Characteristics of Six Sigma
Six Sigma is a well-known management breakthrough. There is a dearth of experts who have defined the process in their own way and have come up with a long list of characteristics. However, according to us this performs a task of confusing people rather than actually giving them insight into the way Six Sigma actually […]
Need for Business Process in Organizations
To survive and grow your business in the current times, you have got to learn the ropes of business once again. If you look at the market, you will see a lot of brands and organizations that were in the fore front in the last few decades no longer exist. The leadership in the market […]
Quality Control Techniques
Introduction Quality of product and services determines success or failure of the organization. Consumers expect the company to maintain high-level of quality and consider it an important aspect of satisfaction. Quality management, therefore, becomes very important as far as any organization is concerned. Quality management can be accomplished through various quality control techniques. Quality assurance […]
Historical Origins of the Present Global Economic Crisis
The Roots of the Present Economic Crisis The global economic crisis that started in 2008 has its origins in the events of the 1970s. That was the time when the United States reneged on its commitment to work under the Bretton Woods Agreement, which stipulated that countries must peg their currencies to gold and must […]
Material Handling – Principles, Operations and Equipment
Introduction Raw materials form a critical part of manufacturing as well as service organization. In any organization, a considerable amount of material handling is done in one form or the other. This movement is either done manually or through an automated process. Throughout material handling processes significant safety and health challenges are presented to workers […]
Business Intelligence (BI) - An ERP product provides hundreds of standard reports, generated weekly or monthly or year end basis which acted as a hardcopy dashboards within the organization.
In order to improve report generation functionality, an ERP system provides various report writing tools (such as crystal report writer, safari report writer) as well as SQL query functions.
A few ERP vendors also attempted to provide hyper relational interface to provide direct logical link to database. But these functionalities are having limited utilization due to complexities of their usability. The user has to still depend on IT department for generation of custom built reports. As a consequence, the “export to excel” is still the most popular mode of creating a customized report from an ERP system.
The need for corporate management is for an analytics which provides an insight to current trend and future direction of the organization, assisting proactive and predictive business management. For the common user, getting simple drag and drop reports, which supports their current decision making process on operational issues, without the help of IT department, is also an imperative.
Advent of BI - A number of product developers have currently come with their offering of BI tools to meet this business need. This includes more generic products offered by SAS and Cognos as well as products targeted to specific business segments such as BI for procurement offered by Informatica. ERP product developer also started to embed their products with BI suite.
Functioning of BI: BI tools are database independent and provides access to ERP data, legacy data and off line data. It also interacts with data warehouse to access instances of data. It encompasses and pull information from various ERP modules and other installed software and presenting it in real time.
It provides a dashboard with drill down capacity that gives a single and consolidated view of relevant information without forcing the end users to switch between several windows and applications. End users create tailored view of data involving their operation through simple drag and drop operation. BI comes with strong analytic tools which facilitate sorting, calculation, analysis of data and provides different graphical representation to identify critical key trend and opportunities.
Corporate Performance Management: The corporate performance management systems are built over the platform of business intelligence. It provides a bi-directional integration of strategic, operational and tactical business process metrics where strategy is broken down into operational targets and the execution is monitored and adjusted to achieve the set targets.
CPM builds on a number of methodologies and system solutions to achieve this objective and ensures the drive for performance is coordinated and becomes the responsibility of each person in the organization.
Approach to CPM: The approach to CPM, based on the principal of predictability, visibility, accountability and confidence emanating in the eyes of investors, other stakeholders and regulatory authority for an organization, is comprised of the following:
Structure of CPM: CPM solutions are built over existing ERP and BI systems, as per the following diagram:
Your email address will not be published. Required fields are marked *
ERP Service Module – Call Handling and Service Orders Control
February 12, 2025
Why are Companies Constantly Upgrading their ERP Systems?
February 12, 2025
Users Interface and Users Management in ERP System
February 12, 2025
