You established a small shop that manufactures a single product that you sell by

Question

You established a small shop that manufactures a single product that you sell by mail. You purchase raw materials from several vendors and employ five full-time employees. Describe the business functions that your shop would use software to perform? How does each software application benefit your shop? Does the software improve the efficiency of business functions? Or, does the software help your shop gain a competitive advantage, or is there another value proposition the software fulfills for your business?

Explanation / Answer

Different functions that a shop would use are:

Finance:

Engineering:

Manufacturing resource planning:

Customer Relationship Management:

Human Resource Management:

A good supply chain management system will help in having smooth flow of functions in the company.

A good enterprise planning management system (ERP) can reward the business. ERP helps in maintain a good information system.

Competitor advantage may diminish with the ERP system. It defined by a definite set of process.

ERPs are costly and installation will takes months.

ERP often requires adjustment and fine tunings.

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