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MNP3702 ASSIGNMENT 2 SEMESTER 1 2024
- Institution
- University Of South Africa (Unisa)
MNP3702 ASSIGNMENT 2 SEMESTER 1 2024
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By: tatendamuzavazi • 8 months ago
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By: tatendamuzavazi • 8 months ago
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muzavazi47@gmail.com MNP3702 ASS 2 2024 0717513144DISCLAIMER
The MNP3702 ASSIGNMENT 2 2024 SEMESTER 1 GUIDE IS A PRODUCT OF
INTERNAL AND EXTERNAL RESEARCH THAT INCLUDES THE STUDY GUIDE,
PRESCRIBED TEXTBOOK, AND OTHER AUTHENTIC SOURCES.
NB: Students must not copy and paste. For clarity, students are free to call on
the provided number and/ email.
, muzavazi47@gmail.com MNP3702 ASS 2 2024 0717513144
QUESTION
As an expert in the supply chain, write an essay on how Enterprise Resource
Planning Systems (ERP) can integrate inventory management systems with
internal operations with a common software platform and centralised database
system and discuss how that can improve the organizations' performance in a
developing country like South Africa
Introduction
Enterprise Resource Planning (ERP) systems play a crucial role in integrating
inventory management systems with internal operations within organizations
(Cozzolino, 2017). By providing a common software platform and centralized database
system, ERP systems offer numerous benefits that can significantly improve
organizational performance, especially in developing countries like South Africa.
Integration of Inventory Management Systems with Internal Operations
ERP systems facilitate the seamless integration of inventory management systems
with internal operations by consolidating data and processes across various
departments (Sople, 2017). This integration enables real-time visibility into inventory
levels, demand forecasting, and procurement needs, allowing for better coordination
between production, sales, and distribution functions. Additionally, ERP systems
streamline inventory tracking, order fulfillment, and warehouse management, leading
to improved accuracy, efficiency, and cost savings.
Common Software Platform and Centralized Database System
The use of a common software platform and centralized database system in ERP
allows for standardized processes and data management across the organization.
This standardization eliminates data silos and inconsistencies, enabling accurate and
timely decision-making (Venter & Botha, 2022). Furthermore, a centralized database
ensures that all departments have access to the same up-to-date information,
promoting collaboration and reducing the risk of errors associated with disparate
systems.
Improving Organizational Performance in South Africa
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