Modern problems require modern solutions, a phrase that is ever relevant for businesses in a constant evolving technological landscape. With so many different options, businesses needed a solution that offer all the options in a single system. Enterprise Resource Planning (ERP) System is used to streamline and integrate data from across the whole company to one centralised system, that supports the whole enterprise. The Primary purpose of an ERP system is to enhance all aspects of key operations, that usually would be separated by legacy systems, into a coordinated centralised one. ERP system are usually designed in modules that specialise in different business processes while being fully cross-functional.
Reasons for implementing an ERP system:
Advantages on implementing an ERP system:
Choosing a specific ERP may seem difficult due to having multiple options, but this can be simplified using the tier process. There are 3 major tiers in ERP vendors. The first tier handles multinational companies, usually having over 1000 employees and revenue over a $1 billion dollars. Tier 2 vendors usually work well with small-to-medium-sized enterprises (SMEs). SMEs usual have between 250 to 1000 employees, with over $50 million in sales. Finally tier 3 venders work well with small companies with less than 250 employees and over $10 million in revenue. Depending on the size of the company, a suitable ERP can be found to increase efficiency, growth and revenue. iOM has years of experience and expertise in catering to the different tiers mentioned as a pioneer in the field of ERP implementations. Our expertise includes ERP Solutions by renowned Principles such as Oracle, Acumatica, Sage, Syspro and Infor.
Bradford, M. (2014). Modern ERP: Select, Implement, and Use Today's Advanced Business Systems (3rd ed.). Lulu.com.