The efficiency and benefits of the ERP system are beyond doubt and many business organizations are rapidly implementing this software package to mitigate new heights and profitability. Since the release of ERP from the MRP software, advanced features such as e-commerce and other net services have been growing rapidly in the market. Although the use of ERP is mostly limited to large business organizations, small and medium-sized organizations are also joining the band to deliver versatile software. The flexibility offered by ERP through various customized modules has broadened its acceptability.
ERP will continue to dominate not only the operation and functions of manufacturing organizations, but also other service organizations. The concept of ERP II is being considered seriously, which will soon become more advanced.
first The future ERP software package means greater use of Internet 2.0 and Web2.0 tools. In this area, Microsoft's data-driven web technologies are gaining popularity in the market. Online Internet data updates are very convenient, so customers are more inclined towards web services. Such ERP packages always update customers with the latest information on the changing business scenario through the online automated data update system. It also sends online alerts to business partners, regardless of where they are located anywhere in the world. The provision for integrating business partners is also included in the package.
2nd The cost of installing the ERP package will be significantly reduced in the future as hardware and software tools have been significantly reduced in recent years. This will encourage small and medium-sized enterprises to implement ERP, and manufacturers will be able to make the market better by introducing the state-of-the-art features by introducing the optimum cost of the market.
3rd The latest introduction of ERP SaaS has become one of the most cost-effective implementation of ERP where customers can access the benefits of the software through the Internet server that the vendor uses in the geographic location on a pay-by-pay basis. Seller sells multiple clients over the Web server, and customers pay for the server. Experts believe that in the future, the SaaS ERP will gain a significant market share as it eliminates all customers' problems, reducing total operating costs.
Taking into account the benefits of SaaS technology, key ERP players such as SAP, Oracle and Microsoft are intensive researching and designing new models for SaaS ERP.