IDSC 3001 - Lecture #3

What is an Enterprise Application?

• Software system/platform designed to operate in a corporate environment such as business or government

Enterprise Applications check these five boxes:

• Complex

• Scalable

• Component-based

• Distributed

• Mission Critical

Enterprise Resource Planning

• Software used to collect, store, mange, and interpret data from multiple business activities

• Shared database

• Eliminates data duplication and provides data integrity with a single of truth

Key Features of an ERP

• Enterprise-wide integration

• Real time operations

• Common database

• Consistent look and feel

• Extremely difficult to deploy

Common ERP Processes:

• Procure to Pay

• Plan to Produce

• Field to Fork

• Hire to Retire

• Order to Cash

ERP Platforms by Market Share

1. SAP

2. Oracle

3. Intuit

4. Microsoft

5. Constellation

Value of an ERP

1. Global and real-time view of data

2. Automated business processes

3. Improves financial compliances with regulatory standards

4. One customer source for billing and relationship tracking

5. Shared data architecture

Five Signs of ERP Readiness

1. Different software for different processes

2. No easy access to information about the business

3. Account processing takes time and is difficult (loss revenue)

4. Sales and customer experience is suffering

5. IT is too complex and time-consuming

Implementing ERPs

1. ERPs are built on predefined processes a.k.a best practices

2. Best practices and procedures from vendor's point of view

3. Software may not support all business functions

4. Risk using one vender a.k.a vendor lock-in

5. Vendors continually update software and companies need to stay current for support

6. Enterprise architecture for an ERP

7. Vendor/Partner selection

8. Business processes & Organizational Change Management

9. Modification or customization of software code

10. Integrations

What is Supply Chain Management Software?

Single system to manage the flow of goods and services

Process includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to consumption

SCM & ERP Interrelated

• SCM & ERP software and processes are interrelated

  • Many SCM applications are reliant upon information in an ERP

  • ERP integrates all information, and SCM benefit from having a single source for up-to-date information

  • Most CIOs who have tried to install SCM applications say that needed an ERP first

  • "ERP puts your information house in order first"

Digital Twin

• Digital twin creates a virtual representation of a physical object, system, or process and is continuously updated with real-world data

• Digital twin bridges physical and digital worlds through data

Digital Twin Key Capabilities

1. Realtime monitoring & visualization

2. Simulation & scenario testing

3. Predictive analytics & forecasting

4. Optimization & decision support

5. Integration across the lifecycle

6. Experimentation

Key Elements of Blockchain

1. Distributed

   1. With shared ledger maintained by network participants and new transactions added to all copies of the ledger

2. Transparent

   1. Public ledger allows anyone to track all transaction information

3. Decentralized

   1. Anyone can view transactions in real-time using a personal node or blockchain

4. Undisputed

   1. No participant can change or tamper with a transaction after it's been recorded to ledger

5. Validated

   1. Algorithm that acts as a consensus mechanism in decentralized network of peers