7 ERP Package Manufacturers in 2023
This section provides an overview for erp packages as well as their applications and principles. Also, please take a look at the list of 7 erp package manufacturers and their company rankings.
Table of Contents
What Is an ERP Package?
An ERP package is an abbreviation for Enterprise Resource Planning.
ERP is based on a management method developed in the 1970s called Material Resource Planning (MRP).
First, MRP creates a production plan for a company based on the company's overall sales plan.
From that production plan, the amount of production required to achieve the sales plan is derived, and the necessary material requirements are further calculated.
In other words, the entire production activity can be controlled by a production plan and a bill of materials based on the sales plan.
Next, in the 1980s, MRP2 was developed to extend the scope of application of MRP beyond production activities.
In the 1990s, ERP expanded the scope of centralized information management from production and material management to overall business planning.
It can be said that ERP enabled business activities and management analysis based on integrated management planning.
Uses of ERP Packages
ERP is a system developed to integrate a company's core business operations such as accounting, production, sales, logistics, and human resource management, thereby centralizing information and making operations more efficient.
Many of a company's core business operations have been managed by separate systems introduced for each department, and information has been processed in independent databases for each department, because the information required by each department itself and the methods used to handle the information differ greatly.
However, when considered through the entire flow of a company's operations, the information must ultimately be integrated into the accounting operations, so in the end, all of this separate business information from these different departments is related.
In the past, it took a lot of time, effort, and cost to exchange payroll information for human resource management and purchase and sales information for sales management across databases for each separate department in order to reflect them in the accounting process.
ERP is used to coordinate and operate efficiently the disparate business management of these separate departments.
Principles of ERP Packages
A core system refers to the various systems that support a company's main business operations, and is generally referred to as a business system or back-office system, and is usually an independent system for each business operation.
The introduction of individual optimization software, which optimizes these systems for each separate department and each separate business, was once expected to be effective and attracted attention as a method to improve the business efficiency of each separate department, but now the problems of optimizing systems and software for each separate department have been exposed and have become even more serious.
However, the problem is even more serious today, as it exposes the problem of optimized systems and optimized software for each separate department.
In today's business world, where real-time, rapid, and accurate analysis of management data is critical, this can lead to significant losses.
In contrast, ERP packages integrate multiple mission-critical systems in advance, so from the beginning, the databases and master data are handled in a single integrated manner, eliminating the need for any linkage processing and enabling real-time, centralized data an environment for data linkage is in place from the start.
This not only eliminates the time and cost involved in exchanging data across different departments, but also enables the company's management to quickly and accurately obtain the information necessary to understand the company's business situation in real time, allowing them to make the best decisions necessary to improve management more accurately and more quickly than ever before.
Types of ERP Packages
There are two main types of ERP packages:
1. On-Premise ERP Packages
A server is installed in the company where the ERP packages are installed, and the system is built and operated in-house. On the other hand, the initial cost of purchasing the server and maintenance costs such as personnel expenses for maintenance must all be provided by the company, and costs tend to increase.
2. Cloud-Based ERP Packages
This type of ERP packages does not require a server at the company, but can be used over the Internet. can be shortened and initial and operating costs can be reduced. On the other hand, because an internet environment is always required, the system may become unavailable in the event of a network failure. In addition, since all information is managed on the Internet, it is necessary to consider the possibility of information leakage.
3. Hybrid ERP Package
There is another type of ERP packages called the hybrid type that takes advantage of the on-premise type and the cloud type, in which functions that contain important confidential information are operated in the on-premise type, and data that can be used in the cloud type without problems even if it is on the network.
ERP Packages Market Trends
As for recent trends in the ERP packages market, package license sales appear to be on the rise.
Some analysts believe that DX (transformation of operations and business through the use of digital technology) has been a driving force behind the market expansion, and ERP is being used more and more. In addition, last year, as telework and non-face-to-face work were recommended, the use of cloud-based ERP packages increased rapidly.
Although the downturn in business performance in various industries is expected to cause a temporary decline in the ERP packages market as well, it is said that the utilization rate of cloud-based ERP packages will reach more than 60 % by 2021, and the market for ERP-related services are expected to expand in the long run.
List of 7 ERP Package Manufacturers
*Including some distributors, etc.
Sort by Features
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- Company Size: largest first
- Year Founded: oldest first
- Year Founded: earliest first
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- United States of America
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Sage
Sage 100
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Acumatica, Inc.
Cloud ERP
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Orion Software
ERP
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1C LLC
1C:Enterprise
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Microsoft
Microsoft Dynamics 365
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ERP Package Manufacturer Ranking
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