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Vlad1618 [11]
3 years ago
13

Provide an overview of the implementation process (e.g., the ERP life cycle, business process re-engineering, project management

, and change management) and the role of staff, vendors, consultants, and the organization in making the ERP implementation process successful. g
Business
1 answer:
Morgarella [4.7K]3 years ago
8 0

By implementing an ERP system, companies expect to have a tool that covers all or most of their processes to improve their operation and productivity. Thus, a phase methodology to implement an ERP will help with this purpose as well as the clear and concise definition of vision, objectives and scope of the implementation, monitoring and risk mitigation plans, project socialization, review of the base processes, configuration, parameterization tests, training, etc.

1) Organization - Project Planning

This stage will aim to determine the resources of the project, both technical and human, in the same way the project planning agreements must be defined in terms of work times and schedules. The work team should be defined, with the roles and responsibilities of each role totally clear. It is also recommended at this stage to leave the software installed to guarantee, from the beginning, its correct operation in the company's own environment.

2) Modeling - Business Understanding

The objective of this stage will be to reach a common understanding between the specialist team of the system and the expert team of the company as to what are the current processes of the company and what are their expectations regarding the implementation of the ERP.

3) Parameterization - Configuration and Development

In this stage the tool must be configured under the parameters defined in the previous stage. If necessary, it must also comply with the special developments or configurations that are required. In addition, this stage must be the one indicated to carry out tests of the configuration as well as tests of any development or integration with other systems that have been required.

4) Final Preparation

The objective of this stage will be to cover all the pre-live requirements. This is where the training of end users should be carried out as well as that of the ERP system administrator. Additional at this stage, final system tests, system adjustments and preparation of initial balances for live departure must be met.

5) Start-up or Go Live

Finally, this stage is aimed at the implementation of the new system, its main objective is to leave the testing environment and start working on a definitive Production base. Additional focuses on the support required during the first weeks of work as well as the performance improvement adjustments that may be required. However, it is necessary to know that there is life after implementing an ERP.

6) Project Control

This is an independent stage from the previous phases and the project to implement an ERP should be fulfilled throughout the project. Its objective is to keep control of it with respect to planning compliance, delays, pending, risk analysis and mitigation, and any activity that supports quality control of the implementation.

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Refer to the demand schedule below: Price ($) Quantity demanded 80 0 70 50 60 100 50 150 40 200 30 250 20 300 10 350 0 400 a. Su
snow_tiger [21]

Answer:

a. inelastic

increases

b. inelastic

increases

c. elastic

decreases

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes. An increase in price would lead to decrease in total revenue

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one. An increase in price would increase total revenue

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

Elasticity when price increases from $10 to $20 :  -0.143 / 1 = -0.143

Percentage change in quantity demanded = (300 / 350) - 1 = -0.143

Percentage change in price = (20 /10) - 1 = 1

Demand is inelastic

Elasticity when price increases from $30 to $40 : -0.2 / 0.33 = 0.6

Percentage change in quantity demanded = (200 / 250) - 1 = -0.2

Percentage change in price = (40 /30) - 1 = 0.33

Demand is inelastic

Elasticity when price increases from $50 to $60 : -0.33 / 0.2 = 1.65

Percentage change in quantity demanded = (100 / 150) - 1 = -0.33

Percentage change in price = (60 /50) - 1 = 0.2

Demand is elastic

8 0
3 years ago
Alternative price indexes
cluponka [151]

Answer:

-value of all goods and services produced in the economy this year

-this year's prices

-value of all goods and services produced in the economy this year

-the base year's prices

-bought by consumers

-the first scenario would have effect on the GDP deflator

-the second scenario would have effect on the GDP deflator

Explanation:

The GDP deflator is used in measuring inflation in the economy by measuring changes in prices of goods in the economy. It is used together with other indices such as consumer price index in arriving at a more accurate or balanced measurement of inflation I'm the economy. The GDP deflator would be affected above because it is more comprehensive in it's calculation or measurement as it doesn't take into account only a basket of goods and services like the Consumer price index does

6 0
4 years ago
Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July: Opened a busi
crimeas [40]

Answer:

A. Net Income = $22,790

B. Shareholders' equity balance is = $69,490

Explanation:

Requirement A:

Les Stanley

Income Statement

For the year ended, July 31, 2015

Revenues:

Fees Earned $28,500 (1)

Expenses:

Rent expenses $2,600 (3)

Automobile Expense $2,000 (4)

Office Salaries $4,200 (5)

Miscellaneous expense$ 800 (6)

Interest Expense $ 110 (7)

Total Expenses $5,710

Net Income $22,790

Note - 1: Fees earned = $28,500 (Journal 3)

2. Common stock = $50,500 (Journal 1)

3. Rent expense (Journal 4)

4. Automobile expense (Journal 5)

5. Office salaries (Journal 7)

6. Miscellaneous expense (Journal 6)

7. Interest on payable (Journal 8)

8. Dividends (Journal 10)

Requirement B:

Les Stanley

Statement of shareholders equity

For the year ended, July 31, 2015

Particulars Share R. E* Total

Balances, July 1, 2015 $0 0 $0

Add: Issued Capital $50,500 (2) 0 $50,500

Add: Net Income $0 $22,790 $22,790

Less: Dividends (8) $0 $(3,800) $(3,800)

Balances, July 31, 2015 $50,500 $18,990 $69,490

Therefore, shareholders' equity balance is = $69,490

5 0
3 years ago
Which of these are ways to protect yourself against identity theft
Free_Kalibri [48]

Answer:

All of the above except: Don't tell people your dog's name

Explanation:

Hope this helps!

6 0
2 years ago
1. I tend to be critical of others?
makvit [3.9K]

Answer:

Sorry but I don't know what to make of this.

Explanation:

5 0
3 years ago
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