Podcast
Questions and Answers
Which of the following is NOT a characteristic of a Tier 1 ERP vendor?
Which of the following is NOT a characteristic of a Tier 1 ERP vendor?
Which of the following is an example of a Tier 2 ERP vendor?
Which of the following is an example of a Tier 2 ERP vendor?
Which of the following is NOT a key characteristic of an ERP system?
Which of the following is NOT a key characteristic of an ERP system?
Which of the following represents the evolution of ERP systems over time?
Which of the following represents the evolution of ERP systems over time?
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Which of the following is a key benefit of cloud-based ERP systems?
Which of the following is a key benefit of cloud-based ERP systems?
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What is the primary difference between open source and commercial ERP systems?
What is the primary difference between open source and commercial ERP systems?
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What is the key difference between MRP II and ERP systems?
What is the key difference between MRP II and ERP systems?
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Which of the following is a key characteristic of extended ERP (ERP II) systems?
Which of the following is a key characteristic of extended ERP (ERP II) systems?
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Which of the following is a key advantage of open-source ERP systems over commercial ERP solutions?
Which of the following is a key advantage of open-source ERP systems over commercial ERP solutions?
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How have cloud-based ERP systems impacted the evolution of ERP systems?
How have cloud-based ERP systems impacted the evolution of ERP systems?
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What was the primary focus of MRP II systems before the evolution of ERP?
What was the primary focus of MRP II systems before the evolution of ERP?
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How did the traditional view of business processes differ from the enterprise view introduced by ERP systems?
How did the traditional view of business processes differ from the enterprise view introduced by ERP systems?
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What is the main difference between Manufacturing Resource Planning (MRP) systems and Enterprise Resource Planning (ERP) systems?
What is the main difference between Manufacturing Resource Planning (MRP) systems and Enterprise Resource Planning (ERP) systems?
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What characterizes Open Source ERP solutions compared to commercial ERP solutions?
What characterizes Open Source ERP solutions compared to commercial ERP solutions?
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What major technological advancement led to the development of Cloud-based ERP systems in the 2010s?
What major technological advancement led to the development of Cloud-based ERP systems in the 2010s?
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How do Open Source ERP solutions differ from Cloud-based ERP systems?
How do Open Source ERP solutions differ from Cloud-based ERP systems?
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What is a key feature of Business applications delivered as a Software as a Service (SaaS) model in Cloud-based ERP systems?
What is a key feature of Business applications delivered as a Software as a Service (SaaS) model in Cloud-based ERP systems?
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In the context of ERP evolution, what does integrating with CRM systems and HR systems signify?
In the context of ERP evolution, what does integrating with CRM systems and HR systems signify?
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Study Notes
Enterprise Resource Planning (ERP)
- ERP is a cross-functional integrated backbone that integrates and automates business processes.
- Examples of ERP systems include Oracle, SAP, and Microsoft AX.
ERP Market
- ERP vendors can be organized into three tiers based on characteristics such as complexity, cost of ownership, and industry solutions.
- Tier 1 vendors have high complexity, highest cost of ownership, and offer many industry solutions for large global companies.
- Tier 2 vendors have medium complexity, medium cost of ownership, and offer fewer industry solutions for mid-market companies.
- Tier 3 vendors have limited functionality, lowest cost of ownership, and offer fewest industry solutions for small to mid-sized companies.
ERP Vendors
- Sample ERP vendors include:
- Tier 1: Oracle, SAP, Microsoft AX
- Tier 2: abas, CDC Software, Epicor, Fujitsu, Infor, NetSuite
- Tier 3: Consona, exact, Americas, Expandable, SYSPRO, Microsoft NAV, SAP Business All-in-One
ERP Vertical Solutions
- ERP vendors offer industry-specific versions of their software, known as vertical solutions.
- Examples of vertical solutions include:
- Aerospace and Defense
- Industrial Manufacturing
- Automotive
- Insurance
- Chemicals
- Media and Entertainment
- Natural Resources
- Consumer Goods
- Oil and Gas
- Education and Research
- Professional Services
- Engineering and Construction
- Public Services
- Finance
- Retail
- Travel and Transportation
- Health Sciences
- Utilities
History of ERP
- 1960: Inventory Management and Control
- 1970: Material Requirements Planning (MRP)
- 1980: Manufacturing Resource Planning (MRP II)
- 1990: Enterprise Resource Planning (ERP)
- 2000: Extended ERP
Integrated Data Processing with ERP Systems
- ERP systems integrate and automate business processes, including inventory management and control.
Evolution of ERP
- Further developments in ERP have led to the evolution of extended ERP (ERP II) and cloud-based ERP.
- Extended ERP enables interaction with other application suites, such as CRM systems and HR systems.
- Cloud-based ERP systems are delivered as a Software as a Service (SaaS) model and are accessible through APIs.
Open Source ERP
- Open source ERP systems have evolved to cater to the needs of small and medium-scale businesses.
- Open source ERP systems offer low-cost implementations and customization possibilities.
Difference between Open Source ERP and Commercial ERP
- Open source ERP systems allow customization of code and rewriting of code, whereas commercial ERP systems do not allow code editing.
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Description
Explore the evolution of Enterprise Resource Planning (ERP) systems and Human Resource Information Systems (HRIS) in the context of E-ERP technology. Learn about integrating with CRM and HR systems, and how the internet and World Wide Web are utilized for organizational functions. Dive into case studies like IBM's historic turnaround and design your own shoe with Nike ID.