Data Mining

_ Data mining is the process of identifying valid, novel, potentially

useful & ultimately comprehensible information from databases that

is used to make crucial business decisions.

_ Modern data mining systems self learn from the previous history of

the investigated system, formulating & testing hypotheses about the

rules, which the system obeys.

_ The problems that surface when human analysts process data

are…

_ The inadequacy of the human brain

_ The lack of objectiveness in analyzing the data

Technologies of ERP

_ BPR – Business Process Reengineering

_ Data Warehousing

_ Data Mining

_ OLAP – Online Analytical Processing

_ Supply Chain Management

Reduced Quality Control : Typology of ASQC

Costs of scrap Rework Re inspection Internal

Failure Costs Low production yields for non confirming items

External

failure Costs

Warranty claims repairs Service costs

Appraisal

Costs

Cost of inspection upon

arrival

Cost of inspection during

manufacturing

In laboratory tests and by outside inspectors

Prevention

Costs

Design & development of new quality equipment

valuation costs of a new product or service, training of

quality personnel.

_ 3 Fundamental characteristics of information are

_ Accuracy

_ Timeliness

_ Relavancy

The direct benefits of an ERP system

Business Integration

_ ERP Packages – integrated – Automatic data updating

_ Flexibility

_ Different languages

_ Different currencies

_ Accounting standards

_ Better analysis & Planning Capabilities

_ Information to the decision makes as per their requirements

sot they can make better informed decision.

_ Use of latest technology

_ The indirect benefits of an ERP system

_ Better corporate image

_ Improved customer goodwill

_ Customer satisfaction

_ Problem areas in ERP Implementation

_ Attitude reform of the employes at all the levels of that company.

_ Roadmap for successful ERP Implementation

_ Most important step in ERP implementation

_ Gap Analysis

An Enterprise

_ An enterprise is a group of people with common goals, which

has certain resources at its disposal to achieve that goal.

_ Benefit of ERP

Reduction of lead time Increased flexibility

On time shipment Reduction in quality cost

Reduction in cycle time Improved resource utility

Better customer satisfaction Improved information accuracy

Improved supplier performance Decision making capability

Reduction in lead time

_ The elapsed time between placing an order and receiving it is

known as the lead time.

_ To avoid missing deliveries…

_ Request the material well in advance

_ Keep a large stock

_ Maintain very high reorder level

_ Efficient inventory management system

_ Purchasing

_ Production planning

_ Production department

ERP systems are designed to help your company to

_ Trim data transfer time

_ Reduce errors

_ Increase design productivity

By providing an automated link between engineering and

production information.

_ Reduction in Cycle Time

_ Cycle time is the time elapsed between receipt of the order and

delivery of the product.

_ Better Customer Satisfaction

_ Customer satisfaction means meeting or exceeding customer’s

requirements for a product or service.

Companies are replacing their key business system

To enable improved business performance
Cycle time reduction
Increasing business agility
Inventory reduction
Order fulfillment improvement
To support business growth requirements
New products / product lines, new customers
Global requirements including multiple languages &
currencies
To Provide flexible, integrated, real-time decision support
Improve responsiveness across the organization
To eliminate limitation in legacy systems
Century dating issues
Fragmentation of date and processing
Inflexibility to change
Insupportable technologies
To take advantage of the untapped mid-market (medium size
organization)
Increased functionality at a reasonable cost
Client server/open system technology
Vertical market solutions

blog gives information about ERP stands for Enterprise Resource Planning

ERP stands for Enterprise Resource Planning. ERP is a way to integrate the data and processes of an organization into one single system. Usually ERP systems will have many components including hardware and software, in order to achieve integration, most ERP systems use a unified database to store data for various functions found throughout the organization.
The term ERP originally referred to how a large organization planned to use organizational wide resources. In the past, ERP systems were used in larger more industrial types of companies. However, the use of ERP has changed and is extremely comprehensive, today the term can refer to any type of company, no matter what industry it falls in. In fact, ERP systems are used in almost any type of organization - large or small.
In order for a software system to be considered ERP, it must provide an organization with functionality for two or more systems. While some ERP packages exist that only cover two functions for an organization (QuickBooks: payroll & accounting), most ERP systems cover several functions.
Today's ERP systems can cover a wide range of functions and integrate them into one unified database. For instance, functions such as Human Resources, Supply Chain Management, Customer Relations Management, Financials, Manufacturing functions and Warehouse Management functions were all once stand alone software applications, usually housed with their own database and network, today, they can all fit under one umbrella - the ERP system.

Help for ERP

Help for ERP