Since you are into this article, you would have got few scenarios about ERP and its function. So, you will be now clear with what is ERP actually and it is time to read its types. As ERP is the vast field of software, it groups various functions for each enterprise. The factors that affect each type understanding are its dynamics and diversity functionalities. Thus, each type is grouped by the functional level, deployment and business size found within the software. To categories each types, ERP is grouped into various functionality factor and they are explained below.
- Generalist ERP – Mostly every cloud and legacy ERP software are generalists and it adapt with the process within industry. The solutions found within the customization usually integrate and match along variety of requirements. It is given to large market because of all these functionalities and the vendors too prefer this kind of software. A suitable of this kind of ERP is microsoft dynamics. This includes every function that an enterprise requires.
- Open source ERP – It is also similar to generalist ERP which is fragmented to tiny modules. This is available free of cost and mostly flexible in nature and the teams prefer it for the development of integration and the customized process.
- Vertical ERP – It is a niche specific kind and it can only be used within start up and small companies. It is specific with niche like super market distribution, retail fashion or constructions.
- Small business ERP – This is a suitable choice for small business that works with integrated modules and the flexibility is obviously wonderful in the chain management. This is actually referred to the lightweight ERP management.
Along with all these types, people need to be clear with their types and the works that it holds within enterprise. Every ERP is fully integrated with specific purpose and that can be analyzed with key business processes. Most of the modules contains following functions.
- Financial management
- Sales and marketing
In addition to these factors, there are various basic functions that are usually more advanced through each ERP platform. This mostly includes business intelligence and various other e-commerce processing.