• Title/Summary/Keyword: ERP value

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A Empirical Study on Situational Factor of ERP Introduction

  • Yim, Ki-Heung;Kim, Jong-Ho;Quan, Yue-Shun
    • 한국디지털정책학회:학술대회논문집
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    • 2007.06a
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    • pp.181-188
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    • 2007
  • In today's dynamic and turbulent business environment, in order to become globally competitive, many companies are trying to get closer to the customer and deliver value added product and services in the shortest possible time which demands integral ion of business processes of an enterprise. Enterprise Resource Planning (ERP) is such a strategic tool, which helps the company to gain competitive edge by integrating all business processes and optimizing the resources available. This paper throws light on how ERP evolved, what makes up an ERP system and what it has to offer to the industries. The paper includes the role of ERP, perception of ERP value, ERP plan and direction. The author also argues checkpoints as a preview to ERP introduction.

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An Empirical Study on Situational Factor of ERP Introduction

  • Yim, Ki-Heung;Chong, Min-Yeong;Ra, Jong-Hei
    • Journal of Digital Convergence
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    • v.5 no.1
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    • pp.9-15
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    • 2007
  • In today's dynamic and turbulent business environment, in order to become globally competitive, many companies are trying to get closer to the customer and deliver value added product and services in the shortest possible time which demands integration of business processes of an enterprise, Enterprise Resource Planning (ERP) is such a strategic tool, which helps the company to gain competitive edge by integrating all business processes and optimizing the resources available. This paper throws light on how ERP evolved, what makes up an ERP system and what it has to offer to the industries. The paper includes the role of ERP, perception of ERP value, ERP plan and direction. The author also argues checkpoints as a preview to ERP introduction.

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The Impact of ERP Implementation the Announcement on the Market Value of the Firm (ERP 도입의 공시가 기업의 시장 가치에 미치는 영향)

  • Bang, Jong-Wook;Kim, Joon-S.;Lee, Moon-Bong;Kim, Sung-Hwan
    • Asia pacific journal of information systems
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    • v.12 no.1
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    • pp.87-101
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    • 2002
  • In the past few years, many Korean companies have implemented various ERP systems. Despite the enormous efforts and costs, however, there have been doubts about the effectiveness of ERP implementation. The purpose of this study is to identify whether the announcement of ERP implementation affects the market value of the firm. To achieve the research objective, event-study methodology was used assessing the cumulative abnormal returns(CARs) for 33 firms' announcements of ERP investments. Findings of the study are summarized as follows: First, the announcements of ERP implementation have no effect on the firm value though the sign is negative. Second, there is marginally significant difference in the market value of the firm between the first mover of ERP implementation and its followers. In order to figure out any possible reasons of such unexpected results, several investors and fund managers of major investment firms were interviewed. They reached the two agreements that ERP hardly increases the firm value. One was mainly due to the misfit between the foreign business processes built in the ERP systems and Korean firms' traditional business processes. The other was the possibility of financial deterioration caused by substantial costs for ERP implementation.

A Case of Value creation by Post-ERP Innovation in V Company (V사의 Post-ERP 혁신활동을 통한 가치창출 사례)

  • Hahm, Yong-Seok;Choi, Jeong-Wook
    • 한국IT서비스학회:학술대회논문집
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    • 2002.11a
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    • pp.245-251
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    • 2002
  • 우리나라에서 ERP를 도입한 기업들이 대부분 ERP 구축 이후에 진정한 효과를 보지 못하고 투자에 대한 의구심을 가지고 있는 경우가 많다. 본 연구에서는 ERP 구축 후 5개 메가 프로세스별로 과제를 선정하고 KPI를 정립한 후 지속적인 Post-ERP 혁신 활동을 통해 실질적인 수익을 창출한 Global 회사인 V사 사례를 연구하였다. 본 사례는 우리나라의 ERP구축 기업들이 단순 구축으로 끝나는 것이 아니라 Post-ERP 활동을 지속적으로 하는 것이 수익창출에 매우 유용하다는 사실을 밝혀냄으로써 한국기업의 ERP구축의 성공적인 모습을 제시하려고 한다.

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Research on cost control and scheduling using EVM(Earned Value Management) of ERP(Enterprise Resource Planning) Project (ERP 프로젝트에서 EVM을 활용한 일정 및 원가통제에 관한 연구)

  • Park, Soon-Bong;Lee, Seouk-Joo;In, Hoh
    • Proceedings of the Korea Information Processing Society Conference
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    • 2012.04a
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    • pp.1147-1150
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    • 2012
  • Earned value management(EVM)는 프로젝트 진행 상태를 파악하기 위해 주로 비용과 일정 편차, 성과지표를 통합하여 분석하는 것으로 비용/원가 관리를 위해 발전되어 사용되어 왔다. ERP 프로젝트는 국내 솔루션 시장의 가장 높은 점유율을 차지하고 있지만, 수행에 대한 성과평가 및 일정예측 가능한 신뢰성 있는 Tool 은 알려지지 않고 있다. 본 연구에서는 ERP 프로젝트의 EVM 성과지표를 분석을 통해 ERP 프로젝트가 원가측면의 계획대비 수행 적합성이 높으며, 국내 ERP 프로젝트는 분석단계에서 일정 지연이 발생한다는 것을 발견하였다 향후 본 연구를 통해 EVM 성과 지표를 이용한 현재 시점의 프로젝트 상태를 점검하며, 향후 일정과 원가를 예측하여 성공적인 ERP 프로젝트 수행에 도움이 되고자 한다.

Strategic Approaches of IT Governance for University ERP System (대학ERP시스템을 위한 IT거버넌스 도입전략)

  • Kwon, Ho-Yeol
    • Journal of Industrial Technology
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    • v.28 no.A
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    • pp.191-194
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    • 2008
  • IT governance becomes one of hot issues in corporate information system including university ERP. IT governance provides IT value and mitigates IT-related risks such that the organization takes new business chances and grows in the future. In this study, we briefly introduced IT governance and university ERP in the viewpoint of alignment to the business goal of the organization. And then, we proposed an strategic approach of IT governance for university ERP system with new performance evaluation items from IT-BSC. Finally, we pointed out some related research topics as further studies.

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An Empirical Study on the Factors Influencing User Resistance to ERP : Focused on the Vietnam Users (ERP에 대한 사용자 저항의 영향 요인에 관한 실증적 연구 : 베트남 사용자를 중심으로)

  • Kim, Hongkeun;Hwang, K.T.
    • Journal of Information Technology Applications and Management
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    • v.22 no.4
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    • pp.127-158
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    • 2015
  • This study analyzes the factors affecting user resistance to ERP in Vietnam, including the factors related to the cultural values of the users, which is rarely dealt in the previous ERP research. A research model is developed based on Klaus and Blanton [2010] and Hofstede [2011], consisting of the independent variables ('cultural value', 'system', 'organization', and 'process' related variables), a dependent variable ('user resistance to ERP') and a moderating variable ('self efficacy'). Major results of study include (1) users with high degree of uncertainty avoidance and femininity regard ERP as potential threat to their job and are likely to resist to ERP; (2) By training the users with high level of femininity to enhance their self efficacy, the degree of resistance to ERP can be reduced; (3) For ERP to be utilized successfully, systems should be developed in such a way in which working with ERP is not regarded as complex and difficult; and (4) communication and training play an important role in reducing the resistance of users.

The Effect of Exogenous Risks Upon the Choice of Real Options in ERP Projects in Korea: An Empirical Approach (ERP 프로젝트의 외생위험이 실물옵션 선택에 미치는 영향에 대한 실증 연구: 국내 ERP 프로젝트를 중심으로)

  • Nam, Seunghyeon;Kim, Taeha;Yang, Heedong
    • The Journal of Information Systems
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    • v.22 no.3
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    • pp.43-58
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    • 2013
  • This work investigates factors that may affect the choice of real options by ERP project managers. Financial theory suggest that these factors include risk-free interest rate, time to maturity, volatility of net present value, and options exercise price. Other than these factors, we are interested in the exogenous risks related to external uncertainties about technological cost, user learning and consulting, and so forth and we argue these risks should have a significant impact upon the volatility of net present value. To validate these factors empirically, we collected survey questionnaires from ERP project managers in Korea. We find that perceived exogenous risks with regard to ERP projects influence volatility and additionally find that ERP project managers prefer contract options of the project when the volatility of the project is expected to be high. We expect that this work will not only validate theoretical propositions but help project managers consider ERP options strategically based on these factors.

ERP Implementation of Small and Medium Business: Lessons from Secui.com (중소기업의 ERP 시스템 구축 : 시큐아이닷컴 사례)

  • Whang, Jae-Hoon;Kim, Jong-Sun
    • Journal of Korea Society of Industrial Information Systems
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    • v.11 no.5
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    • pp.198-206
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    • 2006
  • It is a time honored value proposition that in rapidly changing business environment, only proactive and active companies will survive. Enterprise resource planning(ERP) system has been a competitive necessity. However, small and medium companies in Korea still need practical guidelines regarding on successful ERP implementation, especially in process issue identification and business goal setting. This case study investigates how Secui.com as an information security company founded in 2000 implemented an ERP system from the strategic perspective. Also it proposes the guidelines of how to establish an information system infrastructure and realize the benefits of IS-based management by ERP implementation.

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A Study on Earned Value Management System (EVMS) For Project Using ERP System (ERP 시스템을 이용한 프로젝트 EVMS에 관한 연구)

  • Park, Je-Won;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.12 no.4
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    • pp.145-151
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    • 2010
  • It seems that a primary concern of the project-based company, which provides a large scale product or service over long term period, is to run a successful project through systematic project process control and control costs. One of the typical project control methods is Earned Value Management System(EVMS) which analyses the precess through performance measurement. Even though the EVMS is a highly efficient tool in the managerial aspect, it cannot easily determine the Planned Value(PV), Actual Cost(AC), or Earned Value(EV) due to the indistinct criteria and extensive data. The accurate calculation of AC in particular, is the basic of project management, but most companies record direct personnel expenses or direct expenses only. Since they calculate indirect expenses based on the estimated ratio, it limits the systematic project management that reflects changes in profit and loss of a company. This study introduces a EVMS for project management and its actual case based on EVMS and ERP system which some additional modules are installed for performance measurement. It is expected that this new method enables a company to save time and effort, and also to improve transparency by specifying expense items in detail and to switch quarterly settlement to monthly by reducing the time of calculation.