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2278-5671 ERP: AN EFFECTIVE RESOURCE UTILIZATION TOOL FOR ORGANIZATION Prof. Amar R. Mudiraj * ABOUT THE AUTHOR * PROF. AMAR R. MUDIRAJ; ASSISTANT PROFESSOR‚ MARATHWADA INSTITUTE OF TECHNOLOGY‚ AURANGABAD (MH) ABSTRACT In today’s era of fast growing organization‚ every organization is facing the problem of resource utilization‚ is one of the most difficult and challenging job for the organization. An organization needs an automatic tool for the resource utilization activities. ERP is one
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Minicase 1. ERP helps productivity at Northern Digital Inc. 1. For a small company like NDI‚ why is an ERP better than SCM applications? ERP’s major objective is to integrate all departments and functional information flows across a company onto a single computer system that can serve all of the enterprise’s needs while SCM software focuses on planning‚ optimization and decision-making processes in segments of the supply chain. ERP is also a cost saving application as it can be leased (in our
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Identify and explain at least three advantages and three disadvantages of the collaborative writing process in 200 to 300 words. In what situations might an individual writing process be preferable? Three advantages of Collaborative writing process: • Wider Expertise‚ Skills‚ and broader Knowledge advantages. The combination of thoughts and experience will offer a wider variety of ideas and resources than that of a single person. • Wider Responsibility. Time can be an issue for some
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The Advantages of ERP As companies grow and departmentalize their operations‚ it is increasingly important to ensure that the separation of function does not inhibit efficiency by erecting communication barriers. Smaller companies may be able to find tools to prevent this problem from occurring. Others‚ especially larger companies that operate complicated supply chains with thousands of suppliers and customers find creating effective links between departments more difficult. One way companies
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latest technologies‚ which includes software‚ IT equipment etc. Software solution that addresses all the needs of an enterprise with the process view of an organization to meet the organizational goals and integrate all the functions of the enterprise. ERP is one of the latest technology/system which are now being implemented almost in every
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SAP MRP Process details Maintaining Material Master MRP Views: To have a material managed through SAP MRP‚ it is mandatory that you would create the MRP views for the materials. When you create the MRP views for the material‚ a MRP Type has to be assigned in the MRP 1 view. A MRP type designated to the material explains whether the material is allowed to go through material requirement planning and if the MRP type allows material requirement planning‚ it explains the type of material planning that
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1. Define and explain the significance of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) A demand for a commodity‚ service‚ etc. which is a consequence of the demand for something else. In respect to Strategic Human Resource Planning‚ derived demand applies specifically to labor. The demand for labor is derived from the demand for the goods and services that labor is used to produce. The demand for labor is also influenced by the level of economic activity
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Human Resource Planning & Recruitment Chapter Summary This chapter describes the process an organization uses to plan and recruit so that there will be adequate human resources. The steps described are linking business strategies to future needs‚ forecasting labor demand and supply‚ determining in what positions there will exist a labor shortage or surplus‚ setting goals regarding future human resource needs‚ and identifying strategies to solve the problems of shortages and/or surpluses
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A critical consideration of the contribution of strategic management and strategic thinking processes to organisational performance. Strategic management and strategic thinking processes make a significant contribution to organisational performance. A strategy‚ according to Robbins and Barnwell (2002‚ p. 139) is “the adoption of courses of action and the allocation of resources necessary to achieve the organisation’s goals”. It is important for organisations to achieve their goals‚ as this can
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