Skip to main content

Featured

The use of Artificial Intelligence in Business

  For entrepreneurs, artificial intelligence is now a crucial growth strategy. Nearly 90 percent of businesses think AI will give them or help them maintain a competitive advantage. AI for businesses refers to incorporating AI into a company's overall plan, primarily for activities that call for a certain degree of human intellect. Types of AI ·        Artificial general intelligence                              ·         Generative AI models ·        Machine learning algorithms ·         Natural language processing                       What AI can do for your business ·        Natural language processing is an AI that enables computers to comprehend, generate, and manipulate huma...

Companies that used Enterprise Applications successfully

Welcome back!

Today we are talking about implementing ERP systems successfully.

An Enterprise Resource planning (ERP) system is a type of software that collects data from many divisions of a company and uses the data to help the company manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

   

                                  

       Amazon

Amazon is a multinational technology corporation that specializes mainly in e-commerce but also other in industries such as digital streaming, cloud computing, and artificial intelligence. Amazon uses a customer centric approach strategy to be market leaders in the e-commerce industry, they really emphasize on creating great customer experience and satisfaction.

Amazon uses an ERP software called System Analysis and Program Development (SAP).

Amazon began implementing SAP as their ERP solution in 2008 due to the reason that the system they were using previously was not able to help them reach their long-term goals. They implemented softwares such as SAP Basis/ NetWeaver Administration, SAP Business Suite, SAP HANA, and SAP mobility.

SAP has helped them manage their:

·       Sales

·       Financial accounting

·       Human resources

·       Logistics

·       Inventory management

·       Order management

·       Invoice verification

   

         Walmart

Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores in the United States. Their main focus is on providing low prices for products and services.

Walmart uses many ERP systems but in 2018 they went into a partnership with Microsoft to build a digital transformation through Microsoft Azure. Microsoft Azure which is a platform for several ERP systems.

They use the Microsoft ERP to help deal with cloud-based enterprise management to control resources, monitor warehousing capacity, and integrate with existing software tools. The ERP systems also provides them with:

·       Integration with developing blockchain based solutions

·       Use of Artificial intelligence to manage supplier relationships

Walmart have gained a competitive edge in technology due to its ERP system, which helped improved their supply chain management efficiency while also strengthening integration and collaboration with suppliers and also improving worldwide company management efficiency.

  

       Starbucks 

Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves. Starbucks strategy is centered around providing a high-end experience for their customers, emphasizing high-quality products and a welcoming atmosphere of third place, a place away from home and work. 

Starbuck uses Oracle ERP which is a cloud-based software system that automates back-office tasks and day-to-day business operations. 

They use Oracle E-Business suite which supports operations such as Customer Relationship Management (CRM) and Supply Chain Management (SCM). It also helps display revenue analytics and provides quick access to information such as:

·       Expenses

·       Revenue

·       Data on sales





 

e



Comments

Post a Comment