforts to expand the global control over commodities-key, thus exclusivity to get stream in the provision that will ensure a steady stream of resources to the booming economy of China. „h They optimize management processes, standardize coding, regulations, etc. prevention of information risks, adapt industry processes and superior ownership expertise, centralize and unify the communication process, reports, accountancy, etc. 2. Why did Sinosteel pursue the development of an ERP system? What were the objectives? What challenges (risks) does ERP address for Sinosteel? [The CEO is difficult to understand on some of the objectives, but later in the video an IT manager is clearer and reflects the CEO ¡ is position almost exactly. You will need to listen carefully]. „h Because the need to consolidate management of diverse operations implementing the major enterprise resource planning major until 2005. „h The goals of this project were set down by their president, thus were: Increase the management levels, prevent all kind of risks, independence of operations and management, as well as, to optimize all resources assignments and human resources management. „h In the past the costumer information was decentralized and controlled by sails and needy subsidiary company. These prove risk as there localized were delinquent costumers could all many to one needy subsidiary, all need a invoice be paid by another. Through CRM they could prevent this kind of thing happening again, they are sharing all costumers ¡Ã‚ ¦ information. 3. What factors were important in the choice of Oracle? „h Oracle is the CEO of the International level, has very strong advantages, especially in enterprise resources management, and has very good applications and strong advantages to do such kind of project. Oracle has advanced technologies and relative flexible platform, its very easy to learn, administer and maintain. 4. How did business processes change in order to implement this ERP system? „h Develop to deliver a business inside, adapt industry processes and superior ownership experience, oracle applications enabled the efficient management of all cool business functions The resulting integrating business management platform was based the range of oracle e-business suit of applications as well as people software enterprise and JADE enterprise 1. 5. What do you think of some the implementation issues and risks might have been with this system? „h It has grown through the acquisition of hundreds of small companies, and many medium to large size companies. In the process, the company has inherited the information systems, accounting, customer, supplier, and human resource systems and policies of its many subsidiaries. So, probably the management processes were optimized, created standards for those subsidiaries, they used an integration business management plataform, etc. 6. How did this investment in ERP systems help Sinosteel achieve operational excellence? What do you think were the benefits of installing this system given the substantial costs involved? „h As in all industries were resources must be garbage for around the globe and delivery to right place, at right time, efficient supply chain management is crucial. All under storming is the condition for have supply chain information management, is to have three floors of information internally, ERP was the first foundation for such supply chain management. Improve information, consolidation and collaboration across the enterprise has results on major of upgrades Sinosteel management expertise, to deployment the ERP oracle system is the major mills turn in Sinosteel procedure of business efficiency and sustainable development. „h Sinosteel has established centralized and unified platform, which cover the whole enterprise. HRM also saw immediate benefits as the company adopted global HR policy standards. Employees personal and financial information connect efficiently, HRMS has very positive results in Sinosteel. The oracle ERP system delivery multiples benefits to Sinosteel.