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.