Question: Read the Case Study below and answer the following two questions. PRECISION WATCHES LTD. (PWL). Precision is an established brand in wristwatches and claims that

Read the Case Study below and answer the following two questions.

PRECISION WATCHES LTD. (PWL). Precision is an established brand in wristwatches and claims that PWL could achieve this status due to various management initiatives undertaken to make it an IT-enabled Internet driven E-enterprise. PWL has become more customers centric. In E- environment we come to know what customer wants and what changes are taking place in the market. This is possible as we get online information in real time mode about choice of product made or expressed by the customer, rate of sale of products by location, segment and market, and unsuccessful sale events by reason and so on. With established communication network, PWL, knows customer preferences, product movements, and modifications and is able to respond faster to customer requirements and expectations. PWL has four factories at Bangalore, Jammu, Gurgaon, and Mumbai Due to networking of all work centers, sales points, dealers, distributors and use of enterprise business process application suite, PWL has management information daily on

Product Inventory: Brand, Model, Price, and Location Product Sale: Fast Moving and Slow Moving Market: Segment, Areas, and Locations Customer: Preferences, Profile, and Lost Customers PWL claims that all this is possible due to implementation of ERP package SAP. The implementation goal of SAP ERP was to Make information access available to all concerned. Provide information integrity for all users. Integration of complete supply chain. Reduce inventory of watches, and know at all sales point Where is what? With ERP implementation, IT is an integral part of the enterprise making it E-business enterprise. Management of PWL is able to handle efficiently dispersed, disparate and heterogeneous customer preferences. Management is able to compete in a dynamic wrist watch market where competition from gray market and international brands is very strong. Using IT- enabled applications Internet technologies integration of supply chain is a challenge. To boost these strategic initiatives PWL implemented B2B solutions to leverage Internet for order handling, configuring, tracking, and delivering. PWL is also thinking of implementation of Radio Frequency Identification Device (RFID) technology, as it believes RFID is the technology of the future and is more efficient for handling variety of watches and high value of inventory. PWL is convinced that strategic use of IT and Internet has made PWL an E-business enterprise where IT and Internet are business drivers and enablers as well. Management claims that success of enterprise is due to user and customer participation in E-Enterprise solution. PWL now has online Management Information systems support when weekly meetings are held for business review, operation review, and customer issues.

Question 4: Explain how MIS using SAP-ERP will support business goals achievement? Which management functions at higher & strategic level would benefit? Question 5 Explain how PWL has become more efficient after SAP-ERP implementation? What new initiatives are now possible for PWL due to the E-Enterprise business structure?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!