ERP implies Enterprise Resource Planning which is widely used for managing the internal operation of a business so that you can automate, integrate and store all of your company resources, functions, and data in a single location.
ERP helps a lot to evaluate and share data in multiple departments. So if you enjoy and deploy ERP systems in your business, you will get numerous benefits from it.
Different types of businesses and companies need different types of ERP systems. You will find various ERP systems in the market, but you need to choose the right one for your company.
You need to know what you want for your business and select the ERP system based on your demand. But sometimes, it is indeed difficult to choose the ERP system without using it.
So here go the types of ERP systems for different types of business.
General ERP Systems:
General ERP system is a Cloud-based supplier with the advantage of tailoring business requirements. That means you can customize specific applications according to your requirements and needs.
General ERP systems are not made for specific industries. It is extremely made for specialized applications with a general approach, but one can start with the ERP system and benefit by customizing it.
Industry-Specific ERP system:
Business-specific or industry-specific ERP system is known as vertical ERP too. This ERP system is expensive yet smaller but customized for specific businesses such as retail or construction.
It can provide customized solutions to a specific business or be a general industry system.
ERP systems for small businesses:
Small businesses do not have the same requirement as large corporations because their operation is small. So, ERP systems for small enterprises are designed in such a way to be more effective and affordable for small firms.
This type of ERP system supports a few users and a limited amount of data by removing some modules, making them less expensive.
Each ERP system has pre-installed modules. The systems include the following vendors:
- Supply chain management
- Document control
- Project management
- Human resources
- Financial management
- Employee database
So, you can choose either general software or customized industry-based software based on your business requirement. Before selecting the ERP system, you need to set the goal and task requirements. When you are clear about your business vision, the ERP system will function more accurately.