IntroductionEnterprise-wide system which integrates thebusiness functions and processes of an org Integration of business functions into one seamless app Replaces Countless Dept. & Workgroup Information Systems Usually runs on a RDBMS
Future Directions of ERP: There is an increasing demand for innovative applications like E- Commerce, SCM, and HR/Customer self services. ERP applications are complex, multi module suites of Business Management Software.
New Markets•Vendors are supplementing their direct sales force with resellerchannels.•Lowering entry price of the software to make it financially viable forSMEs.•Reduced Functionality.•Improving the Implementation methodologies for faster deployment.•Porting the products to platforms such as Microsoft Windows NT.
New Channels• SAP AG, Oracle, Baan are building reseller channels both in US & worldwide.• To reach smaller businesses, ERP software is made financially more attractive by lowering the entry price point for each module & by ramping up the Total Cost by basing the Price on User Licenses.• Oracle is offering software for middle market from companies such as Platinum Software & Great Plains Software.
New Business Segments• Variants of ERP to Service vertical markets.• Specialized areas such as SCM , CRM, Demand Forecasting, Sales Force Automation etc.• PeopleSoft bought Red Pepper Software to enhance its SCM offering.• Baan acquired Aurum Software for its CRM tools & also teamed up with Hyperion Software to strengthen its Financial Modules.
Current updates related with ERP……• 14th sept 2010: Wipro & Oracle join to make integrated lifecycle management solution.• 1st june 2011: Cloud ERP.• 28 july 2011: BITS Pilani Selects Oracle PeopleSoft Enterprise Applications to streamline its business processes.
Conclusion ERP systems allow companies to better understand their business. With ERP software, companies can standardize business processes and more easily enact best practices. By creating more efficient processes, companies can concentrate their efforts on serving their customers and maximizing profit.