W4-A Essay Example | Topics and Well Written Essays - 3000 words

W4-A - Essay Example departments or units such as HR department, Finance department, Supply chain management etc to coordinate activities by sharing information through this platform. ERP systems help in faster completion of daily routine tasks and with more accuracy. It reduces the overhead costs and enables better strategic planning since the needs can be assessed in a better manner. The team at ERP.com (2009) stated in one of their articles that the term ERP has originated from MRP (Material Requirement Planning) that later became Manufacturing Resource Planning and it also came from CIM (Computer Integrated Manufacturing). This term was originally used to refer to the extent the organization had planned to use their organization wide resources. Earlier, ERP systems were mainly used in large organization, industrial types of companies. In the late 70’s, the main idea behind MRP originated; it was meant for the management of the raw materials needed to fulfill the order from large companies and enterprises. After some time, the companies moved to a different approach â€Å"just in time† inventory planning. This step proved to cut warehousing and inventory costs because of better production planning. In these times, sales forecast started gaining a prominent name in business and hence began generating at weekly basis instead of monthly. This need evolved into a desire for a new dynamic enterprise system that could be used to manage company wide resources and data. A decade later, the need for a system that would enable the managers to streamline the processes and existing data throughout the organization evolved into Enterprise Resource Planning. ERP are now used in almost every organization, whether large or small. ERP are used to address a diverse range of areas in an organization; manufacturing, supply chain management, finances, project management (PM), customer relationship management (CRM). There are many service providers who offer reliable and efficient ERP systems, some

Critically discuss the changing nature of the global business Essay

Critically discuss the changing nature of the global business environment and its impact on the corporate security function - Essay Example In order for companies operating internationally to function effectively, they must be aware of the social environment of the host countries, for instance, the culture and their language. As globalization is taking effect in most countries, this has also led to several changes in the international business environment. According to Hamilton 2005, the changes include; emergence and growth of new trading blocs and major changes to the existing one, for instance, development of the European Union, emergence of new markets with a great potential of growth, changes of the fundamental economic system in some countries and regions, diminishing international trade barriers, growth of multinational organizations, development of modern communication technology, and the positive impact that communication has had to the global business environment (Brattnaite and Drahos 2000). This paper will examine the adjusting character of the business environment, and the force of global business on corpora te security. The progress made in the liberalization of the international trade- this aspect is of importance in regard to the growth of global business. The World Trade Organization (WTO) through consensus with other stakeholders has agreed to remove trade barriers such as quotas and tariffs. This move has greatly contributed towards the rise and importance of international business. Cosmopolitan customers have contributed towards the Growth of international business. Most consumers in this era are mobile. They move or travel from one place to another. The mobile nature of consumers combined with the improved global media network means that consumers are exposed to new stuffs in the market, and accessibility (Moran et al 2010). Thus, when consumers move from place to place in search of new products, then there is the development of