Enterprise Resource Planning- Way to go!
“The use of a unified database to store data for various system modules has been recognized as a key ingredient of most Enterprise Resource Planning.”
This was the statement of Mr Austine Aghedo, the Guest Speaker at the Town and Gown seminar organized by the Department of Computer and Information Sciences, titled ‘Information Management: The Relevance of Enterprise Resource Planning’, on February 27, 2015.
He defined Enterprise Resource Planning as an enterprise-wide information system that facilitates the flow of information and coordinates all resources and activities within the organization.
Speaking on the benefits of Enterprise Resource Planning implementation, Mr Aghedo said, “Benefits are mostly in terms of cost containment rather than revenue increase. Also, studies found that much of the Enterprise Resource Planning value chain have indirect, non-quantifiable benefits.”
He noted that for an Enterprise Resource Planning to be effectively implemented, the organization must be prepared for the change, and the executive leaders must be active and visible in their support.
Major reasons for adopting Enterprise Resource Planning, according to him, are based on the ability to: integrate financial information; integrate customer order information; standardize and speed up operations processes; reduce inventory, common database and common definitions; update one module which automatically update others; and specify the way of doing business.
Mr Aghedo also highlighted factors limiting Enterprise Resource Planning, such as high cost of acquisition, forced change of processes, very complex software, lack of trained people, flexibility of software system upgrade, unavailability of internal technical knowledge and resources, lack of education and proper training, as well as implementation of strategy and execution.
He further stated that in the selection of a vendor for the Resource Planning, it is essential that the following qualities are considered: technical expertise, domain knowledge, adequate man power, project management skills, and the largeness of existence in the field.
In his remarks, the Dean, College of Science and Technology, Professor Shalom Chinedu, stated that the University has been passionately driving the issue of interaction with the industry. He added that failure to achieve this will limit the students to the theoretical aspect of learning in the school and not expose them to a wider knowledge of the outside world.
“The main idea is to enlighten the students before they graduate, which will further enhance their practical knowledge,” he emphasized.
Also present at the seminar were the Head of Department, Computer and Information Sciences, Dr Adebiyi Ayodele as well as other faculty, staff and students of the department.