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Economics Assignment Question
The purpose of this assignment is to evaluate your ability to develop a comprehensive implementation proposal for an information system that uses a systems approach in virtual teams. The proposal should be targeted at a potential 'sponsor' organisation that will need to be convinced of the appropriateness and effectiveness of the proposed new system.
Choose an information system (e.g. ERP systems, CRM systems, SCM Systems, Management Information Systems, Decision Support Systems, Executive Information Systems, Enterprise Portals, Data Warehouse & Data Mining Applications, Enterprise Collaboration Systems, Knowledge Management Systems, and so on) that you have studied in this unit. Alternatively, you may wish to combine features of several systems.
Your assignment should describe the steps of the Systems Development Life Cycle (SDLC) discussed in Topic 4 of the subject. The proposed system must address an identifiable problem/opportunity that exists in the sponsor organisation and relate to particular aspects of the organisation's overall strategic directions. It is important that you select the features of your system carefully and justify your selection. Do not just use (be critical of the use of) the standard features of a commercially available software package. For the purposes of this assignment, try to keep the system that you are proposing to a manageable size.
Please note, you will have the option of doing Assignment 2 in a group of three or four students.Detailed information will be posted on MySCU by the end of Week 2 of Session 3, 2015.
Your proposed system could help the 'sponsor' by:
- improving an existing manual information system
- introducing a new information system
- creating a new business opportunity
- improving organisational productivity.
The sponsor could be:
- top management of your company
- an investor
- a financial institution which will lend you money
- a client who has engaged you as a consultant.
Economics Assignment Solution
To accomplish a competitive advantage in the current business, organizations must utilize the best in class technology to survive its competitors. Technology platforms like ERP (Enterprise Resource Planning) in combination with other knowledge management systems assist organizations in decreasing repetition, cost minimization, operational integration, and quality enhancements.
This report details the ERP solution proposed for Grain Corp to alleviate issues in different management systems such as finance and contract management. The proposed usage of an ERP framework along with tailored training is expected to empower management as well as employees with numerous advantages through improvement in commodity sourcing, real-time data reporting, and analytics, minimize expenses, and increasing data integrity required for a successful decision-making process.
This report also analyses the products of ERP available in the market and also the implementation plan involved.
The installation of an ERP system is one of the expensive and most critical projects undertaken by a company. The success or failure of the ERP implementation is vital to the current profits as well as the future business viability. Hence, understanding the processes and phases involved in ERP implementation is essential. This proposal gives an insight of Grain Corp's existing system and the proposed system and its benefits. Also detailed are the challenges in achieving the goal. Overall, this proposal tries to bring together the concept of technology development as competitive leverage of Grain Corp. The proposed ERP system is expected to provide monetary benefits when designed in line with Grain Corp's strategic expansion plans. This solution is expected to achieve integration in data through proper knowledge management, real-time prompt responsiveness to business changes and in turn increasing organizational performance.
Agriculture industry faces challenges in terms of commodity price volatility and the subsequent risk across its supply chain. Grain Corp is a global company offering end-to-end supply chain through the link between consumers to growers. The major commodities traded by Grain Corp are wheat, barley, and canola. It is also involved in acquiring grain from growers, marketing and grain processing across Australia, North America, and Europe. (Grain Corp, 2014) Further details of the company are provided in the Appendix.
The vision statement of Grain Corp shows its desire for business expansion across the world.
'Grow as our customers' preferred partner – driven by our passionate people and assets around the world.' (Grain Corp, 2014)
The mission statement of Grain Corp is aimed at its plan to act as a bridge between growers and consumers.
'An international leader in food ingredients and agribusiness, creating value by connecting consumers and producers' (Grain Corp, 2014)
The key objective of Grain Corp is to establish a global exporting business.
The business model of Grain Corp is based on,
'Three core grains'– Grain Corp trades in three major dry climate grains such as wheat, barley, and canola. This offers a competitive advantage to Grain Corp
(Some parts of the solution has been blurred due to privacy protection policy)