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Hurricane Katrina
Discuss reasons behind NIBCO's decision to implement an ERP system.
The primary motivation behind NIBCO's decision to implement the new ERP system hinged on economic considerations. From a competitive standpoint, NIBCO needed to innovate. As the case illustrated, the company's information systems were unable to properly communicate with each other. As such, there was a lack of integration between critical business functions. The accounting department, for instances, was unable to properly communicate with the distribution department. This lack of communication and integration made the company's operations inefficient relative to its peers in the industry. This lack of integration, combined with competitive pressures stifled NIBCO's overall earnings growth. The company was losing market share to more efficient and nimble operations. Therefore, the decision to implement the new ERP system was a direct response to the market economy that NIBCO operates in. Without innovation, the company would continue to lose vital market share to competitors. Finally, the legacy systems in which NIBCO used were difficult to audit. For example, it was difficult to decipher the financing portion of many of the different departments. Due to the inability to communicate with one another, each department could conceal vital financial information, further hindering...
With the new integrated ERP system, executives are in a better position to track and monitor the financial performance of each individual department.
Describe the pros and cons of the approach to implementation decided upon by NIBCO.
To begin, the benefits of the implementation are the financial and operational betterment of the company. From a financial perspective, through the implementation of the ERP system costs associated with inefficiencies, fraud, and lost productivity will be significantly reduced. Differing department will be in a better position to communicate with one another regarding key operational metrics and objectives. Accounting, for example, will be able to efficiently provide feedback to the distribution department regarding costs. This collaboration between departments will help propel productivity and revenue. In addition, innovation is increased, as information can seamlessly be exchanged throughout the organization. Project metrics, goals and objectives can be better implemented through the use of cross- functional teams. In addition, fraudulent activity can be significantly abated or diminished through the use of the new ERP system. Detection can now occur simultaneously as systems are now coordinated. Management will also be able to view activities irrespective of their origin.
A negative…
Hurricane Katrina that ripped through the Gulf Coast of the United States on August 29, 2005, was one of the most destructive tropical cyclones ever to hit the United States. The exact scale of damage is still being assessed but there is little doubt that the human suffering and the economic damage caused by the storm is colossal. While people around the world have come to expect wide-scale destruction by natural
A large portion of this cost ultimately is borne by the state (Handmer, 2006). Therefore, through rational choice theory, policy was enacted to provide benefit at the lowest cost. For instance, sales taxes were raised, drainage systems were implemented to prevent flooding, building codes were upgraded to prevent excessive property damage, and job training programs were implemented to help spur growth. All of this legislation was enacted through the
Hurricane Katrina and Economic Implications Hurricane Katrina and the Economic Implications The events of the incident and the economic backlash The 2005 Hurricane Katrina that ended up encompassing the cities of Texas, Mississippi and Louisiana can be termed as one of the most deadly hurricanes to hit the United States of America and left millions of people in absolutely despair along with serious economic implications for the entire country to cope up with.
Time for Accountability There is definitely a time for accountability; but what isn't fair is to dump on the federal officials and avoid those most responsible -- local and state officials who failed to do their job as the first responders. The plain fact is lives were needlessly lost in New Orleans due to the failure of Louisiana's governor, Kathleen Blanco, and the city's mayor, Ray Nagin (Williams, 2005). The primary responsibility
Hurricane Katrina Disaster Evaluation Review the Final Paper instructions in Week 5. Develop a thesis statement and outline, and identify at least five sources you intend to use for the Final Paper. Develop a thesis statement. The thesis statement will be the point or claim you argue or prove in your paper. 9/11 and Hurricane Katrina Disaster Evaluation 9/11 and Hurricane Katrina Disaster Evaluation Hurricane Katrina and the Sept. 11, 2001 attacks should never be
Hurricane Katrina When former New Orleans Mayor Marc Morial remarked "The New Orleans we all through we knew is dead," he was speaking about not only 2005 natural mega-storm Hurricane Katrina, but the events and effect the disaster would have on the City of New Orleans that even today still reverberate. The events surrounding the aftermath of Hurricane Katrina offer a winsome and remarkable case study regarding the continuing social divide