Gracious Industries is a private limited company with 35 employees and sales revenue of more than $10.5 million during the past year. It has been in business for over 40 years and supplies electronic parts to a number of different businesses, including hardware stores and supermarket. The company has experienced a growth in orders over the last few years for some of its new green product ranges. However, Gracious has recently lost some key accounts because of being unable to produce some of its products at a competitive price.Although the company hired an accountant who was keeping their books for them and producing the financial statements each year, the company thought they needed much more information to run their business efficiently. They felt that they needed to make an investment in an accounting software to take their business to the next level.
You are required to prepare a report to evaluate and recommend an Enterprise Resource Planning (ERP) system for Gracious Industries. The report should include the following components:
o What are the key business processes for Gracious Industries?
o What are the major control risks for the business processes of the company?
o What are some of the possible ERP features and functionalities that the company should consider to achieve their business objectives and minimise the control risks?
o Visit the websites of at least three (3) ERP vendors and provide a brief description of each vendor and its products.
o Compare and contrast the features and functionalities of two ERP software packages offered by the three vendors described in the report.
o Which one would be the most suitable vendor and ERP software package for the company and why?
The report should include the following components:
Assignment cover page clearly stating your name and student number
A table of contents, executive summary
A brief introduction or overview of what the report is about.
Body of the report with sections to answer the above issues and with appropriate section headings
List of references
The report should be grounded on relevant literature and all references must be properly cited and included in the reference list.