Page |1 LG Operations strategy Final Report Introduction Founded in 1947 as Lucky Chemical Industrial Corporation‚ they established their electronics arm‚ called GoldStar in 1958. It did a sizeable business in manufacturing radio sets and went on to make one of the first and highly selling color TVs in Asia. Domestic competition led them to restructure their operations in early 90s‚ merging the two major business heads under a new name – LG Electronics. In 2006‚ they launched the now popular “Blue
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restrictive sense‚ as information technology management. That area of study should not be confused with computer science. IT service management is a practitioner-focused discipline. MIS has also some differences with Enterprise Resource Planning (ERP) as ERP incorporates elements that are not necessarily focused on decision support. ACKNOWLEDGEMENT We are very grateful to our mentor‚ Prof Swaroop Mohanty and also to the Asst. General Manager of Godrej & Boyce Mfg.Co.Ltd‚ Mr Sudip Kumar Choudhury
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1.0 Background Public Bank is currently the largest domestic bank in Malaysia by shareholders’ funds. It is well-known in 1966 by its founder and chairman‚ Tan Sri Dato Sri Dr Teh Hong Piow. The bank was planned on the Malaysia Stock Exchange in 1967. The Public Bank Group employs more than 14‚000 people‚ with in Hong Kong and China‚ Cambodia‚ Vietnam‚ Laos and Sri Lanka. Public Bank is one of the most competent banks as reflected by its low cost to revenue ratio in Malaysia. The Public Bank Group
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Understand transaction cycles Master files Store relatively permanent data about External agents Internal agents Or g/s No detail about indiv transaction Second data- either reference or summary – how many books we have sold Types of ERP: Manufacturing Resources Planning (MRPII) Engineering‚ bills of material‚ scheduling‚ capacity‚ workflow management‚ quality control‚ cost management Supply Chain Management (SCM) Inventory‚ order entry‚ purchasing‚ supply chain planning‚ supplier
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World News & Video - Wall Street Journal - Wsj.com. Retrieved December 22‚ 2013‚ from http://www.wsj.com Ehie‚ I & Madsen‚ M (2005) “Identifying critical issues in enterprise resource planning (ERP) implementation”‚ Computers in Industry‚ 56(1)‚ pp. 545-557 Preparing for your SAP upgrade. (n.d.). PANAYA: SAP ERP & Oracle EBS Impact Analysis & Functional Testing. Retrieved December 19‚ 2013‚ from http://www.panaya.com
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consumer ’s demand for Riordan products presents the need for an improved and up-to-date ERP system. Riordan Manufacturing Inc. ’s continued success requires a system that is better designed and equipped to efficiently handle the high volume of customer orders. Many current business processes would be significantly impacted by the employment of this new and up-to-date ERP system. The implementation of this ERP system would provide Riordan with real-time monitoring of manufacturing‚ marketing and
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Analysis of Case Facts Assuming that the payback period for implementing the fully integrated ERP system with an initial investment cost of Php 3‚000‚000 is only one year‚ we have derived the total cash inflow by implementing the ERP system is also equal to Php 3‚000‚000 through the formula Payback period is equal to initial investment divided by the total cash inflow. Using this value‚ we have computed how much does Ultimate Global Paper Corporation will save if it falls in any of the three scenarios
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Five Types of Information Systems Information systems are constantly changing and evolving as technology continues to grow. Very importantly the information systems described below are not mutually exclusive and some (especially Expert Systems‚ Management Information Systems and Executive Information Systems are can be seen as a subset of Decision Support Systems). However these examples are not the only overlaps and the divions of these information systems will change over time. At present there
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cut labor costs were implementing the ERP system. The main purpose of ERP system is to collect all of the data that is entered by the different branches. Riordan is a manufacturing company and producing items is how they make money. Many factors come in to play when you are trying to make money off of manufacturing goods. Labor costs and transportation costs all have to be accounted for when figuring out how much to charge for a product. With implementing the ERP system labor costs can be calculated
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11/20/2012 The Kaizen Forum Supply Chain Management Plus its Enabling & Supporting Technologies IBA 6th May 2012 The Kaizen Forum Today’s Scenario • With today’s emphasis on cutting costs and streamlining expenses‚ many companies are looking to improve their bottom lines with more effective supply chains. • Lack of understanding about what a supply chain is or how it fits into the companies overall strategy. 1 11/20/2012 The Kaizen Forum Supply – Chain - Management
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