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 ModulesERP 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. Some of the more common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR.
Think of ERP as the glue that binds the different computer systems for a large organization. Typically each department would have their own system optimized for that division's particular tasks. With ERP, each department still has their own system, but they can communicate and share information easier with the rest of the company.
ERP VendorsDepending 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: EnterpriseApps Today; Enterprise ERP Buyer's Guide: SAP, Oracle and Microsoft; Drew Robb).
Midmarket ERP (ERP Tier II)
For the midmarket vendors include Infor, QAD, Lawson, Epicor, Sage and IFS. (Source: EnterpriseApps Today; Midmarket ERP Buyer's Guide; Drew Robb).
Small Business ERP (ERP Tier III)
Exact Globe, Syspro, NetSuite, Visibility, Consona, CDC Software and Activant Solutions round out the ERP vendors for small businesses. (Source: EnterpriseApps Today; ERP Buyer's Guide for Small Businesses; Drew Robb).
List of ERP software packages :
|Top 5 Hosted ERP|
- Microsoft Dynamics
- Apache OFBix/opentaps
- Government / Public Sector
- Membership Management
- Process Manufacturing
- Professional Services
- Retail and E-tail
- Project Accounting
- Data Warehousing/OLAP
- Point of Sale (POS)