COMMERCE 2KA3 Lecture Notes - Lecture 5: Cash Management, Order Processing, Sales Quote
29 Jan 2019
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Document Summary
What are enterprise systems: suite of integrated software modules and a common central database, the database collects data from many different divisions and departments in a firm and from a large number of business processes. Information collected from one process can be accessed and used by other processes in the firm. Enterprise software: built around thousands of predefined business processes that reflect best practice. Select functions of systems they wish to use. Can rewrite some of the software to support the business processes. Business value of enterprise software: a more uniform organization, more efficient operations and customer-driven business processes, firm-wide information for improved decision making. The supply chain: a network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and distributing the finished products to customers. Finished goods shipped after leaving assembly line: safety stock. Buffer for lack of flexibility in supply chain: bullwhip effect.
