5/28/2018 ERP Unit 15 Future Directions in ERP PPT Final
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Program : MBA
Semester : IV
Subject Code : MI0038
Subject Name : Enterprise Resource Planning
Unit Number : 15
Unit Title : Future Directions in ERP
Lecture Number : 15
Lecture Title : Future Directions in ERP
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Future Directions in ERP
Objectives :
To study the future directions of the ERP market.
To analyse the market trends that shape the future products of ERP.
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Lecture Outline
Introduction
New Markets
New Channels
Faster Implementation Methodologies
Business Models
Factors for Choosing Application Platforms
New Business Segments
Summary
Check Your Learning
Activity
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Introduction
The future focus of the ERP vendors is to develop a single applicationthat can monitor all the business functions.
The vendors are adding more features to their products and neweradvanced applications are integrated to the existing packages.
Vendors are increasing investment in futuristic and innovative Front-Office applications such as electronic commerce, and supply-chain andHR/customer self-service.
Vendors are developing effective ERP implementation methodologiesbased on industry experience gained over many years. These
methodologies aim not only to save the overall cost of the systemimplementation, but also provide a faster time-to-benefit.
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New Markets
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ERP has a very large and rapidly growing national and global demand.
The demand is not only by large organisation but mainly the mid and
small scale organisations.
ERP has occupied its place in every manufacturing industry, at the
same time it has grown beyond the expectation.
It has proven its importance in every sector like retail, health care,
and so on.
ERP has not only ventured into private sector but it has its presence in
the public sector also.
Market growth is expected to come from software that enables
companies to link up their back offices with those of partners,
automating a process which is largely done via human contact such as
procurement officers.
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New Channels
To provide complete-one-stop shopping for the ERP solutions the ERP
vendors are building worldwide reseller channels.
The ERP vendors are lowering the entry price point for each module to
make it affordable for the smaller businesses who are looking for the
ERP solutions.
ERP implementation is cost and time intensive, it is better to evaluate
various alternative channels and choose the one that best fits your
requirements and budget.
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Faster Implementation Methodologies
To get the better advantage and delivery in terms of results
implementation of the ERP system must be faster.
ERP vendors are making the implementation process easier by
offering new tools and methodologies to speed up the process.
SAP has introduced a method called Accelerated SAP (ASAP) that
takes knowledge obtained from thousands of R/3 implementations to
combine this skill in a product called the Business Engineer.
Oraclesmethod called Fast Forward, which speed up implementations
of Oracle Applications suites and cut down the implementation costs.
The ERPsmodel-based approach methodology has enabled to achieve
this objective of faster implementation.
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Factors for Choosing ApplicationPlatforms
The organisation has to be very careful while choosing the platform
for their application, it has to be compatible with the current work
settings.
Each company is trying to extend the reach of its software and to
make it an application platform rather than a suite of modules.
The company must look at all the internal and external factors to
decide on the matter of choosing the ERP platforms.
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New Business Segments
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Summary
ERP is an industry that always shows various prospects of
investment rather than just technology. The most challenging part is implementing the system into a
companys culture, where it is necessary to develop a business and
fulfil a vision.
ERP trends also reflect positive signals for the ERP vendors and
companies availing their service. ERP product and ERP software will
always be on great demand. ERP vendors have increased their appeal to small business clients
through a number of initiatives.
ERP vendors are making the implementation process easier by
offering tools and methodologies to speed up the process.
Business Modelling also called as process facilitation approach,
emphasise on managing the group decision-making process of
developing the required process descriptions.
The ERP vendors are moving on to new business segments such as
supply chain management and demand forecasting or sales
automation and marketing.
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Check Your Learning
1. Describe Business Model.
Ans. Business model is described as the sources of revenue and the way
the company organises its activities to profitably exploit this sources.
2. List the latest trends improvising the functioning of ERP system.
Ans. The latest trends that have improvised the functioning of the ERP
system are:
Open source ERP
Web enabled ERP Wireless ERP
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Activity
List out the types of application platform installed by various companiesfor implementing the ERP system to improve their business efficiency.
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