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Enterprise Resource Planning (ERP): Companies and Solutions 2014

Enterprise Resource Planning (ERP): Companies and Solutions 2014

Enterprise Resource Planning (ERP) solutions are typically manifest in software architecture that facilitates the flow of information among different functions within an enterprise. Leading ERP solutions catalyze information sharing across organizational units and geographical locations, enabling decision-makers to have an enterprise-wide view of the information needed in a timely, reliable and consistent fashion.

This report provides analysis of leading ERP companies and solutions with evaluation of key strengths and weaknesses of these solutions. This report begins with an evaluation ERP including its use in many enterprise functions. The report assesses the ERP solution selection process as well as risks and challenges of an ERP system implementation/operations. The report also provides a view into the future of ERP.

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Representative Companies/Solutions in Report:

  • ACUMATICA
  • IFS
  • LAWSON
  • MICROSOFT DYNAMICS
  • QAD
  • SAGE ERP X3
  • SAP
  • SYSPRO
  • XTUPLE
Target Audience:
  • Exporters, Importers and Traders
  • Regulatory and Policy Individuals
  • Associations and Technology Groups
  • Government and International Bodies
  • Business and Financial Institutions
  • Corporate and Institutional Investors
  • Lawyers, Bankers, Libraries, Embassies
  • Patent Offices and Technology Executives
  • Venture Capitalists, Consultants and more


General Methodology

Mind Commerce Publishing's research methodology encompasses input from a wide variety of sources.

We rely heavily upon our Subject Matter Experts (SME) in terms of their market knowledge, unique perspective, and vision. We utilize SME industry contacts as well as previous customers and participants in our market surveys and interactive interviews.

In addition, we rely upon our extensive internal database, which contains modeling, qualitative analysis, and quantitative data. We review secondary sources and compare to our primary sources to update previous findings (for prior version reports) and/or compile baseline information for technology and market modeling.

We share preliminary models with industry contacts (select previous clients, experts, and thought leaders) to verify the veracity of initial modeling. Prior to final report production (analysis, findings, and conclusions), we engage in an internal review with internal SMEs as well as cross-expertise, senior staff members to challenge results.

We believe that forecasts should be prepared as part of an integrated process which involves both quantitative as well as qualitative factors. We follow the following 3-step process for forecasting.

Forecasting Methodology

Step 1 - Forecasts Input: The inputs for the present and historical revenues are derived from industry players. Financial and other quantitative data for individual sub-market categories are derived from original research and tested with interviews with major industry constituents.

Step 2 - Forecasting of Future Years: Mind Commerce extends forecasts based on a variety of factors including demand drivers as well as supply side data. Key success factors and assumptions are considered.

Step 3 - Validation of Data: The final step is to validate projections, which is accomplished in consultation with both internal and external industry experts, including both topic and regional experts. Adjustments are made to the forecasts based on factors identified throughout this process.


ENTERPRISE RESOURCE PLANNING
OVERVIEW OF ERP
WHAT IS ERP?
ERP MODULES
ERP Supply Chain Management
ERP Customer Relationship Management
ERP Product Lifecycle Management
ERP Human Capital Management
ERP Warehouse Management
ERP Asset Management
ERP Financial Management
ERP Order Management
ERP Project Management
ERP Inventory Management
SELECTING AN ERP SOLUTION
Structured Approach
Realistic and Comprehensive Demonstrations
An Objective Selection
Customizability
Technical Fit
Calculate the total cost of ownership
Reporting
Interface with vendor and client systems
Security
DEPLOYMENT OF ERP SOLUTION
RISKS AND CHALLENGES OF ERP SYSTEM
IMPROPER USE OF TECHNOLOGY
INABILITY TO CONTROL TECHNOLOGY
INABILITY TO TRANSLATE USER NEEDS INTO TECHNICAL REQUIREMENTS
ILLOGICAL PROCESSING
INABILITY TO REACT QUICKLY
CASCADING OF ERRORS
REPETITION OF ERRORS
INCORRECT ENTRY OF DATA
CONCENTRATION OF DATA
INABILITY TO SUBSTANTIATE PROCESSING
CONCENTRATION OF RESPONSIBILITIES
UNCONTROLLED SYSTEM ACCESS
INEFFECTIVE SECURITY PRACTICES FOR THE APPLICATION
PROCEDURAL ERRORS WITHIN THE IT FACILITY
PROCEDURES AND CONTROLS
STORAGE MEDIA HANDLING
OPERATING SYSTEM FLAWS
COMMUNICATIONS SYSTEM FAILURE
ACCIDENTAL FAILURES
ERP COMPANIES AND SOLUTIONS
SAP
Strengths and Weaknesses
QAD
Strengths and Weaknesses
SYSPRO
Strengths and Weaknesses
ACUMATICA
Strengths and Weaknesses
XTUPLE
Strengths and Weaknesses
LAWSON
Strengths and Weaknesses
IFS
Strengths and Weaknesses
SAGE ERP X3
Strengths and Weaknesses
MICROSOFT DYNAMICS
Strengths and Weaknesses
ERP TRENDS AND FUTURE OUTLOOK
1. CRM FIRST AND ERP FOLLOWS
2. BUSINESS INTELLIGENCE GUIDES ACTION
3. ERP MARKET CHANGES
4. MERGERS AND ACQUISITIONS
5. TWO TIER ERP
6. WEB ERP
7. TIME TO OVERHAUL
8. VERTICAL SPECIALTIES
9. ROI MATTERS
10. MOBILE ERP

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