ERP and CRM Systems: Streamlining Business Operations
What is ERP and Why is it Important?
Enterprise Resource Planning (ERP) is a software system that integrates and manages core business activities, including accounting, procurement, project management, risk management, and supply chain operations. ERP connects various business processes, facilitating seamless data flow across departments and creating a single, centralized source of truth. A practical analogy highlights its importance: ERP is as indispensable to modern businesses as electricity is
Read MoreSelf-Awareness, Happiness, and Ethical Management
Self-Exploration
Self-exploration is a conscious effort to understand oneself, including one’s thoughts, emotions, values, and actions. It is a journey of self-awareness aimed at personal growth, clarity, and alignment with one’s purpose.
Concept
- Understanding the Self: Examining one’s beliefs, strengths, weaknesses, and motivations.
- Alignment: Ensuring that one’s thoughts, decisions, and actions resonate with their values and long-term goals.
- Self-Awareness: Recognizing one’s patterns, triggers,
ERP and CRM Systems: Understanding Their Functions and Importance
What is ERP?
Enterprise Resource Planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management, compliance, and supply chain operations.
- ERP systems tie together a multitude of business processes and enable the flow of data between them.
- Collects an organization’s shared transactional data from multiple sources, eliminates data duplication, and provides data integrity with a single source
Information Systems & Technology: A Deep Dive
1. Data, Information, and Systems
What are they?
Data: Raw materials like symbols, numbers, words, and images used to produce information.
Information: Data within a context, giving it meaning.
System: The mechanism that generates information.
2. Information Systems
Definition
A set of interacting elements supporting business activities.
3. Computerized Information System Elements
- Hardware: Computers and peripherals.
- Human Resources: People using and feeding data into the system.
- Data/Information: Inputs for
Project Planning: Optimal Plant Size, Location, and Layout
1. What is Macro Location and What are its Essential Features?
Macro location study aims to determine the region or territory in which the project will have influence with the media.
Factors to consider:
- Proximity and availability of raw materials
- Transport: inputs and outputs
- Maritime
- Railway
- Road
- Air
- Availability of public services
- Water
- Electricity
- Natural gas
- Telecommunications
2. Micro Location: What is it and What Factors Influence it?
Micro location is the study done for the purpose of selecting the community
Read MoreProduction Planning and Control: From Strategy to Scheduling
**Item 14: Planning and Production Control**
Operations Planning: Medium and Short Term
The process of planning and controlling production should follow a hierarchical approach in which vertical integration is achieved between the strategic and tactical objectives of the production system. It should also establish its horizontal relationship with other functional areas of the company. There are different hierarchical levels when making operations planning, depending on the horizon, but it is conditioned
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