Premium Essay

Sinosteel

In: Business and Management

Submitted By jlsticks
Words 1184
Pages 5
Sinosteel Strengthens Business Management with ERP Applications

1. What is the business of Sinosteel, what are its major challenges, and how would an ERP system address the challenges they face? 2. Why did Sinosteel pursue the development of an ERP system? What were the objectives? What challenges (risks) does ERP address for Sinosteel? [The CEO is difficult to understand on some of the objectives, but later in the video an IT manager is more clear and reflects the CEO’s position almost exactly. You will need to listen carefully]. 3. What factors were important in the choice of Oracle? 4. How did business processes change in order to implement this ERP system? 5. What do you think some of the implementation issues and risks might have been with this system? 6. How did this investment in ERP systems help Sinosteel achieve operational excellence? What do you think were the benefits of installing this system given the substantial costs involved?

1. Sinosteel Corporation is a strategic resource company that mines, processes and supplies iron and chrome ore to major international steel manufacturers. Alongside these operations, they manage logistic planning and equipment distribution. The major challenges that Sinosteel was facing were the decentralized management of 86 different subsidiaries, 63 of which are located in China. The enterprise had many different employees, systems and practices that varied from one subsidiary to another causing overlapping of data and confusion within the company. Customer information was controlled within each individual subsidiary which resulted in conflicting outstanding invoices and customer credits. Decentralized customer information was not the only problem that Sinosteel was running into. Differences in coding for identical shipments could have resulted in major supply chain management problems,…...

Similar Documents

Free Essay

Global Warming

...俄罗斯sistema公司(Sistema) | 28,098.5 | 918.7 | 俄罗斯 | 343 | . | 中国邮政集团公司(China Post Group) | 28,093.6 | 1,306.9 | 中国 | 344 | 338 | 迪奥(Christian Dior) | 27,976.6 | 1,670.1 | 法国 | 345 | 421 | 英美资源集团(Anglo American) | 27,960 | 6,544 | 英国 | 346 | 395 | 中国华润总公司(China Resources) | 27,820.4 | 1,620.5 | 中国 | 347 | 398 | 波兰国营石油公司(Pkn Orlen Group) | 27,703.2 | 786.3 | 波兰 | 348 | 290 | 阿尔斯通(Alstom) | 27,634.7 | 610.2 | 法国 | 349 | 291 | 德尔海兹集团(Delhaize Group) | 27,615 | 760.2 | 比利时 | 350 | 434 | 台湾中油股份有限公司(Cpc) | 27,570.3 | 507.6 | 中国 | 351 | 380 | 斯伦贝谢公司(Schlumberger) | 27,447 | 4,267 | 美国 | 352 | 397 | 华为(Huawei Technologies) | 27,355.7 | 3,509.1 | 中国 | 353 | 322 | 豪赫蒂夫公司(Hochtief) | 27,334.3 | 381.5 | 德国 | 354 | 352 | 中国中钢集团公司(Sinosteel) | 27,265.6 | -216.7 | 中国 | 355 | 351 | 日本中部电力(Chubu Electric Power) | 27,214.2 | 987.7 | 日本 | 356 | 331 | 菲利普-莫里斯国际公司(Philip Morris International) | 27,208 | 7,259 | 美国 | 357 | 364 | 马自达汽车(Mazda Motor) | 27,153.5 | -701 | 日本 | 358 | 373 | 科斯莫石油(Cosmo Oil) | 27,106.3 | 337.8 | 日本 | 359 | 442 | 印度塔塔汽车公司(Tata Motors) | 27,045.6 | 2,035.4 | 印度 | 360 | 117 | 巴西伊塔乌投资银行(Itaúsa-Investimentos Itaú) | 26,981.5 | 2,509.4 | 巴西 | 361 | 413 | 印度石油天然气公司(Oil & Natural Gas) | 26,944.9 | 4,928.7 | 印度 | 362 | 302 | 和记黄埔有限公司(Hutchison Whampoa) | 26,925.9 | 2,579.3 | 中国 | 363 | 274 | 时代华纳(Time Warner) | 26,888 | 2,578 | 美国 | 364 | 366 | 甲骨文公司(Oracle) | 26,820 | 6,135 | 美国 | 365 | 370 | 3m公司(3m) | 26,662 | 4,085 | 美国 | 366 |......

Words: 5541 - Pages: 23

Premium Essay

Sinosteel

...Sinosteel Question 2. (1) Why did Sinosteel pursue the development of an ERP system? “The go-live of the ERP system is a major milestone in our efforts to deploy a modern management system. It is also a testament to the joint efforts and achievements of Sinosteel”, said Mr. Huang Tianwen, President of Sinosteel Corporation. With the ERP system, Sinosteel is able to deliver timely updates of accounting records and gain insights into underlying business transactions. The company can achieve synchronous flow of materials, funds and information; integrate its systems for human resources management and customer relationship management with its financial and operation management systems. (2) What were the objectives? SinoSteel Corporation uses Oracle ERP to strengthen its business management. To increase the management levels, to prevent all kind of risks, independence of operations and management, to optimize all resources assignments and human resources management are the objectives of Sinosteel. (3) What challenges (risks) does ERP address for Sinosteel? As the IT Manager said in the video “In the past, the costumer information was decentralized and controlled by sails and needy subsidiary company. These prove risk as there localized were delinquent costumers could all many to one needy subsidiary, all need an invoice be paid by another. Through CRM they could prevent this kind of thing happening again, they are sharing all costumers’ information.” During the......

Words: 293 - Pages: 2

Premium Essay

Assignment

... | | | | |Part Three: Key System | | |Applications for the Digital Age | | |Chapter 9: Achieving Operational |(1) Sinosteel Strengthens Business Management with ERP Applications | |Excellence and Customer | | |Intimacy:  Enterprise |China's state owned strategic resources enterprise Sinosteel Corporation uses Oracle Enterprise Resource Management | |Applications |(ERP) to strengthen its business management. L= 4:50 | | | | | |Tags: Coordination of decentralized business units; centralization of business rules; data security; management | | ......

Words: 3467 - Pages: 14

Premium Essay

Business & Management

...1 Case Study : Sinosteel Strengthens Business Management with ERP Applications  SUMMARY:  China’s state owned strategic resources enterprise Sinosteel Corporation uses Oracle Enterprise Resource Management (ERP) to strengthen its business management and global reach.  Case:  Sinosteel Corporation (abbreviated as Sinosteel) is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 76 subsidiaries under the administration of Sinosteel, among which 53 are in China and 23 abroad, the revenue from core businesses reaches RMB 111 billion in 2008. Chinese currency is called the Renminbi (RMB), and it is currently trading at .146 US dollars in 2009.  Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture. It is a large multinational enterprise with core businesses engaging in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills.  Sinosteel is organized as decentralized, multi-business unit firm. Like most rapidly growing global firms, Sinosteel has grown through the acquisition of hundreds of small companies, and many medium to large size companies. In the...

Words: 1481 - Pages: 6

Premium Essay

Chinese Foreign Direct Investment in Australia

...struggling AED Oil in a deal that values the assets at $1 billion. CNOOC: holds a 25% share in China LNG, a new joint venture within the existing $19 billion North West Shelf structure that diluted the other six joint venture parties down to 12.5% each. Shanghai Baosteel Group: owns 46% of the Rio Tinto-operated Eastern Range iron ore mine in Pilbara which produces 6.5 million tonnes a year worth more than $500 million a year. This Chinese investment is now worth more than $1 billion. CITIC: paid more than $400 for its 22.5% stake in the Portland Aluminium Smelter in the 1990s. Shougang Corp: spent $400 million buying 20% of WA iron ore company Mt Gibson Iron in early 2008. Sinosteel: owns more than 45% of WA iron ore hopeful Midwest Corp after board recommended a $1.37 billion bid priced at $6.37 a share. Sinosteel has also bought a small stake in Murchison Metals, which is seeking a separate merger with Midwest, but is yet to receive approval to buy 100% of Murchison. CITIC: spent $113m in July 2007 lifting stake in Macarthur Coal stake from 11.6% to 19.9% and is already showing a big profit as the stock continues to surge on takeover speculation. Consortium: five Chinese companies were given FIRB approval in January 2008 to fund $3 billion Oakajee port and rail project in WA. Chalco: in September 2007 Queensland government awards rights to develop $3 billion bauxite project near Aurukun, which Noel Pearson has claimed includes an unfair forced land grab. Anshan Iron &......

Words: 15875 - Pages: 64

Premium Essay

University of Macao

...Chapter 9 Achieving Operational Excellence and Customer Intimacy: Enterprise Applications Video Cases Video Case 1a: What Is Workday: Enterprise Software as a Service (Saas) Video Case 1b: Workday: Mobile Solutions for iPad Video Case 2: Evolution Homecare Manages Patients with Microsoft CRM (2011) Video Case 3: Sinosteel Strengthens Business Management with ERP Applications (2008) Instructional Video 1: Zara’s: Wearing Today’s Fashions with Supply Chain Management 6.1 Copyright © 2014 Pearson Education publishing as Prentice Hall Management Information Systems, Global Edition Chapter 9: Achieving Operational Excellence and Customer  Intimacy: Enterprise Applications LEARNING OBJECTIVES • Describe how businesses use enterprise systems to achieve  operational excellence. • Explain how supply chain management systems coordinate  planning, production, and logistics with suppliers. • Describe how customers relationship management systems  help firms achieve customer intimacy. • Explain the challenges posed by enterprise applications. • Describe the new technologies used by enterprise  applications. 9.2 Copyright © 2014 Pearson Education Management Information Systems, Global Edition Chapter 9: Achieving Operational Excellence and Customer  Intimacy: Enterprise Applications Enterprise Systems • Enterprise Systems – Enterprise resource planning (ERP) systems – Suite of integrated software modules and a common central  database – Collects ...

Words: 2000 - Pages: 8

Premium Essay

Sinosteel and Its Governance the Significant Influence of the Government

...Abstract This paper has the aim to deep understand the typical problems of the Corporate Governance of China's State-Owned Enterprises (SOEs) and how, during the years the role of the Chinese government is changed. In particular it will discusses Chinese corporate governance in this narrow sense and attempts to explain the political core function of Party Organization. Moreover it will analyze a real case: “Sinosteel Corporation”. This company was created and projected by the Chinese government with the aim to be the leader in its sector. Its corporate governance is deeply influenced by the party consequently by the Chinese government, which contributed to its establishment and growth through several government-subsidies. Key words: China’s SOEs, Governance Structure, the CCP organization, internal control mechanism, Sinosteel. Abbreviations: CCP, China Communist Party; SOEs, State-Owned Enterprises; CICSC, China Internal Control Standards Committee; SASAC, State-owned Assets Supervision and Administration Commission; PSC, Party Standing Committee; CPCC, China Party Central Committee; Introduction The definition of corporate governance in China refers to the system that regulates the multiple relationships between all the parties with interests in a business organization, typically underlying the shareholders as a predominantly important group. However in practise corporate governance focus mainly on the agency problems in particular within two kinds of firms. The...

Words: 3620 - Pages: 15

Premium Essay

Trade and Investment Activities Between China and South Africa

...Firstly it is going to look at the trade policies of both countries in relation to each other and how it influences the world at large. Firstly one is going to look at the bilateral relations between the two countries since their involvement in the international market. This section will focus on the history of Chinese trade and investment with South Africa and vice-versa, looking closely at the increase and decrease of the numbers; and the factors of investments in relation to inward and outward investment between the two countries, focusing on the case studies (trading products- manufactures goods versus raw materials and investments- partnership deal between Standard Bank and the Industrial and Commercial Bank of China Limited (ICBC) and Sinosteel). Secondly the essay is going to tackle the current issues that affect the trade and investment relationship between the two countries and lastly one is going to view the solutions to which the two countries can make their trade and investment relationship effective and productive for the future, using the current issues as a guideline to find the solutions. The essay is also going to look at the relationship in this current year and what it has to offer for the future of trade and investment in the world at large. A conclusion is going to be drawn on all the above, resulting to whether the trade and investment activities between China and South Africa are beneficial to both countries or not. CHINA-SOUTH AFRICA STRUCTURE OF......

Words: 8475 - Pages: 34

Free Essay

Sinosteel

...Can a person be too aggressive? There are many different roles when it comes to a job, and depending on the job that is being performed the job title differs. Tom Parker was a man that enjoyed working outdoors. He has had almost every job one can have when it comes to being outdoors. At the age of 43, he acquired a job with Artic Mining Consultants. With this new job he is responsible for hiring, training, and supervision field assistants for all of the programs. Many of the programs are operated by a project manager who then reports to Parker. On this specific job, himself and his field assistants had to stake a claim, the project team marks a line with flagging tape and blades along the perimeter of the claim, cutting the claim every 500 yards. The 15 claims would require almost 60 miles of line total. The men that were on the job were- John Talbot, Greg Boyce, and Brian Miller, all of which have previously worked with parker. Parker told the crew on the first night that if they got the job finished in a week they would all receive an additional 300 dollars. He told them that he knew that it would be hard work, but he knew they could do it. Each man would have to put up 7 and 1/2 lengths. To his surprise, some of the men could not hold up to that standard. They were only able to get up around 6 a day, if that. As many can probably tell, Parker was not a happy guy about all of that. So he screamed at them every night, telling them that they are pretty much useless and how......

Words: 2226 - Pages: 9

Premium Essay

Case Study

...Sinosteel Corporation is a central state owned enterprise, primarily in mining, trading, equipment manufacturing and engineering, under the supervision of the State-owned Assets Supervision and Administration Commission.. The company was founded in 1993 as China Iron & Steel Trade & Industry Group Corporation and changed its name to Sinosteel Corporation in August 2004. Sinosteel Corporation is based in Beijing, China. 1.—What is the business of Sinosteel? What are its major challenges, and how would an ERP system address the challenges they face? Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources, trading and logistics raw materials and products, and it is related engineering technical service and equipment manufacture. The company is decentralized while its business is expanding all around the world. The main challenges for sinosteel : * Improving and consolidating its management, overwhelming their lack of centralization. * Being more efficient, at the level of resources management, human resource management and customers’ relationship. ERP system: I would like to say, thanks to a system of software modules and a common central database, the internal management can be improve and optimize, by consolidating the information sharing. * Throw the supply chain management [SCM], a batter and optimize management of resources. * Through the customer relationship management [CRM], a higher customer...

Words: 265 - Pages: 2

Premium Essay

Sinosteel Strengthens Business Management with Erp

...Case 3: Sinosteel strengthens business management with ERP 1. What is the business of Sinosteel, what are its major challenges, and how would an ERP system address the challenges they face? „h It has core business in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills. „h Maintenance of economic and technological cooperation with other nations and global companies and strengthen its global reach. As well as, along with other state enterprises, continue efforts to expand the global control over commodities-key, thus exclusivity to get stream in the provision that will ensure a steady stream of resources to the booming economy of China. „h They optimize management processes, standardize coding, regulations, etc. prevention of information risks, adapt industry processes and superior ownership expertise, centralize and unify the communication process, reports, accountancy, etc. 2. Why did Sinosteel pursue the development of an ERP system? What were the objectives? What challenges (risks) does ERP address for Sinosteel? [The CEO is difficult to understand on some of the objectives, but later in the video an IT manager is clearer and reflects the CEO¡¦s position almost exactly. You will need to listen carefully]. „h Because the need to consolidate management of diverse operations implementing the major......

Words: 701 - Pages: 3

Premium Essay

Question 2: the Reason Sinosteel Pursue the Development of an Erp System Is Because Information Technology Is One of the Main Competitive Advantages in the 21st Century

...Question 1: Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources, trading and logistics raw materials and products, and it is also related engineering technical service and equipment manufacture. The company is decentralized (it has many subsidiaries), while its business is expanding all around the world. The main challenges for Sinosteel: - Improving and consolidating its management, overwhelming their lack of centralization. - Being more efficient, at the level of resources management, human resources management, and customers' relationship. How would the ERP System face these challenges The ERP would help face these challenges through changing the current system into one which now would have a common central database, meaning the internal management can be improved and optimized, by consolidating the information sharing: - Through the Supply Chain Management (SCM), a better and optimized management of resources (and so cost decrease) - Through the Customer Relationship Management, a higher customer satisfaction. 2) Why did Sinosteel pursue the development of an ERP system? What were the objectives? What challenges (risks) does ERP address for Sinosteel? The main goal was to consolidate the management existing in a decentralized corporate structure, and optimize the management processing in all core business functions. An ERP system improves the information sharing, so the management efficiency. The......

Words: 481 - Pages: 2

Premium Essay

Sinosteel Strengthens Business Management with Erp Applications

...Q1. What is the business of Sinosteel, what are its major challenges, and how would an ERP system address the challenges they face? Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources, trading and logistics raw materials and products, and it is also related engineering technical service and equipment manufacture. The company is decentralized (it has many subsidiaries), while its business is expanding all around the world. It has core business in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills. Maintenance of economic and technological cooperation with other nations and global companies and strengthen its global reach. As well as, along with other state enterprises, continue efforts to expand the global control over commodities-key, thus exclusivity to get stream in the provision that will ensure a steady stream of resources to the booming economy of China. Sinosteel has grown through the acquisition of hundreds of small companies, and many medium to large size companies. In the process, the company has inherited the information systems, accounting, customer, supplier, and human resource systems and policies of its many subsidiaries. ( There will be data inconsistency problems, the system can not integrate, cause the system to chaos) They......

Words: 925 - Pages: 4

Premium Essay

Erp Sinosteel

...from around the globe, and delivered at the right place, at the right time, efficient supply chain management is crucial. In order to enable it : have free flows of information internally, with ERP as a foundation of a supply chain management. Human resources management also benefited from the ERP : the company adopted global HR policies and standards. Employees personal and financial information are connected efficiently. HRMS has very positive results inside Sinosteel. Other clear advantages of Oracle : Oracle has advanced technologies, a relatively flexible platform, easy to administer. The Oracle ERP system delivers multiple benefits to Sinosteel : - Through the implementation of the ERP, Sinosteel has established a centralized and unified platform, which covers the whole enterprise. - Improved information consolidation and collaboration across the enterprise has resulted in a major upgdare of Sinosteel’s management expertise. - The deployment of the Oracle ERP system is a major milestone in Sinosteel pursuit of business efficiency, and sustainable development....

Words: 317 - Pages: 2

Premium Essay

Yyj Gfhfghjg Ereegrhtr

...CASE 1 ACHIEVING OPERATIONAL EXCELLENCE AND CUSTOMER INTIMACY: ENTERPRISE APPLICATIONS Sinosteel Strengthens Business Management with ERP Applications VIDEO CASE Systems Systems TAGS SUMMARY URL CASE Coordination of decentralized business units; centralization of business rules; data security; management decision making; real-time “enterprise wide” resource planning (ERP); collaboration; knowledge sharing. China’s state owned strategic resources enterprise Sinosteel Corporation uses Oracle Enterprise Resource Management (ERP) to strengthen its business management and global reach. L= 4:50. http://www.youtube.com/watch?v=j5rBGljckjw “Sinosteel Corporation (abbreviated as Sinosteel) is a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. There are 76 subsidiaries under the administration of Sinosteel, among which 53 are in China and 23 abroad. The revenue from core businesses reaches RMB 111 billion in 2008. Chinese currency is called the Renminbi (RMB), and it is currently trading at .146 US dollars in 2009. Sinosteel is mainly engaged in developing and processing of metallurgical mineral resources, trading and logistics of metallurgical raw materials and products, and related engineering technical service and equipment manufacture. It is a large multicontinued CHAPTER 8 CASE 1 SINOSTEEL STRENGTHENS MANAGEMENT WITH ERP APPLICATIONS 2 national enterprise with core......

Words: 810 - Pages: 4