Analysis of Videos on Business - Paper Example

2021-07-26 21:34:37
5 pages
1258 words
University/College: 
Boston College
Type of paper: 
Essay
This essay has been submitted by a student. This is not an example of the work written by our professional essay writers.

As a business grows, it becomes difficult to interpret and manage business operations. A solution is to build a common database that keeps everyones information centralized. ERP and SAP are some of the software that can access the information stored in the database and manipulate them to perform a specific task CITATION Kas09 \l 1033 (.S). Hosting the data to a service provider guarantee it security, it is easier and cheaper.

Summery video 2

SAP Business One allows access to up-to-date reports, drill down to see detailed inventory and customer data, and manage information in a format you want. It enables gain instant access to complete business information, make fast and accurate decisions, and take actions that lead to results. Drag and relates features enables one to manipulate data with no programming or technical skills needed. This makes the analysis of data easier.

Summery video 3

Sap Business By design enables view financial performance by multiple dimensions and time periods, analyze real-time information through in-memory analytics, and drill down to pinpoint issues at the detail level which helps employees at all levels make better decisions to make the company a best-run business. It is an integrated solution that is delivered on demand through a single interface and supports core business processes including finance for small and midsized businesses. In-memory analytics is a key feature in Sap Business By design which stores critical data in main memory where it is continually refreshed.

Major point - video 1

Build a common database: A database stores business information in an organized manner such that it can be accessed, managed and updated easily CITATION See09 \l 1033 (.K). Using database increases the efficiency of the business operation and reduces overall cost by providing a highly efficient method for handling multiple data types.

Implement systems and software: systems and software are set of instructions used by business users to perform various business functions. Software systems such as ERP and SAP are used to optimize business processes such as business analytics, planning, and reporting, financial, management, and accounting, CRM, supply chain, human resources, project management, purchasing among others.

Hosting and maintain: Managed hosting is an IT provisioning model in which a service provider leases dedicated servers and associated hardware to a single client CITATION Hub16 \l 1033 (.s). SAP hosts and maintains ERP application which is easier, cheaper and more secure.

Major point - video 2

Access Up-To-Date Reports: SAP Business One tracks information about sales, customers, operations, and financials from a single location. It enables access to the accurate, up-to-date information needed to make the right business decisions.

View Inventory and Customer Data: SAP Business One allows drill down from any report to get the full details behind it, for example starting from an inventory report, you can determine the exact stock level of a specific item then drill down to find out which customers purchased the product in the past six months. Instant, secure access to all data over a standard web browser any time anywhere gives 360-degrees view of the business allowing to make faster, smarter decisions that lead to results.

Manage Information in the Format You Want: SAP Business One makes it easy to work on business information in a variety of formats with no need of programming or technical know-how. It has drag and relates features which are the interactive tool that uses predefined queries to generate reports and hence allowing instant access to detailed information.

Major point - video 3

Sap Business By design: Sap Business By design is an integrated solution that is delivered on demand through a single interface and supports core business processes including finance for small and midsized businesses.

View financial performance by multiple dimensions and time periods: financial performance can be accessed from a pre-configured graphical report, the view can be changed into tabular form, and the same report can be created in Microsoft excel.

Analyze real-time information through in-memory analytics: In-memory analytics feature stores critical data in main memory while it is continually refreshed. There is no wait for queries to update stale information, up-to-the-minute information is readily available, the data in main memory refreshes the excel sheet, and a new report is rendered.

Drill down to pin point issues at the detail level: isolated view of the same analytical graph can be accessed hence displaying more details. Using a search filed in the report menu, the report of interest can be easily accessed.

How organizations would benefit from the application

ERP and SAP are enterprise software solutions that can be used to access the information stored in the database and manipulate them to perform a specific task. The automated software system, will make information analysis easier and hence simplify the process of making decisions within the organization resulting in improved productivity. SAP leases dedicated servers and associated hardware to clients making the maintenance of ERP software solution easier, cheaper and more secure.

SAP Business One allows access to up-to-date reports, drill down to see detailed inventory and customer data, and manage information in the desired business format. The SAP software solution enables gain instant access to complete business information, make fast and accurate decisions, and take actions that lead to results. Drag and relates features makes the analysis of business information cheaper since employees can easily interact with the application without any programming and technical skills needed. This improves the productivity of the business organization.

Sap Business By design enables view financial performance by multiple dimensions and time periods, analyze real-time information through in-memory analytics, and drill down to pinpoint issues at the detail level which helps employees at all levels make better decisions to make the company a best-run business. The Sap Business by Design is an integrated solution that is delivered on demand through a single interface and supports core business processes including finance for small and midsized businesses. In-memory analytics is a key feature in Sap Business By design which stores critical data in main memory where it is continually refreshed making the information up-to-date. The current information can be used to check irregularities within the business and in decision making hence improving the organizations productivity.

Application to an Organization

Electronics house is an organization that deals with electronic items distribution. It requires an ERP software system to simplify the complicated business processes and a huge database to keep records of the team of people who are landing deals, managing clients, and keeping track of details.

Electronics house collects information manually and records it in a specialized spreadsheet. This makes it difficult to interpret the data, and the information is never secure hence it is hard to make an accurate decision.

Implementing Sap Business By design will enable the organization to view financial performance by multiple dimensions and time periods, analyze real-time information through in-memory analytics, and drill down to pinpoint issues at the detail level which helps employees at all levels make better decisions to make the company a best-run business. Implementation of SAP Business One will allow stakeholders to access to up-to-date reports, drill down to see detailed inventory and customer data, and manage information in the desired business format; this will enable them to gain instant access to complete business information, make fast and accurate decisions, and take actions that lead to results. The automated software system, will make information analysis easier and hence simplify the process of making decisions within the organization leading to improved productivity.

References

BIBLIOGRAPHY .K, Seema. Database Management Systems. Technical Publications, 2009.

.S, Hubbert. Data Center Storage: Cost-Effective Strategies, Implementation, and Management. CRC Press, 2016.

.S, Kassem .A. Software Engineering. J. Ross Publishing, 2009.

Have the same topic and dont`t know what to write?
We can write a custom paper on any topic you need.

Request Removal

If you are the original author of this essay and no longer wish to have it published on the collegeessaywriter.net website, please click below to request its removal: