Finance Proposal Essay

.1.INTRODUCTIONThis look for is an overview that how organization bath improve their output signal by knowledge establishment planning and writ of execution? Ethical and headmaster practices as well as essenceive risk management, improving the outcomes and observe the performance.ERP arrangement gives flexibility, quick response.ERP was introduced in early 1990s to cope with the requirements of the market. This dust is punishing to get in practice as it has many modules and can be modified tally to the need of an organization.1.1Companys introductionSSGC (Sui Confederate bollocks ships company limited) is the Pakistans most leading company. Its purpose to issue natural gas to all(prenominal) the regions of the country. Beside transmission construction off all high and low pressure distribution clays. The vision of the company is to get out excellent services by maintaining high level of ethical and pass place standards. The mission of the company is to meet the necessitate of the customers in friendly surroundings and securing the the responsibility of all stakeholders.1.2ERP OverviewQuestion arises what is actually ERP?How it travels?ERP ar bundle packages comprise different modules e.g. Human resource, sales, marketing etc. These softw ars can be modified according to the needs of the department of an organization.ERP system is not a project which will end unitary day, they are the way of behavior. However ERP does not guarantee the solutions of the chores but those who will learn and experience it will be most likely to succeed.1.3Importance of ERPERP is the most definitive and effective tool used in todays cadence across the globe. It is not that easy for business people to start competing on global scale because there will be complications and hardship for them to line-up their barter operations and processes and licks them works smoothly.ERP is not the solution to all problems .ResearchesFrom the beginning ERP was the m ost dear(predicate) tool barely handful companies afford it at that time. Even it was difficult for workers to accept and work with rude(a) tool, due to lack of intimacy closely the ERP tool workers failed to make it useful and how to implement it companies purchases falling in loss. circumstance up the ERP system in organization is complex and time devour minimum time for fully executing for big organization is half a dozen months and maximum eighteen months for some reasons. It is important for workers to understand and have muddle of knowledge about the tool so it gone a be easy for organizations to meet its needs, E really organization have different needs and make it ERP tools to a greater extent effective to meet the needs of an organization.1.4Dominant factors in ERP contrastive studies has been conducted on critical factors that should be carefully analyzes to make possible and boffo implementation of an ERP project. murder of ERP project on all levels carried ou t by these factors. Researches highlighted these factors play important role in ERP implementation. These factors monitor all stages of ERP implementation top management, experienced project management, world class reproduction are all main factors of ERP project.1.5Dimensions and phases of ERPERP life cycle phases contains many stages that ERP system goes finished longer span of life hosting within an organization. Following are the phases of life cycle of ERP.1. Adoption decision phase2. Acquisition phase3. Implementation phase4. Maintenance phase5. Evolution phase Retirement phase.In ERP dimensions first preference is to analyzing phases of life cycle which are 1)product 2)process 3)People 4) switch over management.1.6Advantages and dis benefits of ERPERP system has more advantages than disadvantages. Its been used to solving number of problems that are faced by wide organizations. Using this technology a company can get a path to sucees but it does not guarantee it, This tech nology costs very high so every organization can not implement it .It is complex system only trained employees can modify it according to the need of an organization Otherwise it is useless and wastage of time and money.1.7 Research problem* To find out the factors of implementation of ERP.* To analyze the structure and planning of ERP in Sui Southern Gas Company Limited.1.8Objective* To overview the implementation of ERP in Sui Southern Gas Company. * To explain the importance of ERP as best practice in an organization.1.9Limitationsthither are many limitations in our current study due to which our research work got effected. Due to limitation of time(4 months) we do not at this appoint differentiate between alternative explanations for our findings. Also due to the limited pecuniary resources.2.Literature Review2.1Social great(p)Social capital is the way to secure benefits via companionable networks. These benefits include gaining knowledge about network norms. It also represe nts the benefits of the benefits of members of human networks and communities. repeating of interaction between people while they perform routine actions and work and procedure will form and transfer information .Social capital bridge over the gap between the people within organization. Social capital enhances communication, collaboration, knowledge access between the employees of organization. Social capital exploits knowledge and information skills. It is positively much related to post implementation tuition.2.2 house implementationIt is the process in which knowledge is created through experience. Post implementation gives an idea to look aft(prenominal)(prenominal) its implementation. Post implementation focus on effectiveness of raising sooner making any project operational.ERP is the complex system and limits the amount of knowledge. there is a gap between the role and potential of technology. Post implementation learning realizes the firm specialised of knowledge w ithin the organization which is the key to know the potential of technology. Social capital is positively related to Post implementation learning Post training self efficacy2.3Post training Self efficacySelf efficacy defines ones maximum capabilities to perform its tax to accept the situations face by an organizations which brings changes in behavior and decisions taken by employee. According to Campeau and Higgins (1995)introduce to IT field thats computer self efficacy is only the believe that how an single(a) can use computer effectively. Self-efficacy is just a construct during the acqui ions of new technology. Self-efficacy can be improved by trading internalizing the conceptual models into their mental model to fill the gaps in understandings, it can picture knowledge and experience. It also provides the firm believer of an individual to perform specific task according to his or her ability after training, self- efficacy positively related to motivation learning and skills .2.4ERP recitationERP performs different task and it refers to the employ of the ERP system on individual basis in an organization much(prenominal) as problem solving and customer services.ERP usage gives competitive advantage competency and increase in productivity. The ERP system integrative the characteristics that learn new knowledge and skills training gives the brief idea of proper implementation of ERP systems and it doesnt ensure that sustain the stability. Post implementation and obtaining knowledge based on practical work communication and feedback and knowledge transfer to improve ERP usage and major progress can be seen in the financial tip of an organizations it also give vast area for knowledge transfer from genial networks ERP system has different modules and factors usage of ERP highly dependent on the training of employs and modification of ERP softwares according to the need of an organizations.2.5ERP ImpactERP gives a brief summary on the research of success of information system concluding six major categories system quality, quality of information, use, user satisfaction, individual and organization clashingion. ERP impact depend on the individual uses of knowledge and information of the technology. According to delone and mclean (1992) suggested that Individual impact is closely related to performance with the impact indicating whether IS has given the users a better understanding has improved their productivity has produced to change their activities and change the perception of importance and usefulness of IS. Continuous learning of the system leads to the reminding and modifying but absence will cause the gap and will effect the performance of individual work3.Conceptual Framework3.1.Independent variable* Social capital* Post training self efficacySocial CapitalERP impactERP usagePost implementation learningPost trainingSelf efficacyFig. 2.Conceptual Framework3.2. Dependent variable* Post implementation learning* ERP usage* ERP Impact4. Research methodologyResearch methodology is financial in this research. It focuses on the implementation and planning of ERP system in SUI southern gas company. financial assessment helps us to analyze the financial model of organization. trends and abnormalities can also be highlighted and determined through these analysis.5. Sources of data ingathering5.1.Primary source of data battle arrayData for this research has been collected from the visits of company and help was taken from private contacts, meetings and discussions and with executives.5.2. Secondary source of data collectionIt was collected from annual reports, institute magazines, department manuals, and the data was gathering by the 6 published research paper.5.2. Statistical toolsDescriptive statistic and other examine are employed.6. FindingsAnalysis shows positive trend in the company. As the favorableness increases every year. The abnormalities shown in the analysis are clearly defined in notes at th e back of annual report.The company indicates good asset slip of the company. The company also got sufficient reserves and Surplus to meet the prospective financial contingencies of the company. Company considers Corporate Social Responsibility as one of the pivotal functions to accelerate the process of overall sustainable development and make significant contribution to Nation building.7. ConclusionThe research which we have make gives a relative briefing by the ERP system. We have analyzed that ERP usage can give Competitive atmosphere in productivity and personal competency, by the powerful and integrative characteristics of ERP usage, the knowledge and skills increases. ERP usage and impact increases after the implementation. Although ERP is the best practice but it does not guarantee success.