Enterprise Resource Planning
Enterprise resource planning is a collection of tools and programs that businesses employ to run their daily operations. To strengthen the effectiveness of their operations, middle-sized corporate enterprises have been more in need of ERP systems. This study aims to identify the many ERP options provided by Oracle, a provider of business support software. The cost of using Oracle ERP systems for middle-sized businesses has also been established in this research. Additionally, technical factors like employee training—which is essential to the adoption of Oracle ERP systems in a middle-sized business—have also been covered. The study found out that the division of ERP packages offered by Oracle software organization has made it easy for the middle-sized organizations to leverage enterprise resource planning technology because this has made individual ERP deliverables affordable to the organizations since they do not have to acquire the comprehensive ERP packages.
Key words: enterprise resource planning, system, software, cloud, data center, middle-size business.
ERP Research Report for Mid-Size Businesses
Enterprise resource planning systems provide organizations with a resource planning advantage which significantly improves the operations of an organization. Oracle ERP systems offer cloud-based enterprise resource planning software that can help middle-sized organizations to improve their ability to manage their resources as well as the coordination of different organization processes (Abbaraju, Crum & Egger, 2002).
Oracle ERP Systems
Oracle ERP models are cloud based and offer complete suites of affordable enterprise resource planning. Oracle ERP systems are both cloud services and on-premise support services. Oracle ERP system is engineered to provide organizations with better performing, quality, and simple, affordable systems. For instance, the MiniCluster S7-2 is an engineered Oracle ERP system that hosts the ERP models. Oracle ERP servers are designed to run virtually, the SPARC, X86 and Netra servers are mainly used to run ERP applications and middleware. Finally, Oracle uses a complete cloud platform, Oracle Solaris and Oracle Linux system that provides high performance and reliability (Abbaraju, Crum & Egger, 2002).
Oracle Key ERP Models
Oracle Fusion Applications
This refers to an altogether suite of Oracle applications that are created for comprehensive business activities such as enterprise resource planning. The middle size business organizations are at liberty to choose one or more of the modules available to run them in their data centers or a cloud environment (Abbaraju, Crum & Egger, 2002).
Oracle E-Business Suite
This system is the most comprehensive enterprise software system that is part of Oracle's unlimited strategy which aims at facilitating the use of their enterprise systems by small, medium and large size organizations. The Oracle E-Business Suite has the ability for continued upgrading and development which protects and extends the ability of the middle size businesses to protect their investment value and eliminates the need for further purchase as the business grows. The Oracle E-Business Suite provides both single and global information basis. Regarding financial management, the Oracle E-Business Suite enables sharing of productivity tools, services and integration of the organization performance management which can improve organization enterprise resource planning (Abbaraju, Crum& Egger, 2002).
Oracle's PeopleSoft Enterprise Applications
The PeopleSoft 9.2 version is the latest PeopleSoft Application that can revolutionize the middle size business processes. This system is highly automated that enables an organization to coordinate different projects and departments to establish proper operational processes across all business operations. The PeopleSoft Enterprise Services Automation applications used in this system creates a single and accurate view of all project and enterprise resources (Dillon et al., 2009).
ERP Description
Human Capital Management
Oracle ERP system has this important ERP that seeks to improve human capital management for better human resources functionality. The human capital management ERP in Oracle ERP systems helps business organizations to increase their productivity and also lower the cost of operations. This particular ERP function helps organizations to monitor employees and also manage new talents (Dillon et al., 2009).
Financial Management
Financial management is part of the comprehensive package offered by Oracle ERP system with the aim of helping business organizations to meet their financial and statutory requirements. Oracle ERP systems provide financial control and reporting, financial position analyzer and governance, risk and compliance reports. Oracle ERP systems deliver important information that improves financial visibility and management (Dillon et al., 2009).
Supplier Relationship Management
This ERP in Oracle ERP models is aimed at reducing the costs of supply management and optimizing procurement to pay for the organization's processes, as well as for organization policy compliance.
Enterprise Service Automation
This enterprise resource planning element in Oracle ERP system makes it possible for an organization to coordinate different organization functions especially projects to provide a single and more accurate view of the project related activities (Dillon et al., 2009).
Supply Chain Management
Oracle ERP models provide a cohesive and flexible solution to promote the synchronization of the supply chain. This system improves efficiencies and saves costs in the running the supply chain (Dillon et al., 2009).
Pricing
The Oracle ERP package costs have been divided into different packages from a former comprehensive package which increases the ability of middle-sized organizations to use Oracle ERP software.
Oracle Technical and Functional Data
Oracle provides technical and operational assistance as well as 24/7 customer support to organizations that are using its ERP software. This is an important approach to improve the efficiency of these systems especially in middle-sized organizations (Abbaraju, Crum & Egger, 2002).
Reflection
Using Oracle ERP software can improve the ability of middle-size organizations to improve their operations and outcomes through better and on-time resource management. Enterprise resources planning software improves an organization's insight and also lowers operating costs for the middle-size organizations, which make it possible for the organizations to acquire a competitive advantage and grow further. For the middle-size organizations, I would advise them to acquire the Oracle E-Business Suite, which runs on Oracle systems, and it can deliver greater ERP business value. The Oracle E-Business Suite leverages engineered systems to fit the organization specifications making it more manageable. Further, it is important to use the cloud-based Oracle's E-Business Suite instead of an organization's data center due to the improved storage, access convenience, and security of the cloud-based ERP Oracle's E-Business Suite. Finally, another advantage of using the E-Business Suite ERP solution from Oracle organization is because of the package pricing, which is divided into different packages.
References
Abbaraju, S., Crum, J., & Egger, R. (2002). Using Oracle lli. Indianapolis, Ind: Que.
OTM Confederated International Workshops, Meersman, R., Herrero, P., & Dillon, T. S. (2009). On the Move to Meaningful Internet Systems: OTM 2009 Workshops: Confederated International Workshops and Posters, ADI, CAMS, EI2N, ISDE, IWSSA, MONET, OnToContent, ODIS, ORM, OTM Academy, SWWS, SEMELS, Beyond SAWSD, COMBEK 2009, Vilamoura, Portugal, November 1-6, 2009: proceedings. Berlin: Springer.
