Types of ERP available 1. Custom ERP: It is built by your chosen ERP development company according to your exact requirements. 2. Ready-made ERP: A ready-made or off-the-shelf ERP is a pre-built ERP software package. 3. Cloud-based ERP: A cloud-based ERP is a system hosted on a vendor’s servers that can be accessed over the internet. 4. On-premises ERP: On-premise ERP software is installed on an organization’s own computers and servers. 5. Hybrid ERP: Certain vendors offer a hybrid ERP option, which is a combination of on-premises software with a private or public cloud for storage, services, or computing. 6. Generic ERP: Generic ERP software provides a wide range of functionality for organizations across multiple industries. 7. Industry-specific ERP: Industry-specific ERPs, also known as vertical ERPs, are tailored to a niche industry, like professional services or distribution.