Question

Assignment Guidelines:
- Submit 500 words on ERP systems vendors for business organization.
- Give a short background about the ERP systems vendors in the selected company.
- Highlight the sectors that enterprise systems vender provide.
- Find out key challenges of the ERP systems vendors in business companies.

Answer 1

Enterprise rersource planning (ERP) systems are complete full fledged systems used by many organizations to manage all aspects of business like finanace, HR, manufacturing, marketing etc. Automation is biggest thing which is possible because of use of ERP systems. Many tasks of business have automated using this integrated software suite. ERP systems have simplified overall processes in small and medium size businesses.An ERP application can be a cloud based application or more specifically an Enterprize application suite consists of many application which can bring all processes data together and helps an organization for better project planning and do better reporting on organization's finanacial health. ERP systems when deployed in an organization can help to manage all the various resources of the organization without compromising the quality. This is the important factor in organization's overall growth. ERP system mostly provide the following things:

1) Real time managemnt and operations

2) Integrated application

3) A centralized common database for all business data.

4) support for all applications

5) Uniform UI across all components

ERP software systems gather all the data from various departments of business and analyse the data and gives proper reporting over it. This can help users of the ERP system to give proper idea of how the resources are being spent as well as the trend in growth of organization. Earlier it was difficult to manage all the data from various departments,merging the data to generate final reporting and then making decisions. Because of incorporation of ERP systems, the process is streamlined now and real time decision makes possible by checking the insights.

ERP systems have types based on their deployments, size of the organizations, functionality and business requirements. Types of ERP systems include Cloud based ERP systems, Premises based ERP systems, and HYbrid ERP systems.

On premises ERP softwares are used in company premises and installed on all hosts of the company with the control is at the servers of the company. All these ERP applications uses centralised server.

Cloud based ERP systems are hosted on cloud and all the data required by the organization are accessed by using an internet connection. Continuos support, training, customization in functionality are managed by the software providr.

Hybrid ERP systems includes both onpremises impolementations and cloud implementations of the software.

ERP systems can help many businesses. to run its activities efficiently. ERP system can help an easy communication between all the internal and external departments of the business, handling the data between them, tracking the progress and daily activities of a business.

Some Industries include:

1) Mechanical production industries

2) Food beverage industry

3) Pharmaceutical indusrties

4) Defence sector

5) Clothing industries etc.

ERP system should be implemented

1) when existing business functionalities are no longer useful.

2) The growth of business is not that much.

3) Security of the data is very poor.

4) Very complex processes and manual analysis is lagging.

Some key benifits of erp systtems are as follows:

1) Reduced business costs and increased efficiency.

2) Improves decision making with a true insight of processes.

3) Managing the compliance with standards and provide alerts when standards are violated.,

4) Reduced errors and free up the human time by automating the tasks.

5) Improved co-ordination and collabration between different business departments.

6) As the business grows, the ERP system can be scalable to handle the changes so that there will be no performance degradation.

Some of the top ERP system providers are as follows:

1) SAP:

SAP is well known ERP system and suitable any type of organization. The implementation process of SAp is lengthy little bit. SAP provides cloud solutions like aribra and hybris. SAP is very fast in terms of data retrival technology. SAp uses in memory, relational technology.It acts as an intermediary between software requesting data and the databases.

2) Oracle ERP cloud

Oracle ERP cloud is very beneficial for large enterprizes. Its netsuite product has many features which can help many businesses to achieve growth.  Oracle provides an integrated suite of financials, project management, risk management and enterprise performance management powered by machine learning and artificial intelligence. Netsuite ius best suitable for mid size fast paced businesses because of its functions like data analytics and powerful dashboards.

3) Microsoft:

Microsoft products are widely used in all type of businesses ranging from small to large businesses. If used microsoft cloud it will be helpful in terms of support and implementations. Microsoft provides cloud ERP systesm for small and medium businesses. Microsofts dynamic 365 ERP system is a purely SaaS. It is based on best practices of NAV GP and SL.

4) Infor:

Infor is a good ERP system used by many small and large organizations. It offers set of applications specific to industries. The Infor M3 can offer help for after-sales service providers.