Understand information system evolution and role of erp system in business

Secondly, erp system components and architure along with its pro and cons. How erp
ameliorate effecciency and productivity of workers

3rd part . we will discuss execution process. people, vendors, consultants, and the
organization in making the ERP implementation process successful.

What are the security loopsholes in erp systems and its trend in market

Many mid-size businesses think the three ERP tiers equate with Good, Better, Best
accordingly.  They believe that a Tier 1 brand name gives you bragging rights, but at
what cost? In this case, more expensive is not necessarily the best.  Total Cost of
Ownership (TCO) is high for a Tier 1 ERP. Think of it like owning a big house: your
bills are bigger when you have more rooms to heat and cool, taxes would be more, and
your maintenance would be higher. While those expenses also go up, you’re not getting a
lot more for the price. The same holds true for ERP systems, in which TCO is dependent
on complexity.

But choosing the least expensive system also might not be the most economical –
particularly if you wind up accessorizing the solution with a multitude of spreadsheets.

When you don’t buy a powerful enough solution, you may wind up unable to do what
you need to run your business, and inefficiency runs rampant. You may find yourself
creating so many spreadsheets outside the system that you are essentially manually
tracking everything. 

We have heard of companies using 90 different spreadsheets to run their business. If Tier
1 ERP could equate to living in a 30 room castle, then Tier 3 is like squeezing all your
stuff into a studio apartment.

Consider the three ERP tiers. Don’t wind up trying every bed, every chair, and every
bowl of porridge before you settle into the one that’s just right.
ERP TIER 1 Software Solutions
The ERP Tier 1 solutions are basically SAP and Oracle.

They are designed to service the needs of Fortune 1000 companies, which for the most
part are complex, large businesses that have many departments and global locations. a
wealth of features at a pretty high price.

ERP TIER 2 Software Solutions

ERP Tier 2 systems fit well with mid-size companies.

They can have a single or multiple locations.  Generally the needs are less complex than a
billion dollar enterprise, but the level of complexity does vary quite a bit in this group. 
Because of that, you can find several vertical market players in the Tier 2 category. 
These are developers that have focused on the complexity of only one very specialized
industry.

Choosing a highly verticalized solution like this may work well for your business since it
is tailored almost perfectly to your industry, but you should still exercise caution.  The
more verticalized an ERP system is, the smaller the market is.  This makes them more
financially vulnerable and they become likely takeover candidates for more fully featured
ERP manufacturers.  Check the financial stability of highly verticalized ERP systems to
make sure that they are around for the long term.

More horizontal ERP Tier 2 systems tend to be financially stable and often have third-
party enhancements that make up for missing complexity out of the box.  They can be
installed and supported by local partners and offer a lower TCO. Total Cost of
Ownership

ERP TIER 3 Software Solutions

At the lowest cost level, you’ve got Quickbooks and Sage 50, formerly known as
Peachtree. These products do not offer the functionality of Tier 1 and 2 solutions, and
may not even qualify as ERP systems. You’re getting basic accounting abilities with
these small business tools.
Small businesses or businesses running a vertical line of business (LOB)
Vertical markets, or "verticals," are business niches where vendors serve a specific
audience and their set of needs. ... By contrast, a horizontal market has a focus that
reaches a wide array of individuals, regardless of their industry or particular niche.
application with weak accounting benefit from using a Tier 3 solution.  They have a low
TCO and are easy to implement.  There is risk that a growing company will quickly
outgrow this type of solution, but most Tier 3 companies have some sort of data
migration capabilities from these systems.

What is sap
SAP SE is a German multinational software corporatio
AbAp lanaguge
1 april 1972

Lawson

Owned by us2million dollars in 2011 by infor

Epcior
picor provides enterprise resource planning (ERP). Epicor also provides customer
relationship management (CRM), supply chain management (SCM), and human capital
management (HCM) software to business customers in both Software as a Service
(SaaS) and On-Premises deployment model