ERP represents Enterprise Resource Planning. Yet, what precisely does that mean? ERP software refers to software that helps you with maintaining your whole business. It integrates the core process of an organization in one spot. These processes include finance, accounting, HR, supply chain, production network, services and manufacturing among others. The software generally functions in real-time. It utilizes a typical data set for every one of its activities. Different computer hardware and network setups run such systems. Basically, an ERP is a kind of management software.
What are the types of ERP?
Enterprise Resource Planning Software can be categorized on the following three bases:
The range of ERP software solutions refers to which aspects of a business it can cover. These are classified into two types:
The scope of ERP software refers to which parts of a business it can cover. These are arranged into two kinds:
2. Installation and Maintenance
This takes into consideration where you need to introduce the product and how you plan on keeping up that further. The two sorts are as per the following:
3. Size of targeted business
As per the size of your business, you can classify ERP frameworks into the following types:
How to choose the right ERP for small business?
First and foremost, you need to understand the kind of ERP system that suits your business. Among every one of the sorts you have run over toward the start of this article, following are the most appropriate for your small business.
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