ERP software has its foundations in the manufacturing industry since the nineties wherein the ERP application were utilized for manufacturing resource planning (MRP). Still, ERP has developed itself to cover all the crucial activities of a business, no matter which industry sector it has been implemented. Now, both public and private sector use ERP for their core business operations in some or the other form. ERP applications tend to be compatible in nature, sharing significant business information which is controlled by a centrally located database.
ERP software still stay fundamental in the present business setup which allows quick and effective decision making. Numerous organizations are taking up ERP software solutions for accomplishing operational excellence without realizing that it is in a state of constant change, which implies that the fate of ERP is probably going to be influenced by upcoming technology and social patterns. However, ERP users can avail benefits if they adopt new ways to innovation.
What trends can be looked in an ERP System?
Enterprise Resource Planning (ERP) has lot to benefit from accepting an open way to new technological changes and innovations. Here are some trends that can shape the future of ERP, if it is implemented correctly:
1.Big Data :
Organizations have turned out to be more subjective to IT and, therefore, they have aggregated lots of information that has been normally underutilized. By using analytical devices, organization can start to utilize this information to make accurate forecasts that will help in proposing business strategy.
2.Cloud ERP :
Cloud ERP will proceed to rise and will be largely acknowledged with most ERP systems. Decreased expenses in capital uses and IT resources, enhanced flexibility and maintenance, and in addition improved security and failure improvement will make the cloud attractable to all organizations.
3.Acceptance of ERP software by small and mid-sized business :
With expanded ease of use and cloud arrangement choices, small and mid-sized businesses will look for the additional value of an ERP system. Decreased cost to adopt and implement ERP will make it a suitable asset for organizations of all sizes.
4.Mobile ERP Accessibility :
The organizations employees, executives always need real-time access to various information at any given place and time, either its workplace or on site. Therefore, it is believed that organizations will start accepting the Mobile ERP to deal with ERP reports, dashboard in real time to perform quicker decisions.
5.Social Media Trend :
Number of ERP merchants have seen the value of web-based social networking and have integrated it into their systems. They even have made their user interface like the well known social media channels where the client and the vendor can have live interaction about ERP. Sales, Customer Service and Marketing can interface with clients and customers allowing for purposeful marketing activities and increased brand loyalty.
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