Cover image for Maximizing Return on Investment Using ERP Applications.
Maximizing Return on Investment Using ERP Applications.
Title:
Maximizing Return on Investment Using ERP Applications.
Author:
Worster, Arthur J.
ISBN:
9781118466995
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (242 pages)
Series:
Wiley Corporate F&a Ser. ; v.628

Wiley Corporate F&a Ser.
Contents:
Maximizing Return on Investment Using ERP Applications -- Copyright -- Contents -- Preface -- My Own Journey -- The Early Years (1963-1973) -- Foundations (1973-1988) -- Manufacturing Operations Optimization (1989-1991) -- Business Support Optimization (1991-1994) -- Business Process Reengineering and SAP -- This Book -- Note -- Acknowledgments -- Introduction -- Action -- Thinking -- Context -- Part I: A Leadership Perspective -- Chapter 1: The Law of Unintended Consequences -- Introduction -- What Is the Law of Unintended Consequences? -- Management Systems -- Example 1: Services Industry -- Example 2: Manufacturing and Distribution -- The Challenge -- Summary -- Notes -- Chapter 2: Leadership and Change in an Integrated Business World -- Introduction -- The Universe Outside, the Universe Within -- The Journey -- The Evolution of Integrated Programs for Continuous Improvement -- A Deeper Look into Integration -- MRP II Comes to the Mainstream -- The Move to IT-Related Applications Solutions -- Leaders and the Leadership Gap -- Vision -- What Does a Leader Do? -- Align Employees to the Vision -- Summary -- Notes -- Chapter 3: A Historical Business Perspective of ERP -- Introduction -- Legacy Systems (1960-1970/1990) -- It's All about the Back Office: Getting a Single Version of the Truth (1970-1990) -- Improving the Business (1990-2000) -- The Business Suite: Enriching the Functionality (1996-2005) -- Getting Information and Analysis out of the Data Ocean (1997-2007) -- Corporate Reporting and Dashboards (2007-Today) -- The Era of Governance: Implications for the Future -- Summary -- Notes -- Part II: Contextual Analysis -- Chapter 4: Return on Investment-Developing the Business Case -- Introduction -- Example 1: Cost Reduction -- Example 2: Greater Manufacturing Capacity Leading to Increased Sales -- Providing Business Value to an Enterprise.

Identify Improvement Opportunities -- Identify Current Return on Investment Projects/Programs -- Identify Ownership Issues -- Identify Probable Causes -- Design New Business Processes -- Identify Areas of Conflict between Functional Areas -- Build a Believable Return on Investment Case -- Establish a Governance Process at the Executive Level -- Summary -- Note -- Chapter 5: Business Process Analysis -- Introduction -- Where Are We Headed? -- Business Process Design -- Process Understanding Reveals Complexity -- Business Process Management -- Skills to Include -- Business Knowledge -- IT Applications Process Knowledge -- Native Business Processes in the ERP Application -- Training in Process Thinking -- A Plan for Action -- Summary -- Notes -- Chapter 6: Business Culture, Politics, and Organization -- Introduction -- Cultural Barriers and Enablers -- Keys to Understanding Culture, Politics, and Organization -- Executive Barriers -- Destructive Incentives -- Origins of the Current Design -- I Am What I Lead -- Levels of Empowerment -- Mean Time to Change One's Mind -- Compiling Insights Gained -- Relating These Insights to the Project Itself -- Summary -- Notes -- Chapter 7: IT Strategy Review -- Introduction -- An Example of a Flawed IT Strategy -- What the Introduction of ERP Meant -- A Better Way -- Stop Viewing ERP as Purely a Cost Center, Rather Than an Asset -- View SAP as a Tool That Is Expected to Produce Continuous Business Benefits-ROI -- Eliminate the "Cool Tools" Approach to Technology Tools -- Flatten the Investment Curve -- Empowering the Future by Optimizing the Past -- Summary -- Note -- Chapter 8: Workforce Education and Readiness -- Introduction -- The Workforce as a Learning Organization -- Workforce Education -- Transactional Training -- Functional or Technical Training -- Business Education in an Integrated Business World.

Summary -- Part III: A New Program Governance Approach -- Chapter 9: Integration of Organizational Needs -- Introduction -- Approach to the Analysis Process -- Consolidation -- Summary -- Chapter 10: Developing a Governance Process -- Introduction -- Leadership Challenges -- Program Governance Process -- Executive Steering Committee -- Program Governance Office -- Project Management Office -- Continuous Improvement Programs -- Five Business Aspects -- Upgrades -- Additions to the ERP Platform -- Collection of Work Requests -- Introduction of New Technologies -- Summary -- Chapter 11: Organizational Change Management -- Introduction -- Expanding the Role of OCM -- Organizational Change Management with Leaders -- The Trusted Adviser -- Change Management Process -- Identify Areas of Intended Change, Up and Down the Organization -- Understand the Components of the Organization That Will Have to Change -- Choose the Tools That Will Have to Be Created/Deployed to Manage These Changes -- Define the Educational Needs That Will Provide Skill Sets to Optimize Results -- Summary -- Chapter 12: Conclusions and Opportunities -- The Journey -- The Next Step -- Leadership -- The Path Forward -- The Law of Unintended Consequences -- How Insights Relates to Manufacturing -- The Story Is Economic -- Summary -- Notes -- Postscript -- Summary -- About the Authors -- About the Website -- Index.
Abstract:
Step-by-step guidance to achieving maximum return on investment for your company Written by Arthur Worster, Thomas Weirich, and Frank Andera, industry experts at the forefront of the business processes arena, Maximizing Return on Investment Using ERP Applications provides accountants, IT executives, and finance professionals with a new way of looking at enterprise resource planning (ERP)-driven business improvement programs. This timely book explores how leadership can view its organization as an integrated enterprise and what this change in perception might suggest. It considers various aspects of running a business and how a different approach may present new insight. Incorporates all aspects of gaining "Return on Investment" from ERP investments Considers change management from all angles, including working with the executive levels on defining return on investment cases, working through political and cultural issues at the executive leadership level Includes a companion website featuring exercises, reference materials, and case studies With the rapid implementation of ERP systems worldwide, business executives often have difficulty in determining the return on investment from such systems. Along with a companion website featuring exercises, reference materials, and case studies, Maximizing Return on Investment Using ERP Applications offers straightforward and hands-on guidance to lead your organization through the change process and ensure that the intended benefits can be achieved.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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