LG Implements The Enterprise Resource Planning
The Enterprise Resource Planning (ERP) resolutions are an efficient operation that requires careful thought, deliberation, and engagement from all businessmen. To blend its human resource functions, LG experienced extreme upkeep costs, incompetent resolution-making, and underuse of capitals leading it to choose a system that could manage all the difficulties. Therefore, LG linked with ORACLE, which offered vast statistics accommodation, unified relocation of longstanding records, and different units accumulation, thus substituting location-specific structure reliance. As a result, LG experienced an inexpensive, centrally achieved scheme that was clear in the staffing and worker assessment system that enabled competence during hiring. Additionally, it ensured that set goals are tracked and improved the efficacy of the functions of the human resource office (Seth, 2018).
The business factors considered in the operation of this system include litheness as the resolution is not perfect, and adjustments implemented are custom coded to meet the needs of an organization. Customization involves the application of structures that do not exist in the software. However, customizations have to be done in combination with the configuration of the features that exist. Also, in the operation of software, corporations have to issue extra monies upfront for hardware costs. Whatsoever, the type of solution the ERP budget has to have the time and capitals for comprehensive commercial planning assessment. Likewise, an effective ERP solution has to be very secure, timely, and accessible (Admin, 2017). Although it was not easy for LG to apply the ERP system to its business due to its enormous scale, the implementation assisted LG in alleviating the encounters modeled for its social resource administration structures necessities. Furthermore, LG still benefits from the programmed ERP resolution and carries on to improve it continually till today (Seth, 2018).