Why Corporates Must Address the Gender and Racial Pay Gap as Part of Diversity Efforts
How Corporate America is Turning Rainbow to Become More Diverse Diversity is the buzzword among corporates and business leaders in recent times. Not a day passes without some prominent business leader or CEO (Chief Executive Officer) of a major corporation declaring their intent to have a more diverse organization and to be more inclusive towards […]
Pay Cuts vs. Lay-Offs
Recessions and downturns are part of a normal business cycle. When business is booming, corporations tend to hire more people than they need. This is the reason why these same corporations are later forced to lay off some of their employees during periods of recession. However, layoffs are seen as being inherently negative. Companies that […]
How Information Technology can Enable Governance in Developing Countries
The Problems of Governance in Developing Countries Governance is a problem in many Third World countries where the structures and the systems of governance are slow, archaic, and bureaucratic. Moreover, many developing countries do not have processes in place that would ensure reliable delivery of public services. For instance, take the example of the Asian […]
Self Improvement: Investing in Oneself is a Continuous Process
Tough Times Need Tough People When the going gets tough, the tough get going. This is the simple message that has resonated across generations in response to the cyclical processes of life where victories are counterbalanced by setbacks and the future cannot be predicted with certainty. In other words, when the times are challenging as […]
The Stages of Descent into Bankruptcy
Bankruptcy is a common phenomenon in the business world. There have been many cases wherein the stalwarts of yesterday, the companies which were running multi-billion dollar profits, have later filed for insolvency. For the benefit of the readers, let us define bankruptcy. Bankruptcy is the stage at which companies find it financially unviable to function. […]
ERP represents a wide suite of applications covering various enterprise functionalities. It also links together departments and business units. Whereas an ERP system provides a perfect back end system, the organization still needs to interact and collaborate with its suppliers and vendors, where an ERP system plays only a limited role.
Extended ERP: The business functions of an organization are depicted in the diagram below:
Functions depicted in the diagram within the dashed rectangular, represents backend business functions of an organization, which are adequately dealt by an ERP system. But an ERP system can only play a limited role for collaborating with suppliers’ and customers (as depicted outside the dashed rectangular).
The organizations need to collaborate with web customers and suppliers for carrying out activities such as bidding, ordering, payment, sharing inventory information and catalogues, electronically and in real time. This is not possible through traditional Electronic Data Exchange (EDI) functionality of an ERP system. It is, therefore, incumbent on the organizations to invest in collaborative tools such as customer relationship management (CRM), supplier relationship management (SRM), and e-commerce. To drive down cost of supply chain, across vendors, distribution network and customers, various supply chain, warehouse management and transport solutions are deployed.
A limitation of an ERP system is that it provides current status only, such as open order, open entry and it does not depict past instances of data. Decision makers often need to look past current status to find trends and patterns that aid better decision making process. Hence the corporate are also investing in solutions providing business intelligence (BI), corporate performance management (CPM and knowledge management).
Enterprise Application Integration (EAI): Linking of an ERP system with new breed enterprise collaborative and intelligence suites is a cumbersome process, involving many hours of hand coding, due to rigid architecture and coding system of an ERP system. Enterprise Application Integration which provides integration suite to existing ERP system promises to speed the work of linking applications and minimizing the role of custom built code.
Approach to EAI: From a business perspective, it is imperative that ERP and various other applications which an organization deploys should behave as one integrated whole. The popular way of creating such integration is through massage oriented middleware, which is designed to handle all inter programme communications logic by means of message queues. The middleware takes a message such as a transaction and intelligently routes and reformats that message for one or more target systems. These middleware are built over existing parent middleware products/ open standard such as IBM MQSeries for message transport and DCOM/ CORBA for connectivity standard.
Application of Service Oriented architecture (SOA) - SOA has gained popularity in recent years due to its enabling functionality or services to upgrade and extend existing software applications. SOA is an architectural approach to build and deploy software applications that is interoperable by design say generation of a XML document based on a common open standard.
The importance of SOA has grown in recent years due to number of mergers and acquisitions in software industry, particularly by Oracle, Microsoft and Infosys, where companies endeavor to leverage their existing client base and to integrate their acquired software (mostly extended ERP products) with their clients’ existing ERP system. The netweaver from SAP or Fusion from Oracle, are examples of these organizations’ SOA initiative whereas Infor is incorporating SOA capabilities in their product lines.
The main advantage of SOA is that software capabilities are connected easily. Unlike EAI no middleware is needed as adoptions of standards enable services to interact directly. It also enhances reusability capacity of software, resulting longer life of existing assets. A successful SOA implementation makes it easier to customize and upgrade existing applications thereby reducing total cost of ownership. In brief SOA application connects seamlessly ERP modules, customization part of ERP modules, industry specific solutions and extended applications such as SCM, CRM and BI.
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What the Current Wave of Protectionism and Populism mean for the Future of Globalization and Free Trade
February 12, 2025
