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Assignment Information: Many companies are investigating how an ERP System can help increase efficiencies and profits. Companies are presented with a number of options which they need to consider when...

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Assignment Information:
Many companies are investigating how an ERP System can help increase efficiencies and profits. Companies are presented with a number of options which they need to consider when deciding on an ERP system.
ERP Decisions:
On-premise – refers to the traditional approach; a company purchases a license for an ERP system and install the system on its own server.
Hosted ERP System – refers to purchasing a license for an ERP system but a third party hosts the system in the cloud. This is also referred to as Infrastructure as a Service (IaaS).
Cloud ERP System – refers to an ERP system that is developed to operate entirely in a cloud environment. The company pays a subscription to access the ERP system and shares it with other companies. This is also referred to as Software as a Service (SaaS).
Instructions:
For this week’s assignment you are tasked with investigating and analyzing which of the above mentioned ERP System set-ups would work best for
A small company with less than $1 in revenue; 3 employees; projected growth in revenue over the next 5 years is 15% year over year. Company management plans to hire 4 additional employees over the next 5 years.A large, well established organization that has some ERP components in place, but wants to strengthen its Operations Management by integrating the various systems into one robust ERP System.Provide a table where you perform a comparative assessment of the three systems described above. You will then decide, based on your comparative assessment, which system works best for the two scenarios described under a) and b). Be specific and explain your decision! Use sources to support your decisions!
Answered 1 days AfterFeb 18, 2022

Solution

Shubham answered on Feb 20 2022
31 Votes
ERP SOFTWARES
Enterprise Resource Planning or ERP software are customisable application suites which are used by companies to manage and integrate important business processes and information. This software aims at centralising information, automating regular tasks and simplifying business processes, which in turn will optimise the operations of the organisation improving communication and efficiency within the company. Unifying the information within the company helps to make it run smoother through automating processes, easily understandable reports and information which is protected. An ERP software helps in ensuring that the data related to a company is inaccessible to those apart from the authorised personnel and can be used whenever necessary in the business. Apart from these, installing a well suited ERP software for a business ensures improved reporting and planning statuses, enables better customer service and improved efficiency. All of these advantages have made ERP software an important tool used by every company, i
espective of their sizes. The cu
ent assignment compares three types of ERP software - On Premise, Cloud and Hosted ERP...
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