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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 importance of e r p


BigIdeas 2011: Of BigMachines’ Quantum Leap - Part 2
Part 1 of this blog series talked about my very first attendance of BigIdeas, BigMachines’ annual user conference that takes place in the fall in Chicago. I

importance of e r p  folks’ efforts. Social Intelligence’s Importance Thus, enterprise-wide performance management, inter-departmental integration, and collaboration in an enterprise are critical, according to both Justin Shriber and Peter Gaylord, Director of Product Marketing of Sales Cloud at salesforce.com. Not surprisingly, both have touted and demoed their respective social tools as possible enablers: the recently released Oracle Social Network (formerly Webcenter 2.0 ) and  salesforce.com’s Social Enterprise

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Process Manufacturing (ERP)

The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today's leading ERP systems group all traditional company management functions (finance, sales, manufacturing, human resources) and include, with varying degrees of acceptance and skill, many solutions that were formerly considered peripheral (product data management (PDM), warehouse management, manufacturing execution system (MES), reporting, etc.). While during the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-Business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The old adage is "Such a beginning, such an end", and, consequently, many ERP systems' failures could be traced back to a bad software selection. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategy, and subsequent software selection. This is the perfect time to create the business case and energize the entire organization towards the vision sharing and a buy in, both being the Key Success Factors (KSFs). Yet, these steps are very often neglected despite the amount of expert literature and articles that emphasize their importance.    

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Documents related to » importance of e r p

Enterprises Reap Rewards of Modernizing Their ERP Systems


With increased mergers and acquisitions at the global level, organizations have started recognizing the benefits of upgrading to a modern enterprise resource planning (ERP) platform and a service-oriented architecture (SOA). Learn how different approaches to ERP system and architecture upgrades can help your company drive down costs, raise employee productivity, and produce meaningful business process improvement.

importance of e r p  SAP also reaffirmed the importance of the current release mySAP ERP 2005 as the best possible migration platform for its R/3 customers because there will not be another major release between now and 2010. SAP will be taking an incremental approach with its ERP release cycle. SAP will offer a series of optional enhancement packages - covering capabilities such as talent management and financial collaboration - that can be implemented easily as enterprise services augmenting mySAP ERP 2005. The first Read More

Baan Seeking A New Foster Home -- A Déjà vu Or Not Quite? Part Two: Baan Under Invensys


Baan's phase under Invensys, after a turbulent three years that have seen considerable people, market and technology change, and considerable worthwhile investment. Recently-announced technology developments seem to be in sync with the market's trends, and leaning shrewdly towards the requirements of holistic business requirements from engineering design collaboration, to CRM and on to SCM.

importance of e r p  industry requirements. As the importance of integration looms large, Baan's OpenWorldX framework was devised to make it possible for Baan solutions to plug in with third-party enterprise systems. Baan proudly claims its technology is Integrated but open , since by using OpenWorldX Baan solutions can co-exist with legacy and third party applications. This has already been demonstrated in practice, where Baan sell-side e-commerce solutions are running fully integrated with SAP back end installations via Read More

Baan And SSA GT Merge To Form A Mid-Market Empire With An ''Iron Side'' Part Three: Market Impact On SSA GT


Like the previous few SSA GT's acquisitions, this merger too seems aimed at enlarging combined Baan and SSA GT's customer base, market share, and, more importantly, its predictably recurring support revenue and consequently larger R&D pool.

importance of e r p  has traditionally placed more importance on R&D and technological prowess, but it has yet to achieve the SSA GT's prowess in sustaining profitability. Given one cannot both have a cake and eat it, Baan will be hard pressed to produce consistent financial results a la SSA GT', which might mean serious restructuring, while continuing to invest and evolve its products. Baan still has non-proportionally large number of R&D employees (i.e., nearly 1,000 out of 2,700 total employees), and its sales per Read More

Question: When is Six Sigma not Six Sigma? Answer: When it's the Six Sigma Metric!!©


Six Sigma Quality is a popular approach to process improvement, particularly among technology driven companies such as Allied Signal, General Electric, Kodak and Texas Instruments. Its objective is to reduce output variability through process improvement, and/or to increase customer specification limits through design for producibility. I don't like the Six Sigma metric. As you'll see, it fails to pass many of the empirical tests for "good" metrics. In particular, it's neither simple to understand nor, in most applications, an effective proxy for customer satisfaction. And, its definition is ambiguous and therefore easily gamed because th

importance of e r p  opportunities are weighted by importance to the customer, it can be a poor surrogate for customer satisfaction because the metric can get better while customer satisfaction gets worse. How? By improvement of one type of defect at the numerical expense of a more important one (e.g., eliminate 10 unimportant defects while creating only 5 more important ones: net result, an apparent improvement of 5, with an obvious reduction in customer satisfaction). Note though that this refinement adversely affects the m Read More

Wipro Point of View: Changing Nature of the Wealth Management Industry


The slump in the wealth management industry has its roots in the financial crisis in America and Europe. This has led to high-net-worth individuals (HNI) getting increasingly attracted to low risk, low management investments. Dr. Ashok Hegde, Global Head of Financial Services, Business Analyst Practice, Wipro, shares his expertise on the current challenges faced by and opportunities available to wealth managers. Read more.

importance of e r p  Point of View: Changing Nature of the Wealth Management Industry The slump in the wealth management industry has its roots in the financial crisis in America and Europe. This has led to high-net-worth individuals (HNI) getting increasingly attracted to low risk, low management investments. Dr. Ashok Hegde, Global Head of Financial Services, Business Analyst Practice, Wipro, shares his expertise on the current challenges faced by and opportunities available to wealth managers. Read more. Read More

Managing the Overflow of E-mails


Only effective e-mail management, together with records management and policies for employees on how to manage their e-mails, will help organizations deal with compliance regulations and potential litigation.

importance of e r p  Do not underestimate the importance of educating employees on policies within the organization. Organizations should educate employees regarding the consequences of e-mail behavior, including such details as copied recipients, unnecessary forwarding, and so forth. Organizations should develop policies and guidelines, and properly train and monitor employees. There are external specialized consultancies that can assist in setting up these strategies if needed. Legal Liabilities Discovery of e-mails is Read More

Informatica Heads for E-Business


Informatica Corp. (Nasdaq: INFA) today announced the acquisition of Influence Software, a leading provider of analytic applications for the e-business value chain. Informatica is acquiring Influence Software for roughly $80 million in a stock transaction that will be treated as a pooling of interests. The acquisition marks a realization of Informatica's vision to become a leading provider of packaged analytic applications for B2B e-business.

importance of e r p  Heads for E-Business Event Summary PALO ALTO, Calif., Dec. 15 /PRNewswire/ -- Informatica Corp. (Nasdaq: INFA), the company whose software provides the infrastructure powering some of the world's most advanced business intelligence systems, today announced the acquisition of Influence Software, a leading provider of analytic applications for the e-business value chain. The combination of the two companies' products will enable Informatica to deliver the industry's first analytic solution Read More

Justification of ERP Investments Part 1: Quantifiable Benefits from an ERP System


Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results. Benefits have been indicated for large and small firms, whether they make standard or custom products or are in discrete or process manufacturing environments. This section explains the quantifiable benefits in terms of several areas of improvement. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

importance of e r p  of ERP Investments Part 1: Quantifiable Benefits from an ERP System Originally published - February 13, 2004 Justification of ERP Investments* The expected return on investment provides the cost justification and motivation for investing in ERP. There are quantifiable benefits as well as intangible benefits in the ERP investment decision. The quantifiable benefits have a bottom-line impact on profitability, asset turnover, and a potential effect on stock value. This section discusses the Read More

Bank is First Mover in Canadian E-Commerce


TD Bank of Canada has entered into a partnership with Commerce One to create an E-purchasing marketplace in Canada. As the first such endeavor, the bank hopes to capture both mind- and marketshare before the inevitable competitors crowd in.

importance of e r p  is First Mover in Canadian E-Commerce Event Summary TD Bank (Toronto-Dominion Bank) of Canada (NYSE: TD) is creating a Canadian marketplace to bring E-purchasing and other services to Canadian companies. The bank is partnering with Commerce One (NASDAQ: CMRC) to create the marketplace and will make Commerce One's other networks available to its customers. (See TEC News Analysis articles: Commerce One to Procure for the Antipodes...and Elsewhere and Commerce One Goes High, Wide and PeopleSoft ). Read More

Types of Video Conferencing


The use of video conferencing solutions has quickly become the standard of businesses with the highest distinction. Popularity of voice over internet protocol (VoIP) video conferencing is on the rise, and there are a range of platforms and devices businesses use to communicate, with a growing number of protocols that make each of these interoperable. Read this detailed guide on several types of VoIP video conferencing solutions.

importance of e r p  of Video Conferencing The use of video conferencing solutions has quickly become the standard of businesses with the highest distinction. Popularity of voice over internet protocol (VoIP) video conferencing is on the rise, and there are a range of platforms and devices businesses use to communicate, with a growing number of protocols that make each of these interoperable. Read this detailed guide on several types of VoIP video conferencing solutions. Read More

The Best of Both Worlds: Gain Flexibility through Multiple Models of Software Delivery


Lower IT costs, faster return on investment (ROI), and better security—just a few of the promises the software-as-a-service (SaaS) business model makes. SaaS can help small-to-medium businesses manage customer service and support cost-effectively. But there are a few concerns to consider if you’re thinking of an on-demand service. A vendor that offers the best of both on-demand and on-premise solutions may be the answer.

importance of e r p  Best of Both Worlds: Gain Flexibility through Multiple Models of Software Delivery Lower IT costs, faster return on investment (ROI), and better security—just a few of the promises the software-as-a-service (SaaS) business model makes. SaaS can help small-to-medium businesses manage customer service and support cost-effectively. But there are a few concerns to consider if you’re thinking of an on-demand service. A vendor that offers the best of both on-demand and on-premise solutions may be the Read More

The 'Joy' Of Enterprise Systems Implementations Part 3: Causes of Failures


This part discusses the causes of ill-fated implementation

importance of e r p  growing cognizance of the importance of vertical industry focused products. Software that combines industry-specific functionality with the flexibility to accommodate each company's unique processes goes a long way toward improving the functional fit and the speed of implementation. A vast majority of vendors have lately recognized the need to go back to the drawing board and redesign certain vertical solutions after their customers had serious difficulties using the existing ones. Also not uncommon is Read More

10 Reasons Why E-commerce Fails


“Build it and they will come” is not a strategy for e-commerce success. You wouldn’t expect a new store to bring in business without advertising and promotion, so why would you build a Web site and expect it to boost business if nobody knows it exists? E-commerce must be supported with marketing and advertising. Learn about the other nine reasons why e-commerce fails and how you can overcome these pitfalls.

importance of e r p  Reasons Why E-commerce Fails Bwired helps their customers make rapid, substantial improvements to the performance of their organisations by addressing issues in website strategy, technology and design. Source : Bwired Resources Related to 10 Reasons Why e-Commerce Fails : Electronic commerce (Wikipedia) 10 Reasons Why e-Commerce Fails E-commerce is also known as : ECommerce Strategy , ECommerce Success , E Commerce Impacts , ECommerce Report , ECommerce Research , Failed ECommerce , E Commerce Read More

Benefits of a Virtualized Data Center


The market penetration of server virtualization is staggering. Nearly 100 percent of Fortune 1000 companies are using virtualization technologies on production systems. On the other end of the spectrum, virtual utility hosts and cloud computing vendors are springing up to cost-effectively support smaller companies, showing benefit for those that require only a single server. Everyone is virtualizing, but why? Find out.

importance of e r p  of a Virtualized Data Center The market penetration of server virtualization is staggering. Nearly 100 percent of Fortune 1000 companies are using virtualization technologies on production systems. On the other end of the spectrum, virtual utility hosts and cloud computing vendors are springing up to cost-effectively support smaller companies, showing benefit for those that require only a single server. Everyone is virtualizing, but why? Find out. Read More