ASSIGNMENT OF ERP ON EPICOR

SUBMITTED BY: Pankaj Singh Balendu 1102102254 Batch-5

SUBMITTED BY: Prof.Mohit Aggarwal

Galgotias University Gr. Noida.

INTRODUCTION:
EPICOR: Epicor markets a wide range of enterprise software products targeted at mid-sized companies. Headquartered in Dublin, California, Epicor was founded in 1972, currently employs over 4,500 individuals, and has more than 20,000 customers in over 150 countries worldwide. Epicor provides integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), andhuman capital management (HCM) software solutions to the midmarket and divisions of Global 1000 companies.

SIGNIFICANCE: Epicor provides industry-specific business software solutions to thousands of companies around the world. The next-generation business software solutions from Epicor support manufacturers, distributors, retailers, and professional service organizations worldwide.

Capability: Manage every aspect of your business by taking advantage of powerful features and industry-specific solutions Visibility: Using a single platform, data is shared across your entire business giving you the visibility and insights you need for effective decisions

Efficiency: Streamline your many and varied business processes, reduce manual activities and re-work, and tap into real-time information.

Scalability: Provides a strong platform for growth, supporting your business as you grow all the way to the top of the midmarket and above

Confidence: Be reassured by over 40 years experience, flexible service-oriented architecture, 24/7 global support, and a large installed base.

PAST DEVELOPMENTS:

Redefining ERP Software

Epicor provides a new approach to the way enterprise resource planning (ERP) systems and business software solutions are designed, built, and used. We've redefined ERP software to maximize productivity in every area of the organization. Explore our powerful and flexible solutions to find a newfound

sense of collaboration, compatibility, and results with Epicors ERP software.

A Leader in Industry-Specific Enterprise Software

Designed for the unique needs of key industries manufacturing, distribution, retail, hospitality, and services Epicor provides endto-end, industry-leading solutions and the domain expertise you need to increase operational efficiency and drive competitive advantage. INTRODUCES LEAN SIGMA:
Lean and Six Sigma are initiatives that were born from the pursuit of operational excellence within manufacturing companies. While Lean serves to eliminate waste, Six Sigma reduces process variability in striving for perfection. And yet even though both have been around a long time, Six Sigma in particular is often under-appreciated and misunderstood, especially outside the world of manufacturing. Evidence of this was apparent when my Tweet during the recent Epicor Insights 2012 event sparked what one Epicor employee called a Twitter war. While I wouldnt go so far as to call it a war, several comments ensued that made me think my fellow enterprise application industry observers were hardly up to speed on Six Sigma. FUTURE SCOPE: 1. Sales of complimentary modules,componenents, to existing clients will increase ,since most of the companies only acquired the basic modules.

2.Companies will continue to replaced their old customized system with standard applications, and an EPICOR is a probable choice. 3.Increases competition forces companies to take better advantage of the IT support, which has been somewhat neglected in most of the companies. 4.The increasing globelisation make it difficult for the companies to have total control on their organization .The EPICOR system is the latest tool to facilitate this control. CHALLENGES : 1. ERP Implementations take longer than expected. Key Reasons: Unrealistic expectations of implementation duration Inadequate accounting for business-oriented activities Software customization and/or mismanagement of project scope. 2. Epicor projects go over budget. Key reasons: Unrealistic project plan and cost expectations

 Hidden costs associated with implementations Underestimated project complexity. 3. ERP projects fail to deliver expected business benefits Fact: Only 50% of companies who have implemented an ERP system realize at least half of the business benefits they expected

Key reasons: Failure to manage the software vendor and project scope Inadequate definition of functional requirements Misalignment of ERP business software with business processes Unrealistic ROI expectations

4.Payback period of an ERP project varies from less than one year to more than five years Fact: Most ERP projects have a payback period between one and two years; 29% of companies have not recouped the costs of their ERP projects Key reasons: Inaccurate estimates of duration and cost Unrealistic expectation of benefits and ROI

 Lack of clear project objectives Poor project design, management and governance.

REFERENCES:
1. http://www.referenceforbusiness.com/history2/16/PeopleSoftInc.html 2. Anderson, Lynn (2001). Understanding PeopleSoft8. Sybex. p. 22. ISBN 0-7821-2930-7. 3. ^ a b Kane, Margaret (2 June 2003). "PeopleSoft to buy J.D. Edwards". Retrieved 5 October 2010. 4. ^ Hines, Matt (15 December 2003). "PeopleSoft integrates J.D. Edwards software". Retrieved 5 October 2010. 5. ^ "Oracle to PeopleSoft: The pink slip's in the mail".. 14 January 2005. Retrieved 3 August 2012. 6. - Panorama-Consulting.com