ERP System: The Basics of ERP

ERP System: The Basics of ERP

ERP System: The Basics

An ERP system is software used by companies to manage their operations. These systems help companies do everything from tracking inventory to managing payroll. They also allow companies to make better decisions because they provide real-time data. ERP system helps companies to streamline their operations and manage inventory, suppliers, customers, and employees more efficiently.

erp systems the basics

Why do businesses need an ERP system?

A business needs an ERP system if it wants to operate efficiently. Without one, a company will struggle to keep up with its daily tasks. This means that it won’t be able to meet customer expectations and will likely miss out on opportunities. ERP is like the backbone of a company. They are used by companies to collect information, keep track of finances, monitor customer interactions, manage inventory, and much more.

Types of ERPs

ERPs can be classified by the various characteristics:

  • Ready-made, custom-built or hybrid
  • A ready-made ERP is something that you can purchase readily off-the-shelf and would usually be simple enough to start using with the basic setup. Custom-built is a solution that is tailor-made to suit specific requirements and may be built from scratch or built on core technology. Hybrids are a mix of ready-made and custom-built and are favored by most companies as they offer a cost-effective yet flexible method to get an ERP solution to fit their needs.

  • Cloud-based or on-premise
  • A cloud-based ERP is hosted on servers and can be accessed over the internet via a browser. This is a popular option due to its low entry cost, cost savings from not requiring additional hardware, and affordable monthly subscription fees. On-premise ERP would require a one-time perpetual license cost which may be a huge investment up front and additional hardware and IT, specialist, to maintain the system.

  • Different tiers of ERP
  • ERPs are also differentiated by tiers, that are dependent on the size, revenue, and complexity of the business. Small businesses may require a lightweight ERP without the full suite of functionalities and is priced affordably such as SAP Business One Starter Pack. Midsized companies may require an integrated system with automation and predictive analytics to boost efficiency. Enterprise ERPs cater to complex businesses with multiple location requirements and are customisable to fit specific requirements.

Benefits of Using an ERP

ERP systems can help companies be more efficient, save cost, and improve visibility. Below are the key benefits of ERP:

  • Streamline business processes
  • Automate tasks to eliminate error and save time
  • Optimise utilisation of resource
  • Improve individual and organisational productivity
  • Improve visibility of inventory and supply chain
  • Provide better services to customers
  • Uncover new opportunities by utilising data
  • Leverage the use of AI & ML for predictive analytics

Implementation Tips

The first step in ERP implementation is to define your company’s requirements and expectations.

  • Features and functionalities
  • Departments using the system
  • Total users and type of users
  • Budget
  • Timeline

It may be helpful to prepare an RFP (Requirement for Proposal) document so that it will be easy for your ERP partner to work on your requirements. Your partner will be able to help you with your requirements, share with your the best practices, and also advise you on the total investment required.

At MicroChannel, we have assisted companies in various industries in ERP implementation and would be happy to help you out. Reach out to us below or check out our ERP Buyers’ Guide to kickstart your ERP journey.

  • erp buyers guide

    Build up your knowledge of ERP functionality, emerging technology and industry insights with the 2022 ERP Buyers’ Guide. Save time and effort by getting things right the first itme with trusted ERP advice.

    Read Now

  • SAP Business One is an affordable Enterprise Resource Planning (ERP) software designed for small to midsize businesses. As a business management solution, SAP B1 streamlines business processes, provides real-time information, and help boost overall business performance. The solution covers finance, sales, customer relationship, purchasing, procurement, inventory and manufacturing in one centralised system, enabling accurate and precise information retrieval that assist in reporting, forecasting and analysis.

    sap business one modules

    SAP B1 Modules:

    • Accounting
    • Sales
    • Warehouse & Production
    • Purchasing & Procurement
    • Inventory & Distribution
    • Reporting & Admin

    Read More on SAP Business One

Leave a Reply

pga77 pga77 slot suster123 kijangwin ladangtoto rajatogel slot-gopay kakek zeus scatter-hitam scatter-hitam kijangwin suster123 scatter-hitam slot taiwan slot-gopay hoki99 slot linkaja slot ovo nenektogel gasing777 tumi123 bento123 fendi188 gasing777 66kbet scatter-pink scatter-hijau ladangtoto ladangtoto gudangtoto rajatogel nusantara4d ladangtoto scatter-hitam slot-bsi scatter-hitam ladangtoto slot-bri pga77 slot-goceng slot-10k opaltogel scatter-hitam jp188 ladangtoto slot-linkaja slot-cimb slot-gopay slot77 sbankjago sbca slot-qris ladangtoto slot-dana idnslot slot-mandiri slot-maybank ladangtoto scatter-hitam ultra889 sumseltoto medantoto rajampo raja88jp indoslot88 asiatoto88 mpltoto wajik777 tumi123 kembangtoto alexistogel mawartoto rajatogel wajik777 madu303 mpo888 sikat88 gucitoto pga77 pga77 ladangtoto olx188 gacor88 ayah4d pga77 pga77 gemilang4d ladangtoto petir388 kembangtoto sikat88 ying77 slot212 texas88 slot138 rp888 rumah258 cuan88 slot-bonanza scatter-hitam slot-dana kakek-merah rajampo lampung4d alay4d jambitoto manadototo binjaitoto pajaktoto popotogel 888slot jacktoto kaskustoto keitogel laku77 wing4d bostoto laetoto afktoto rudaltoto ojktoto pga77 rajagacor olxslot rajatogel jacktoto bento4d kaskustoto pga77 preman69 mpo808 mpoxtra838 rajatogel rajagacor ladangtoto asiatoto tumi123 olx188 bro138 galaxy77 asiatogel88 gacor88 rajatogel slot77 padangtoto rasa4d sdtoto omtogel ltdtoto dentoto rupiahtoto gacor88 pgbet slot-thailand mawartoto rajatogel rajatogel rudaltoto mawartoto topjitu toto188 mom4d 888slot sdtoto angkasa168 hondatoto 888slot bro138 scatter-hitam slot-zeus kaskustoto rajatogel tumi123 mustang303 api5000 senja777 super33 dewanaga89 hokibet dewa234 sizi99 cuanwin77 liga2000 88mega popi99 bento123 macauslot 888slot hoki178 jackpot108 gadunslot gacor88 king999 rajampo big777 kedai69 rp888 rajapaito ladangtoto rajatogel gtr11 slot99bet alba88 stars77 mangga2bet klik88 rans288 fin4d ceriabet leoslot88 agen108 dewasurga88 dragon222 gacorbos88 medusa88 pga77 pga77 pga77 surgawin homebet88 bento4d pga77 pga77 jago777 sgpslot api88 m77casino m77slot rajatogel bento4d m77casino m77slot hoki178 rudaltoto wajik777 gacor88 rajampo ladangtoto pga77 juragan69 texas88 mahjong69 galaxy77 pga77 hebat303 pga77 pga77 ladangtoto asiatoto inatogel toto88 jacktoto robintogel ladangtoto pga77 888slot wajikslot olx188 olxslot inatogel pga77 gacor88 pga77 bento4d robintogel asiatoto dewatoto gacor88 888slot slot-zeus slot-dana pga77 pga77 zodiak69 licin4d pga77 888dewa asian303 888slot indosultan88 slot-zeus Slot-Mahjong 66kbet rumah258 ying77 betseru pga77 scatter-hitam jayagaming lido88 hoki178 batik77 medusa88 duniabet303 royaltoto indosultan88 wdbos 888slot 888dewa wajik777 royaltoto wdbos gacor88 raja328 planet77 dewi188 slot-zeus slot-dana dewihoki fendi188 hoki178 batik77 pga77 naga138 robintogel surga55 pga77 slot-maxwin rajampo pga77 lotte4d 888slot pga77 angkasa168 pga77 cermin4d bento4d pga77 toto88 operatoto gacor88 olx188 m77casino m77casino pga77 pga77 888slot api5000 pga77 pga77 m77casino pga77 juragan69 pga77 presidenslot bighoki alexabet88 g200m m77casino mentari138 hoki178 olympus88 mega55 pga77 pga77 royaltoto panen77 pga77 garuda4d pga77 royaltoto sultantoto pga77 aksara4d arwanatoto bobatoto pga77 gacor88 m77casino 888slot 66kbet sritoto m77casino iramatogel mantra88 ajaib88 pga77 dewaslot88 pisang123 pga77 pga77 gas138 olx188 muara777 gacor88 dewaslot99 royaltoto pusat4d bos5000 pga77 888slot scatter-hitam pga77 sdtoto wis77 pamanslot meme4d diana4d prada4d neko4d angsa4d sinar777 brio4d pga77 okgas21 scatter-hitam slot-bonanza 98toto kingdomtoto direkturtoto rupiahtoto pga77 pga77 wongtoto akartoto kompastoto sultantoto gacor88 sumbartoto planet4d ngamenjitu 888slot royaltoto pga77 dorahoki pga77 pga77 pos4d djarumtoto kenzototo jejuslot mega777 royaltoto nirwana88 pga77 888slot pga77 pga77 palu4d royaltoto rogtoto omtogel Slot-Mahjong pga77 slot-demo pga77 slot-maxwin slot-zeus shitam sthailand pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 888slot pos4d pga77 m77casino pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 royaltoto sultantoto pos4d api5000 888slot pga77 pga77 m77casino pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 pga77 888slot gacor88 royaltoto pos4d 66kbet ying77 rajapaito pga77 pga77 gacor88 scatter-hitam pga77 scatter-hitam pga77 pga77 pga77 pga77 pga77 pga77 888slot pos4d sultantoto royaltoto