Definition
of 'Enterprise Resource Planning - ERP'
A process by which a company (often a manufacturer) manages and
integrates the important parts of its business. An ERP management information
system integrates areas such as planning, purchasing, inventory, sales,
marketing, finance, human resources, etc.
ERP software typically consists of multiple enterprise
software modules 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 business scan use ERP software to manage
back-office activities and tasks.
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: Enterprise Apps Today;
Enterprise ERP Buyer's Guide: SAP, Oracle and Microsoft; Drew Robb)
Mid Market ERP (ERP Tier II)
For the midmarket vendors include Inform, QAD, Lawson, Epic or,
Sage and IFS. (Source: EnterpriseAppsToday;
Midmarket ERP Buyer's Guide; Drew Robb)
Small Business ERP (ERP Tier III)
Exact Globe, Sys pro, 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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