WDW101Y1 Lecture Notes - Lecture 3: Enterprise Resource Planning, Performance Metric, Human Capital
Document Summary
Oracle (people soft) or sap= an enterprise planning system is a huge electronic data system. All system in the organization talks with each other: enormous undertaking and very expensive, hr is one of the departments in the organization. Implementing cost and training cost-expensive: managers from all over the world can deal with the hr system in the erp build in the erp system system. There the idea of must have and nice to have . Licensing fees, training cost and diff issues to look at when you are buying something: tracking absenteeism and training for many company is important. In order for line management to buy into the value of hr, the hr function must show quantitatively how it makes a measurable contribution to strategically important goals. Lagging metric shows the final results of an action: profit is s lagging indicator of revenue and expenses, benchmarking: xerox corporation popularized benchmarking in the early.
