Managment Information Sysetm And ERP System Implemenation Term Paper

Managment Information Sysetm And ERP System Implemenation Term Paper Managment Information Sysetm And ERP System Implemenation â€" Term Paper Example > IntroductionThere is a drastic change in the market situation for the industries with the advent of globalization. Industries are restructuring their business activities by entering into joint ventures with other organizations of their industry. Advanced technologies are helpful to the managers in encountering the major business challenges of the global economy. The task of managing the enterprise is better for the managers with the availability of information on sales, inventories and other data. An academic discipline that covers the application of information systems to solve the business problems is Management Information System or MIS. The information system is the collection of the activities of the people, application of technologies and procedures. Management information systems analyse the information systems applied to the other operational activities of the organization (O’Brien. J, 1999). Enterprise Resource Planning or ERP integrates all the data and the processes o f an organization by using the multiple components of the computer software and hardware. The difference between ERP and MIS exists in that; the ERP incorporates the elements that may not necessarily focus on decision support. Oil fields Technical Services or OTC Company of the Government of Dubai provides onshore facilities and logistical support to oil field operators and power generation sector of United Arab Emirates, Middle East and Asia-pacific. For its international perspective, the company needs to restructure the business activities by developing larger human capital and acquire the latest technologies. The technologies like the automated operational systems and customer relationship management will support the entire operations of the company. The present study analyses the business challenges, the ERP project plan, methodology of the implementing the ERP for the global positioning of the company successfully. Overview of the company: Established in 1950’s by the Govern ment of Dubai, the Oil fields Technical Services or OTC Company provides its services to the oil field operators and power generation sectors. The company started restructuring its business activities by forming joint ventures with the eminent organizations of the industry. To reposition itself in the international market, the company needs to adopt latest technologies and develop a large human capital. Business challenge statementQuality of the service and the satisfaction to the customer are the key points to maintain and achieve leadership in the market for a service industry like OTC that provides services to the oil field operators and power generation sectors. The desire of the company is improve the supply chain that focuses on decision-making and policy development, time compression, demand amplification, integration and design of the supply chain, and the management of the international supply chain. The multiple supply chain and transportation challenges include e-commer ce, accelerating the deadlines to shipping, delivery in a cost effective way, optimizing ware house and distribution operations, manual and automated material handling, and sortation. The oil field industry is labor intensive and the profitability of the company depends on the technical expertise and the effieciency of operations. To assess the existing condition of the wells, to montior and control the flow of product from the wells that produce the product, and to monitor the drilling process, the companies exploit the computer technology and sophisticated sensors. In addition to enhancing the financial performance through improving the customer service, effieciency of operations, reliablility and productivity the company needs to address the regulatory compliance. Technology like the management information systems plays an important role for business strategies. The decision makers of the company need a meaningful and timely information. The integration of the information syste m is the requirement for the growth and positioning at a global level. The major challenge for the company is its struggle to achieve sustainable information management. The interconnection of the business continuity, net work, communication and bandwidth requirements in the dispersed physical locations is a challenge. Outsourcers of the oilfield service industry are responding to the developments in the digital oil field that helps to transform the industry. The important challenge for the company lies in applying the technologies of the management information systems. Through this applications there is a very good scope of achieving a greatest business value in the digital oil field enviroment. The successful application of the information systems provides packaged solutions, applications and business processes within the architechture of flexible nature.