ENTERPRISE RESOURCE PLANNING
Published Apr 22, 2022
By Elite Digital Team
Let’s briefly glance at its history
What makes the ERP system different?
In the previous times the ERP systems were monolithic, and it means that the systems didn’t have any communications with each other. The emergence of the need to have new ERP in place was based on the facts that each of the monolithic systems were very slow as each system was under the requirement of complex, expensive, and customized code that meets the unique business requirements making the process very much slow.
Why your business requires the ERP?
Core Parts that ERP can handle
Supply Chain Management
Few examples of ERP
Top 10 ERP Vendors
If we take a look through out the world then the ERP software vendors are in demand and the market share of the global ERP application market has increased to 33%. The vendors are aggregating the revenues to these software providers in terms of licence maintenance and their subscriptions. More precisely the ERP application market includes Financial Management ERP, Operations Management ERP and more.
The top 10 ERP vendors are: SAP, Oracle, Intuit Inc, FIS Global, Microsoft, ConstellationSoftware Inc, IQVIA, Cox Automotive, Infor, Sage. Mostly the firms like Walmart, Exxon Mobil, Apple, McKesson, CVS Health, AmerisourceBergen, Chevron, Ford Motor, General Motors, Costco Wholesale, Alphabet are using SAP S/4 HANA ERP, while Berkshire Hathaway uses Oracle ERP cloud, and AT&T uses SAP ERP ECC 6.0.