What is Enterprise Resource
Planning?
-
ERP is business management
software that allows an organization to use a system of integrated
applications to manage the business. ERP software integrates all facets of an
operation, including development, manufacturing, sales and marketing.
Who uses
Enterprise Resource Planning?
-
Primarily used by the business firms to manage their
resources in a coordinated way so that there will not be many redundant
activities.
Who Vendors Enterprise Resource
Planning?
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Depending on your organization's size and needs there are a number of ERP
software vendors to choose from in the large enterprise, midmarket and small
business ERP markets.
o Large Enterprise ERP (ERP Tier I)
§
The ERP market for large enterprises is dominated by three companies: SAP,
Oracle and Microsoft.
o Midmarket ERP (ERP Tier II)
§
For the midmarket vendors include
Infor, QAD, Lawson, Epicor, Sage and IFS.
o 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.
What
are the benefits of Enterprise Resource Planning?
-
At its core, ERP helps
employees do their jobs more efficiently by breaking down barriers between
business units. More specifically, an ERP solution:
o Gives a global, real-time view of data that can enable
companies to address concerns proactively and drive improvements
o Improves financial compliance with regulatory standards
and reduces risk
o Automates core business operations such as lead-to-cash,
order-to-fulfillment, and procure-to-pay processes
o Enhances customer service by providing one source for
billing and relationship tracking.
How
can ERP Projects fail?
-
Under-estimating the
complexity of planning, development, training
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Failure to involve
affected employees in planning and development
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Trying to do too much
too fast
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Insufficient training
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Insufficient data
conversion and testing
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Over-reliance on ERP
vendor or consultants
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