Types of ERP Systems available
in the market
Enterprise Resource Planning (ERP) is a type of business management software that integrates various
business functions and processes into a single system. There are many types of ERP systems available in the
market, each with its own strengths and weaknesses. Some of the most common types of ERP systems are:
- On-premise ERP Systems:
On-premise ERP systems are installed locally on a company's own servers and maintained by their IT
staff. This type of ERP system provides complete control over the software and data, but requires
significant upfront investment in hardware and IT infrastructure.
- Cloud-based ERP Systems:
Cloud-based ERP systems are hosted on remote servers and accessed through the internet. This type of ERP
system is becoming increasingly popular due to its low upfront costs, flexibility, and ease of
deployment.
- Open-Source ERP Systems:
Open-source ERP systems are software programs that are freely available and can be modified and
customized by anyone. This type of ERP system is often used by small businesses or non-profits with
limited budgets, as they can be customized to meet their specific needs.
- Industry-specific ERP
Systems: Industry-specific ERP systems are designed to meet the specific needs of a
particular industry or sector. For example, there are ERP systems designed specifically for
manufacturing, healthcare, and retail.
- Hybrid ERP Systems: Hybrid
ERP systems combine the benefits of on-premise and cloud-based ERP systems. This type of ERP system
allows companies to keep critical data on-premise while leveraging the benefits of the cloud for other
functions.
- Mobile ERP Systems: Mobile
ERP systems are designed for use on mobile devices such as smartphones and tablets. This type of ERP
system allows employees to access data and perform tasks on the go, improving productivity and
efficiency.
Each type of ERP system has its own advantages and disadvantages, and
companies should carefully consider their specific needs and budget when selecting an ERP system.