HRM 3400 Lecture Notes - Lecture 28: Transaction Processing System, Enterprise Resource Planning, Purchase Order
23 May 2018
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HRM 3400 Lecture 28 Notes – Enterprise resource planning, Transaction processing systems
for small and medium-size enterprises (smes)
Introduction
• Purchasing systems.
• The traditional transaction processing systems that support the purchasing business
function include inventory control, purchase order processing, receiving, and accounts
payable.
• Employees place purchase order requests in response to shortages identified in
inventory control reports.
• Purchase order information flows to the receiving system and accounts payable
systems.
• A record of receipt is created upon receipt of the items ordered.
• When the invoice arrives from the supplier, it is matched to the original order and the
receiving report and a check is generated if all data is complete and consistent.
Transaction processing systems for small and medium-size enterprises (smes)
• Many software packages provide integrated transaction processing system solutions for
small and medium-size enterprises (SMEs), wherein small is an enterprise with fewer
than 50 employees and medium is one with fewer than 250 employees.
• These systems are typically easy to install, easy to operate, and have a low total cost of
ownership with an initial cost of a few hundred to a few thousand dollars.
• Such solutions are highly attractive to firms that have outgrown their current software
but cannot afford a complex, high-end integrated system solution.
• Presents some of the dozens of such software solutions available.
Enterprise resource planning
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