Tag Archives: Enterprise Resource Planning

Enterprise Resource Planning Application in Materials Management: A Study on How Cocoa Beverage Companies Select Optimal Supplier in Columbia (Published)

Many CBPCs have seen the massive advantages of implementing ERP packages to facilitate the processing of their numerous functional reporting.  However, the software market is proliferated with ERP packages which have made the optimal supplier selection very difficult, leading to implementation perils on the part of CBPCs. The objective of this study is to understand how CBPCs in Columbia select their ERP for implementation to support their material management processing needs in particular. The study adopted Multi-attribute Utility Theory (MAUT) to determine which expert attributes of a given ERP package supplier should be considered in ranking to select optimally the best supplier in the software market to ensure successful implementation. Structured questionnaires in the area of Payment Options, Vendor reputation, Software Upgrade/maintenance, Functionality, Easy Customisation and Implementation in the proposed model were sent to expert staffs in CBPCs in Columbia. They were asked to assign numbers from equally preferred to extremely important in preference weight to these variables when they were implementing their ERP package.    The results revealed that Vendor Reputation is ranked high with a score of 0.65, followed by Payment Options with 0.64. Software Upgrade followed by 0.55 with Functionality with a score of 0.40, Easy Customisation had a score of 0.35 and implementation with a score of 0.30.  Different results may be obtained when expert assessment points are different to suit a company’s specific processing needs outside of Columbia.

Keywords: Cocoa Beverage Producing Company’s, Enterprise Resource Planning, Multi-attribute Utility Theory, Payment Options, Vendor Reputation, functionality

Enterprise Resource Planning Application in Materials Management: A Study on how Cocoa Beverage Companies Select Optimal Supplier in Colombia (Published)

Many CBPCs have seen the massive advantages of implementing ERP packages to facilitate the processing of their numerous functional reporting.  However, the software market is proliferated with ERP packages which have made the optimal supplier selection very difficult, leading to implementation perils on the part of CBPCs. The objective of this study is to understand how CBPCs in Colombia select their ERP for implementation to support their material management processing needs in particular. The study adopted Multi-attribute Utility Theory (MAUT) to determine which expert attributes of a given ERP package supplier should be considered in ranking to select optimally the best supplier in the software market to ensure successful implementation. Structured questionnaires in the area of Payment Options, Vendor reputation, Software Upgrade/maintenance, Functionality, Easy Customisation and Implementation in the proposed model were sent to expert staffs in CBPCs in Colombia. They were asked to assign numbers from equally preferred to extremely important in preference weight to these variables when they were implementing their ERP package.    The results revealed that Vendor Reputation is ranked high with a score of 0.65, followed by Payment Options with 0.64. Software Upgrade followed by 0.55 with Functionality with a score of 0.40, Easy Customisation had a score of 0.35 and implementation with a score of 0.30.  Different results may be obtained when expert assessment points are different to suit a company’s specific processing needs outside of Colombia.

Keywords: Cocoa Beverage Producing Company’s, Enterprise Resource Planning, Multi-attribute Utility Theory, Payment Options, Vendor Reputation, functionality

Improving Accounting Information Systems to Facilitate Supply Chain Management (Published)

Supply chain management is among the most critical factors necessary for creating a competitive advantage for a company. In the current competitive market environment, firms strive to respond as well as offer its customers services faster. The information technology market is huge and is fast growing. Particularly, cloud computing is currently shaping the way various activities such as accounting, finance, and supply chain management are organized in the organization. Accounting information systems (AIS), being part of the management information systems, represents one of the most significant systems in the economic unit and it varies across different organizations depending on their application and the importance attached to them. Several organizations integrate and automate their business operations through the use of AIS. AIS is a computer-based system that increases the control as well as enhances the coordination of the operations of the organization. Some of the primary functions performed by AIS are data maintenance, data collection, data security, knowledge management, and information generation. Good AIS seeks to take advantage of surrounding circumstances to improve the quantity and quality of the information so as to enhance the users’ delivery mechanism hence providing different users with diverse types of important information to meet their demands. This paper examines how the integration of AIS assists in improving the company’s supply chain management in the Bahraini retail market. This research study found out that AIS increases the efficiency of information sharing between various parties such as the suppliers and other stakeholders thereby streamlining supply chain management in retail firms in Bahrain.

Keywords: Accounting Information Systems, Bahrain, Enterprise Resource Planning, Supply Chain