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Strategic Enterprise Management Systems
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Strategic Enterprise Management Systems
By
Martin Fahy
The last twelve months has seen the emergence of strategic enterprise management (SEM) software offerings from a number of enterprise resource planning (ERP) vendors. As currently conceived by the major vendors SEM is designed to improve the effectiveness of strategic management processes by providing managers with business performance monitoring, consolidation, and data warehousing/business intelligence capability.
SEM attempts to bridge the gap between strategy and operations by making shareholder value the key criteria in decision making and by providing the tools and information to support:
. Performance measurement based on targets for each of the value drivers;
. The integration of strategic, financial and operational information to support management processes;
. Transparency across the enterprise and to ensure continuity of information from strategy through to execution;
. Predictive value reporting;
. Shareholder value based business appraisal and decision making.
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