FUTURE OF ERP TRENDS:
·
To analyze the future trends of ERP it is first
important to look at the current state of ERP Software industry. ERP software
is used for CRM (customer relationship management and SCM (supply chain
management). Presently ERP companies are trying to expand the capacity of their
product that is why many of them are catering to SMEs (small and medium
enterprises) instead of large organizations.
·
Internet and e-commerce combined have both played
an important role in evolution of Enterprise Resource Planning. Companies are
trying to combine their supply chain management functions with the internet so
that suppliers can also have easy access to information from anywhere in the
world. ERP software is integrating the business processes within a company;
vendors are working to merge the collaboration of suppliers, customers and
employees that work with them.
·
Many ERP companies have started to focus on SME,
they are providing tailor made products and services vertically by reducing the
cost and complexity of implementation. The technologies continue to change, and
companies must be able to adapt to new technologies if they wish to remain
competitive. Due to an inevitable constant advance in technologies it can be
difficult to judge which direction certain vital business resources are going.
Fortunately, enterprise resource planning is relatively easy to project and can
be predicted with some measure of clarity.
·
That's because the basic tenets of ERP systems are
well-established and only need to be converted to other kinds of devices to
keep up with advances in technology. In fact, while the underlying science
behind ERP systems might be above the heads of most of the population, the
concept is relatively simple – the more information that companies have at
their disposal, the more educated their decisions in the future will be. Here
are some of the ways that data recording and prediction will improve going
forward.
·
Customization
The type
of customization that's on the horizon leans more towards the scope of the
systems, rather than the capabilities of enterprise resource planning
applications. In other words, no matter what the size and shape of a company
is, it will be able to affordably record whatever data is vital for its
operations. Many small and medium sized businesses already have the possibility
to get a better handle on the materials that make them function, but soon
almost any company might be able to log important information.
·
Social
media integration
In the
case of ERP systems, social media deems very important. Companies at which
employees aren't often face-to-face or familiar with one another might have
trouble sharing information and being more collaborative, the way that the
additional data ERP systems provide might require. However, when live chat,
video conferencing and business intranets are combined, it becomes a simple
matter for different departments to work together to use the data that ERP
programs provide to improve company operations. Every company needs to maintain
the ability to manage their ERP no matter what direction it may lead to.
·
Private
clouds
At the
moment, many companies are mulling a conversion to cloud enterprise resource
planning. Not all of them will go forward with such plans anytime soon, but
there will come a time when almost all information is remotely stored. There is
a point of diminishing returns at which local storage becomes impractical and
needlessly expensive, so it isn't just ERP technology that will exist in the
cloud – it will be almost all of it.
·
Profile of the consultants’ team with the resume of
each member
·
Consulting fee and payment details
·
Implementation methodology
·
Time schedule and the implementation budget
·
Terms and conditions of knowledge transfer and
employee training
·
List of deliverables (reports, manuals, knowledge
bases etc)
·
Project monitoring and status reporting systems.
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