Enterprise Resources Management Essay

1. What is the business of Sinosteel, what are its major ch tot solelyyenges, and how would an ERP system address the challenges they scene?h It has core business in resources education, trade & logistics, engineering undertaking and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, peculiarly steel mills.h Maintenance of economic and technological cooperation with other nations and orbicular companies and strengthen its global reach. As well as, along with other read enterprises, continue efforts to expand the global control over commodities-key, hence exclusivity to fit stream in the provision that will ensure a loyal stream of resources to the booming economy of China.h They optimize management processes, regularize coding, regulations, etc. prevention of information risks, conciliate industry processes and superior will power expertise, centralize and unify the communication process, r eports, 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 about of the objectives, but later in the video an IT manager is clearer and reflects the CEO is scene almost exactly. You will need to listen carefully.h Because the need to unify management of diverse trading operations useing the major enterprise resource judge 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 marcher company. These prove risk as there localized were delinquent costumers could all many to one needy subsidiary, all need a flyer be paid by another . Through CRM they could prevent this kind of function happening again, they are sharing all costumers information.3. What factors were important in the prime(a) of Oracle?h Oracle is the CEO of the International level, has rattling unfaltering 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 base the range of oracle e-business suit of applications as well as hatful software enterprise and JADE enterprise 1.5. What do you think of somewhat the implementation issue s and risks might have been with this system?h It has grown by means of 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, in all probability the management processes were optimized, created standards for those subsidiaries, they used an integration business management plataform, etc.6. How did this investing 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 roughly the globe and delivery to right place, at right time, efficient make out chain management is crucial. All under storming is the condition for have emerge chain information management, is to have three floors of information internally, ERP was the first rear end 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 alike saw immediate benefits as the company adopted global HR policy standards. Employees personal and financial information connect efficiently, HRMS has very substantiative results in Sinosteel. The oracle ERP system delivery multiples benefits to Sinosteel.