What is ERP - enterprise resource planning
ERP is short for enterprise resource planning.
Enterprise resource planning (ERP) is business processmanagement software that allows an organization to use a system of integrated applications to manage the business and automateback office functions. ERP software integrates all facets of an operation, including product planning, development, manufacturing processes, sales and marketing.
ERP Software Modules
ERP software typically consists of multiple enterprise softwaremodules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing. A busines scan use ERP software to manage back-office activities and tasks including the following:
Distribution process management, supply chain management, services knowledge base, configure, prices, improve accuracy of financial data, facilitate better project planning, automate employee life-cycle, standardize critical business procedures, reduce redundant tasks, assess business needs, accounting and financial applications, lower purchasing costs, manage human resources and payroll.
Some of the most common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR.
As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP into other business activities and may also incorporate modules for CRM andbusiness intelligence and present them as a single unified package.
The basic goal is to provide one central repository for all information that is shared by all the various ERP facets in order to smooth the flow of data across the organization.
The basic goal is to provide one central repository for all information that is shared by all the various ERP facets in order to smooth the flow of data across the organization.
Top ERP Trends
The ERP field can be slow to change, but the last couple of years have unleashed forces which are fundamentally shifting the entire area. According to Enterprise Apps Today, the following new and continuing trends affect enterprise ERP software:
1. Mobile ERP
Mobility continues to be a big trend. Executives and employees want real-time access to information, regardless of where they are. It is expected that businesses will quickly embrace mobile ERP, not just for reports and dashboards, but for conducting key business processes.
2. Cloud ERP
The cloud has been advancing steadily into the enterprise for some time, but many ERP users have been reluctant to place data cloud. Those reservations have gradually been evaporating, however, as the advantages of the cloud become apparent.
3. Social ERP
There has been much hype around social media and how important – or not -- it is to add to ERP systems. Certainly, vendors have been quick to seize the initiative, adding social media packages to their ERP systems with much fanfare. But some wonder if there is really much gain to be had by integrating social media with ERP.
4. Two-tier ERP
Enterprises once attempted to build an all-encompassing ERP system to take care of every aspect of organizational systems. But some expensive failures have gradually brought about a change in strategy – adopting two tiers of ERP.
ERP Vendors
Depending on your organization's size and needs there are a number of enterprise resource planning software vendors to choose from in the large enterprise, mid-market and the small business ERP market.
Large Enterprise ERP (ERP Tier I)
The ERP market for large enterprises is dominated by three companies: SAP, Oracle and Microsoft. (Source: EnterpriseAppsToday; Enterprise ERP Buyer's Guide: SAP, Oracle and Microsoft; Drew Robb)
Mid Market ERP (ERP Tier II)
For the midmarket vendors include Infor, QAD, Lawson, Epicor, Sage and IFS. (Source:EnterpriseAppsToday; Midmarket ERP Buyer's Guide; Drew Robb)
Small Business ERP (ERP Tier III)
Exact Globe, Syspro, NetSuite, Visibility, Consona, CDC Software and Activant Solutions round out the ERP vendors for small businesses. (Source: EnterpriseAppsToday; ERP Buyer's Guide for Small Businesses; Drew Robb)
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ReplyDeleteMicrosoft dynamics AX ERP solution is one of the best enterprise resource planning solution with multiple languages and currencies. MS Dynamics AX, all in one solution and its extensive functionality helps mid-size and large companies across the globe to gain a competitive advantage.
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ReplyDeleteIt's very helpful post. Except software you mentioned here, there are many other ERP software available in the market. But choosing right one for your business is very difficult. For that there are many marketplaces like bdtask erp software system, SoftwareSuggest, SoftwareAdvice, Capterra, G2Croud, etc,. available in the market which help you to find right software for your business. One of my favorite is bdtask erp software. They provide list of top ERP software for business with software reviews, demos, price quotes and much more.
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