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QI tools funds management ERP application problems and countermeasures

Author: WangFei
Tutor: ChangShuChun
School: Heilongjiang University
Course: Business Administration
Keywords: Qi er Machine centralized funds management ERP (Enterprise Resource Planning) system
CLC: F270.7
Type: Master's thesis
Year: 2011
Downloads: 41
Quote: 0
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The implementation of ERP system serves as the necessary method to improve management level and core competitive power of enterprises. At present, domestic enterprises are faced with the backwardness of production management caused by enterprise expansion at home and increasingly fiercer market competition abroad. Therefore, it has become an urgent question to improve management level for the purpose of better adjusting to market requirement. That is the reason why more and more enterprises turn to ERP. With the implementation of this system, flat management hierarchy and networked administration structure is established. In this way, less intermediate procedures and gap between the superior and the subordinate helps to achieve rapid and effective communication between the group company and the affiliated enterprises, and thus centralized administration. Besides, with ERP system, the centralized management of funds, an important part of modern enterprise management, is improved and funds utilization efficiency is largely increased. The core of ERP is finance management, whose core is fund management, inevitable throughout the whole process of finance management. Funds are guarantee for the development of enterprises, and rapid turnover of them promotes value maintenance and appreciation.The thesis firstly discusses in theory the five modes of fund management in enterprises and the management concepts of ERP system. Then, by case study of the implementation of ERP-NC system, a centralized fund management system, in Qi er Machine Tool Group Co., Ltd, the thesis arrives at a conclusion that ERP-NC system improves fund management level. The study is carried out in the following aspects:Ⅰ. ERP system has scientific fund management procedure and fixes it in the system. Besides, invalid and repetitive business is deleted, and this improves the efficiency of fund management by means of a more scientific fund business procedure.Ⅱ. ERP system provides the function of fund planning and overall fee budget, with a strict administration on expenditure of various funds. Within the system, people analyze causes of differences and take timely measures to solve the problems.Ⅲ.ERP system provides risk alert model, which will reduce the occurrences of financial risks by means of remedy measures.Ⅳ. ERP system has the investment decision model, which will provide financial analysis results at various levels by means of data mining method. These results will turn out to be evidence for scientific decision.In addition, the thesis analyzes problems in the implementation of ERP-NC system and puts forward relevant solutions. The author hopes that the above analysis can provide some reference materials for enterprises which implement ERP system.

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CLC: > Economic > Economic planning and management > Enterprise economy > Economic theory and methods > Management of modern enterprises
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