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TOP 10 ERP MYTHS

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TOP 10 ERP MYTHS

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  1. Top 10 ERP Myths

  2. ERP is too expensive ERP is only for Big Business ERP only benefits executives and management ERP solutions are only used to impress customers One ERP solution fits all ERP, SCM, CRM and MRP are all the same ERP takes too long to implement ERP is an IT system and belongs in the IT department I don’t need custom ERP solutions On-Premise ERP solutions are outdated CONTEXT

  3. This is one of the most common misconceptions about custom ERP solutions. Although, the high-end and advanced ERP solutions are expensive. Myth #1: ERP is too expensive

  4. Myth #2: ERP is only for Big Business • Earlier, ERP software systems were only used by larger firms. But with the advanced technologies and the increased customisation features, small and mid-sized businesses can also use ERP.

  5. Myth #3: ERP only benefits executives and management • Yes, ERP offers real-time information which helps upper management in the decision-making process.

  6. Myth #4: ERP solutions are only used to impress customers • If implemented properly, the ERP associated system can impress the customer. But that’s not the only purpose of it.

  7. MYTH#5: One ERP solution fits all • While selecting ERP solutions, companies should focus on the business requirement.

  8. Customer relationship management (CRM), enterprise resource planning (ERP), manufacturing resource planning (MRP), and supply chain management (SCM) differ completely from each other and target different kinds of businesses. Myth #6: ERP, SCM, CRM and MRP are all the same

  9. Myth #7: ERP takes too long to implement • The time that is required to implement an ERP system depends on several factors such as customisation, size of the business, the expectation of management, and the number of users..

  10. Myth #8: ERP is an IT system and belongs in the IT department • Enterprise resource planning is a technology which requires input from all the department and involves ownership from hands-on worker to upper management.

  11. Myth #9: I don’t need custom ERP solutions • Most business owners think ERP solutions are not customisable. According to the report of Panorama, 91% of the companies ended up customising their ERP implementation.

  12. Myth #10: On-Premise ERP solutions are outdated • Cloud-based ERP systems are rapidly gaining popularity, which is the reason most people think ERP solutions are a technology of the past.

  13. THANKYOU https://www.noitechnologies.com

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