ChAPTer 3 (ImPORTance of EnterPrise Resources PlannING)

Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance accounting manufacturing, sales and service, customer relationship management , etc. ERP systems automate this activity with an integrated software application. The purpose of ERP is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders

Why is ERP important to a company?

 

  ERP system enables interactions of marketing, sales, quality control, products processes, supply lines, stocks and many other areas and it can be in a single database.

 This will eliminate the occasional loss of and retyping errors. It integrates all departments and functions across a company in a single computer system that is able to serve all those different department's particular needs.

  ERP is greater levels of information flow, along with a higher quality of information. 

   

Given the fact that we are living in the Information Age, this is critically important. Companies must be able to rapidly transfer information from one place to another. When information is transferred quickly and efficiently, the company or organization will be able to act on the data within a short period of time.

  ERP is also powerful because it allows a company to effectively manage its inventory.

 When the products are manufactured, it will be done with a high level of precision. Perhaps the most important thing about this technology is that the costs will be decreased. When a company has to deal with large amounts of paperwork, managing it can be costly. It is also expensive to integrate various software tools that were not originally designed for each other.

  It is powerful because it allows a company to become highly flexible.

 An organization that uses this technology will be able to quickly adapt to changes that occur in the market. Though it may require a great deal of corporate restructuring, the benefits will pay off handsomely in the end. Flexibility is very important today. If an organization is not flexible, it will be difficult for them to stay competitive.

 ERP is the implementation of software. 

Even though Y2K didn't become the disaster that many people expected, it gave rise to the concept of making sure software was properly implemented. In addition to dealing with software issues, ERP can also help companies integrate their operations. At the same time, it is important to realize that there are a number of challenges involved with utilizing ERP. Perhaps one of the greatest of these challenges is cost. Enterprise Resource Planning tools are outside the price range of many organizations.

 TYPES OF ERP

Industry Specific ERP

ERP systems for large corporations are often built from the ground up to suit the organization's specific and unique needs. For a small business like yours, an off-the-shelf model will work fine. Most are grouped into three categories to service manufacturing, finance or logistics based companies.

Web-Based ERP

ERP programs tend to be complex, requiring high-end computers to run them. However, instead of purchasing the software to run on your computer in your office, many suppliers offer Software as a Service, or SaaS. In this case, you pay a subscription to access the software and your data over the internet. Because the program is running on a remote server, you are free to access it from anywhere you have an Internet connection.

Small Business ERP

Although ERP systems can cover everything from supply chain management to accounting solutions as well as customer relations management, your business may not need to automate all these functions. Therefore, software developers offer scaled-down models at a lower, more cost-effective price. For instance, your operation may work fine with a system that offers sales and order management, but leaves out the module for warehouse management.

CHAPTER 2:SAY "CHARGE IT"WITH YOUR CELL PHONE

1)Do you view this technology as a potential threat to traditional telephone companies?If so,what counterstrategies could traditional telephone companies adopt to prepare for this technology?


Yes,I agree with this statement that traditional telephone companies because based on 3 strategies.In thus case it refer to differentiation.It can create competitive advantages by distinguishing their products on one or more features that important to their customer.For example,from traditional phone can make to smart phone .This smartphone is easy for example we can make transactions with use this phone.we can paying the bills and many more.


2)Using Porter's Five Forces describe the barriers to entry for this technology?

Barriers to entry for this technology is product and services features that customers have come to expert from organizations and must be offered by entering organizations to compete and survive . Besides that,Technology involved. The more sophisticated and complex the technological requirements are, the more difficult it will be for other entrepreneurs to enter that kind of business. If you possess that kind of technology, then you can capitalize on it in dominating your chosen industry. It can become your niche that others cannot just enter into.In samsung phone have been use android.This application are very smart because we can download directly without to go anywhere.For buyers have many choice in market right now.They can make a decision.


3)Which of Porter's three generic strategies is the new technology following

In this case Porter;s three generics strategic follow differentiation.It means create competitive by distinguishing their products on one more features important to their customers and it unique features or benefits may justify price differences and stimulate demand.


4)Describe the value of chain of the business of using cell phones as a payment method?

Mobile payment, also referred to as mobile money, mobile money transfer, and mobile wallet generally refer to payment services operated under financial regulation and performed from or via a mobile divice Instead of paying with cash, check, or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods.

Refer to http://en.wikipedia.org/wiki/Mobile_payment.

Value chain  is a concept from business management that was first described and popularized by Micheal Porter in his 1985 best seller.Value chain of the business of using cell phones as a payment method is Merchants – it accept payments from the consumers by reading the card at the Point of Sale (PoS) machine and easy to customers.Secondly,Payment networks  and it connect and switch transactions between merchants & issuing banks.For example buyers just pay through telephone and the transitions are have.Thirdly is Issuers manage customers accounts and also take associted risk.Lastly is Acquirers hold merchant accounts and manage merchant payments.

5)What types of regulatory issues might occur due to this type technology?

Types of regulatory issues might occur due to this technology is fraud.Nowadays,technology is not something new to people.This technology has advantages and disadvantages.Fraud may occur in money transactions.For example,we already pay the money but the person that we must pay the money not received the money.This issues are usually occur in our daily life.Besides that,DOUBLE CHARGES.Nowadays,many people like online shopping. If we buy the thing,the seller charges the money.

cHAPter 2 (poRters 5 Forces mODel)

 What is the Five Forces analysis? 


Five Forces analysis model definition by Vernon Prior (The Language of Business Intelligence): “Five forces industry analysis helps to assess and manage the long-term attractiveness of an industry. It is designed to explain the relationship between the five dynamic forces that affect an
industry’s performance; these are the:

• intensity of competitive rivalry;
• threat from new entrants;
• threat from substitutes;
• bargaining power of buyers;
• bargaining power of suppliers.


Threat of Entry: Determinants

  In theory, any firm should be able to enter and exit a market, and if free entry and exit exists, then profits always should be nominal. In reality, however, industries possess characteristics that protect the high profit levels of firms in the market and inhibit additional rivals from entering the market. These are barriers to entry.Then,Capital requirements (raw materials, technology…).Economy of sale one of the threat of entry.Best practices IT is new bank must offers online paying bills,acccout monitoring to complete.


Rivalry Determinants: 

The competition among rival drives profit to zero.The competition is not perfect and firms strive for a competitive advantages over the rivals.If the rivals among firms is low,industry consider to be disciplined.For example Projected industry growth (fight for market shares).Best practices in IT reduce cost by using effective supply chain.

Determinants of Supplier Power: 

The supplier power is a producing industry requires raw materials  labor, components, and other supplies. This requirement leads to buyer-supplier relationships between the industry and the firms that provide it the raw materials used to create products. Suppliers, if powerful, can exert an influence on the producing industry, such as selling raw materials at a high price to capture some of the industry's profits.Besides that supplier concentration,density,switching costs,Forward integration threats,presence of substitute threats.Best practices IT for example b2b marketplace ,private exchange allow a single buyer to posts it needs and then open the bidding to any supplier who would care to bid.


Determinants of Substitution Threat: 

Substitute products refer to products in other industries. To the economist, a threat of substitutes exists when a product's demand is affected by the price change of a substitute product. A product's price elasticity is affected by substitute products - as more substitutes become available, the demand becomes more elastic since customers have more alternatives. A close substitute product constrains the ability of firms in an industry to raise prices..Best practices  IT is eletronic products with same functions different bands.


Determinants of Buyer Power:

 The power of buyers is the impact that customers have on a producing industry. In general, when buyer power is strong, the relationship to the producing industry is near to what an economist terms a monopoly - a market in which there are many suppliers and one buyer.Best practices of IT is loyalty program in travel industry.For example rewards on free airline tickets or hotel stays.

FIRST CLASS SEMESTER 5.....

MK 19??????di manakah class itu?????aku dengan member2 aku pening mencari class tersebut.Kawan2 tahu x clss tu kat mana????mesti x tahu jugak kn??hahahaa...yang tahu class tu cuma budak2 kos yang hot je..hehe..opsssss....terlepas cakap sudah...ishh,korang ni..x akan x thu kot????budak kos mascom la...diaorang punya clss semua kat kayangan tu..barulah aku dengan member2 aku tahu class 2 kt mana...hehe..Kalau x kami x pergi class tu sebab jauh sangat..mujurla ada kawan kami si Ain ni dengan member2 dye bawakan aku naik kereta diorang...akhirnya sampai juga aku dengan kawan2 aku pergi class..

         Mula-mula aku tertanya tanya juga MGT 300 mean what???aku bukanya tahu...maklumlah,cuti sem memang x ambil tahu hal belajar dah...huhu..Masa dalam class yang first ni la baru aku tahu maksud MGT 300 tu apa..Nak tahu x maksud dia ape????jeng3...ala,senang je....Teka la dulu..hehe..tut..masa dah tamat..maksud nya ialah TECNOLOGY IN BUSINESS...hehe..Pn.Intan Liyana yang bagi tahu kami semua maksud dia..Kalau korang nak tahu,dia la orang yang mengajar aku dengan rakan2 aku subjek ini...dia banyakla terangkan kat kami satu clss pasal subjek 2...aku suka belajar subjek ini,..korang nak tahu kenapa???????sebab????aku minat beli barang2 on9 ni...hehe...subjek in ade berkaitan dengan berniaga on9..

       Ok...skrg ni aku nak mulakan mengenai subjek ni...first sekali, madam terangkan pasal chapter 

1.Chapter 1 tajuk besar dia BUSINESS DRIVE TECHNOLOGY.

OK...firstly I want to tell u about IT.Today u know electronic that connect to one onether are found everywhere.for examle in office home,car and mony more.IT is important for everyone.

       

      The impact of IT in businees operations is reducing costs,improving productivity and generating growth.When I in this class I know information technology basic. In this Information Technology Basic have Management Information System (mis).IT is a business function just as marketing,finance and human resources.The important or elements of MIS is data,information and business intelligence.Secondly,IT resources,and lastly ITcultures.

     After I learn about that I know how to distinguish management information system (mis)  and information technology(It.)Nowadays ,IT is related in our daily life.I also can decribe the relationship among people ,information technology and information.

     Before I end this chapter,the key of IT resources is people,information,and information technology.All the people in the world may use the IT.Organizational Information Cultures have four.

   Firstly,information functional culture.Secondly,information sharing culture.Thirdly,information inquiring culture.Lastly,discovery culture.For more information u can refer to this website 

http://www.haworth.com/en-us/knowledge/workplace-library/Documents/Four-Organizational-Culture-%20Types_6.pdf

Ok,I think it enough for chapter 1.We will meet i the next chapter .

    

bYE Bye>>>>>>>>>>>peace yooooo...:-)