Implementation of an Integral ERP System Essay Example | Topics and Well Written Essays - 2000 words

Implementation of an Integral ERP System - Essay Example All these tasks have to performed on the real-time basis. Inventory control is one of the key areas, where a lot of companies claims to have saved the lot of money, which otherwise spent on manual inventory. Â  Here, an attempt has been made to understand the ERP solution, being used at Actavis, which is my SCM from the SAP. The system seems to be slightly low performing at the real-time, so a recommendation to adopt PeopleSoft Enterprise available from Oracle has been made. Advantages of the new system have been elaborated. Justification of change and a complete action plan has been prepared. A cost reduction, while using this system has been anticipated, mostly from inventory control. Â  2.0 Introduction: The changes over the past decade have expanded the business of many Fortune 500 and International companies. ERP had made an integral element within these large organizations. The modern ERP system performs "what if" analyzes for various processes, track human resource information, manage warehouses and allow sophisticated analysis and tracking of customer buying habits and preferences. These modern ERP systems are capable to track, monitor and share data across multiple locations (Karl et al, 2001, p. 22). Â  quality pharmaceutical bus... Â  e (About Actavis n.d.) and uses a Supply Chain Management (SCM) package of SAP Germany, to monitor, supply chain management, inventory management and sales records. Although the system is effective it is very low while executing. Actavis, being multinational is advised to adopt an ERP package from Oracle for improving supply chain management, throughout the globe. 3.0 Description of the current situation: At present mySCM from SAP is being used at the local location of the company Actavis. A day-to-day inventory management is being monitored and production is advised accordingly. To achieve a better production, supply, demand management, the following points need to be taken into consideration. Â  Production planning at all locations throughout the globe. Â  Consumption and demand patterns. Â  Supplying the product according to demand from one of the manufacturing location to obtain cost-effectiveness. Â  Distribution and customer services. Â  The current software is not able to deal with all the points as mentioned above, therefore in the current situation, there is a need to improve the supply chain management to achieve better results in sales, production in profits. Â   Â