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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

justification for an award  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 quantifiable and the intangible benefits of an ERP system, which compares firm performance before and after implementing ERP. Other scenarios are encountered in justifying ERP Read More
Discrete 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 or...
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Documents related to » justification for an award


Looking For Software-The Expectations of Small and Medium Enterprises
Small and medium enterprises (SME) looking for software must understand their needs and articulate their expectations to get what they want and need from

justification for an award  drivers for ERP investment justification. Are SMEs following Caruso's advice? Technology Evaluation Centers (TEC) assists user companies to select software. TEC is not forecasting what the market is doing; they are actively involved with companies that are currently looking for software. During the second quarter of 2005, they worked with 3,344 enterprises with 79.7% or 2665 of those enterprises having less than $500 million (USD) revenue. Interestingly, TEC reports that a surprising 59.1% were looking Read More
Business Activity Monitoring - Watching The Store For You
Business Activity Monitoring (BAM) can bring significant business value in the world of technical data, but its justification must be derived from business

justification for an award  technical data, but its justification must be derived from business management improvements. BAM has turned into a marketing term and therefore the definition is far from standard. The most important claim for BAM is that it can fundamentally alter the way businesses understand and act to threats and opportunities. For decades, systems have incorporated the concept of exception reporting . In many ways, BAM is an updating and extension of exception reporting. With exception reporting, the definition of Read More
Overcoming The Roadblocks To Hearing YES On New Projects
The money issue was usually caused by too much risk and too much time required. Since it is simpler and more understandable to talk about money, people use the

justification for an award  revenue used as the justification. The press is reporting some dire results from past projects (ERP, CRM. etc.) and this increases the fear that the returns will not be delivered. In the business world, we always must think of the personal risk factor. People are afraid for their jobs in this economic climate. The project sponsors are using their political capital to get the project approved. The personal risk is part of the equation. The question, If this fails, what does it mean to my job, my career, Read More
The Why of Data Collection
Data collection systems work; however, they require a investment in technology. Before the investment can be justified, we need to understand why a data

justification for an award  any business investment. The justification comes from two sources: improved information and cost reduction or avoidance. A data collection system can improve the value of existing or planned systems. The value of data collection is dependent upon these other systems. Think about the impact of these other systems receiving more accurate or timelier data. Will better data mean better decisions and therefore better business results? Data collection systems can also cut the cost of gathering data. It can Read More
ERP for the Oil and Gas Industry (Upstream)
The model of ERP systems for the upstream oil and gas sector addresses the particularly specialized business model of this industry. It is common practice for

justification for an award  for the Oil and Gas Industry (Upstream) The model of ERP systems for the upstream oil and gas sector addresses the particularly specialized business model of this industry. It is common practice for companies, individuals, and government agencies to form partnerships to explore, develop, and share production of oil wells. More often than not, this is a short-term alliance rather than a long-term partnership, and business structuring must therefore be flexible at initial set-up and throughout the Read More
Oracle JD Edwards EnterpriseOne 9.0 for ERP for Mixed-mode Manufacturing Certification Report
Oracle JD Edwards EnterpriseOne 9.0 is now TEC Certified for online evaluation of mixed-mode manufacturing solutions in the enterprise resource planning (ERP

justification for an award  JD Edwards EnterpriseOne 9.0 for ERP for Mixed-mode Manufacturing Certification Report Oracle JD Edwards EnterpriseOne 9.0 is now TEC Certified for online evaluation of mixed-mode manufacturing solutions in the enterprise resource planning (ERP) Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product Read More
IFS Applications (version 8.0) for ERP for ETO Manufacturing Certification Report
IFS Applications (v. 8.0) is TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for engineer-to-order (ETO) manufacturing in

justification for an award  Applications (version 8.0) for ERP for ETO Manufacturing Certification Report IFS Applications (v. 8.0) is TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for engineer-to-order (ETO) manufacturing in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product Read More
NetSuite OpenAir for PPM for PSA Certification Report
NetSuite OpenAir is TEC Certified for online evaluation of project portfolio management for professional services automation (PPM for PSA) solutions in the

justification for an award  OpenAir for PPM for PSA Certification Report NetSuite OpenAir is TEC Certified for online evaluation of project portfolio management for professional services automation (PPM for PSA) solutions in the Project Portfolio Management Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and Read More
The Chemistry’s Right for Betachem: Streamlined Distribution for Importer


justification for an award  Chemistry’s Right for Betachem: Streamlined Distribution for Importer Read More
CYMA IV Accounting for Windows
CYMAIV Accounting for Windows is a family of accounting software systems designed specifically for Windows users (98, ME, NT, 2000, 2003 Server). The

justification for an award  IV Accounting for Windows CYMAIV Accounting for Windows is a family of accounting software systems designed specifically for Windows users (98, ME, NT, 2000, 2003 Server). The software includes the following modules: Accounts Payable, Accounts Receivable, After-The-Fact Payroll (Client Write-Up), Bank Reconciliation, General Ledger, Job Costing, Payroll, Purchase Order, System Manager. Integrated third party add-ons include: State Payroll Forms, MICR Check Package, Crystal Reports, F9. Read More
Advanced project for Microsoft Dynamics AX: PPM for Professional Services Automation Competitor Analysis Report
A business practice that assists organizations to align their portfolio of projects with their business strategy. Professional services automation (PSA) refers

justification for an award  project for Microsoft Dynamics AX: PPM for Professional Services Automation Competitor Analysis Report A business practice that assists organizations to align their portfolio of projects with their business strategy. Professional services automation (PSA) refers to a system designed to streamline and track resources, projects, portfolios, revenues, and the costs of professional services organizations (PSOs), which provide billable services to their clients. Consequently, PPM for PSA provides both Read More
Ability 585 for ERP for Manufacturing (SMB) Certification Report
Ability 585 is TEC Certified for online evaluation of enterprise resource planning (ERP) for manufacturing (SMB) solutions in the ERP Evaluation Center. The

justification for an award  585 for ERP for Manufacturing (SMB) Certification Report Ability 585 is TEC Certified for online evaluation of enterprise resource planning (ERP) for manufacturing (SMB) solutions in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary. Read More
ERP for Small and Midsized Companies: Time for a Decision
Until recently, enterprise resource planning (ERP) software was rarely considered for use in smaller firms, as core benefits—better business management via

justification for an award  for Small and Midsized Companies: Time for a Decision Until recently, enterprise resource planning (ERP) software was rarely considered for use in smaller firms, as core benefits—better business management via coordinated, standardized information and analysis—were often outweighed by costs and complexities of ERP systems. A variety of options have emerged to overcome concerns of the past. Read on the key considerations in an ERP decision and critical implementation factors. Read More
ERP for Services (Non-manufacturing)
Typically, ERP systems designed for services industries offer modules that provide back-office support, customer relationship management, time management

justification for an award  for Services (Non-manufacturing) Typically, ERP systems designed for services industries offer modules that provide back-office support, customer relationship management, time management, expense management, resource management, and project management capabilities. Depending on the vertical market, additional industry-specific functionality may be included to address unique business requirements. Consequently, project-centric systems for accounting, architecture, construction, engineering, and Read More

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