Hardeep 4377175

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Title: Technology Acquisition Strategy for Managed File Transfer

Student: Hardeep
Submission Date: March 24, 2024
Technology Acquisition Strategy for Enterprise Resource Plan-

ning (ERP) System in Manufacturing Sector
Introduction
Enterprise Overview
As the speed of manufacturing sector development is accelerating, TechManufacture
Corp. becomes a company of goodwill and assistance in the full operation. And as a com-
pany with more than 30 years of experience, our manufacture focus at the electronic com-
ponents' quality in all it may. In 2020, our annual revenue has surpassed $3B million, and
the total staff is nearly 8000 employees. For the manufacturing industry, the current state
of technology is ever-changing, therefore, they need the automated systems that could be
used in the processes to improve the product quality, reduce a production time as well as
the time-to-market.
Rationale for Technology Acquisition

TechnManufacture Corp. is at the edge of the next level of competition with the ascent of
the customers' demands and therefore the company is ready to put Integrated Enterprise
Resource Planning (ERP) into use. This strategic move particularly integrates workflow
procedures, increases accuracy of the data, increases the cooperation across functioning
departments, and, as an immediate consequence, leads not only to standard operations
efficiency but to a significant reduction of operational costs. The ERP system will take the
core role in the implementation of the digital transformation to the company with improved
capacity to react in time to market developments or changes in the regulatory require-
ments.
Needs Assessment
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Technology Needs Analysis
Technological landscape is a composed of different and incoherent isolated systems and
manual processes is the best definition of current technological infrastructure. As a result
of this fragmentation, the productivity suffered, there have been various data inaccuracies
and a great delay in adequately making any decisions. The one and only element to be
considered of the ERP implementation will be its ability to unify our operations, bring about
real-time visibility concerning all aspects of our manufacturing processes.
SWOT Analysis:
• Strengths: Highly skilled workforce, robust production capabilities.
• Weaknesses: Inefficient data management, dependency on manual processes.
• Opportunities: Streamlining operations, improving decision-making with real-time
data.
• Threats: Increasing competition, vulnerability to supply chain disruptions.
•
Stakeholder Involvement
The key stakeholders for the project will be department heads/chief from production, fi-
nance, supply chain management and team of IT professionals. By bringing these stake-
holders on board through workshops and surveys, the ERP system selection process
would be able to comprehend their concerns and bring in their ideas to get their issues ad-
dressed the right way.
Technology Selection Criteria

Functional Requirements
The ERP system must offer:
• Creating a comprehensive ecosystem of API integration with both production and inven-
tory control software.
• Real-time data analytics for taking well-informed decision-making.
• Promising scale-up capabilities for future expansion goals.
• Interface built in a way to increase the acceptance of the tool from the employees.
Integration with Existing Systems

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The latest ERP system should be commissioned to operate smoothly with the existing tech
assembly, decreasing the number of breakdowns in following actions. Data migration and
system compatibility might become the obstacles that will be painstakingly discussed in
advance and subsequently bypassed during the change period.
Vendor Evaluation and Selection

Vendor Research
Choosing the actual ERP system supplier will have in view companies that have a proven
track record in manufacturing with reliability of the system, scalability and strong after
sales support being the key points. Prospective vendors still comprise of ManufactureSys
Inc., EfficientProduction Solutions, and GlobalTech ERP.
Request for Proposal (RFP)

The RFP will highlight predetermined needs depicting the required critical functionalities,
integration requirements, and support services. The weighing criteria will be based on the
vendor's service history, the highness of technological excellence of the ERP system, and
the sum of total price.
Supporting Analysis
As the first step to solidify an optimal choice of an ERP system together with its successful
implementation, we carried out a thorough examination that included such as expected
benefits, possible issues and mitigation plans.
Expected Benefits
• Operational Efficiency: ERP system will automate routine operations, optimize produc-
tion procedures-and also minimize data entry faults. Undoubtedly, the result of the prob-
lem is to facilitate the time-saving and therefore cost effectiveness.
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• Data Integrity and Visibility: The data platform will be centralized which will give way to
up-to-date reports such as production, stocks and finance that can easily be accessed
through the organization and taken as a reference in the decision making process.
• Scalability: Agreed, our preferred ERP system is scalable; this means it will be able to
adjust to our business's growth phases, delegating to new tasks and more users without
affecting its performance.
• Regulatory Compliance: The timely and improved data accuracy and reporting will make
it easier for us to stay pursuant to the regulations and standards of the industry and will
protect us from the risk of the penalties.
Potential Challenges
• Integration Complexity: Integrating the ERP system together with recent infrastructure
may be actually a technical challenge, especially in legacy systems.
• Change Management: The organization should definitely be willing to undergo cultural
change during the implementation of the new system. Employee resistance and a wrong
attitude to the training course may complicate the whole story.
• Cost Overruns: The open-ended system cost can extend the overall estimates as addi-
tional complications and customization chores are not factored into the plan.
Mitigation Strategies
• Comprehensive Vendor Evaluation: A rigorous research of vendors, oriented towards
gained experience in manufacturing industry and postponed support, will help notice a
proper ERP solution.
• Stakeholder Engagement: The integration of the business steps together into ERP will
be greatly assisted by the early and continued incorporation of major stakeholders in or-
der to achieve a free match of business needs and organizational buy in.
• Phased Implementation Approach: The implementation of ERP in phases grants with a
manageable, gradual advancements, where failure probabilities are reduced to an abso-
lute minimum and early feedback on the initial phases can be gathered.
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Conclusion
The implementation of an ERP system shows the strategic choice for TechManufacture
Corp. aiming at increasing productive efficiency, assuring data precision and decision
making capabilities. Through a thorough examination of a particular system that delivers to
our exacting needs and one that can be effectively put in place will lay the basics for devel-
opment of businesses and competitiveness in the manufacturing sector.

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1 of 6

Title: Technology Acquisition Strategy for Managed File Transfer

Technology Acquisition Strategy for Enterprise Resource Plan-

Rationale for Technology Acquisition

Technology Selection Criteria

Integration with Existing Systems

Vendor Evaluation and Selection

Request for Proposal (RFP)

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