Enterprise resource planning systems are management information systems that integrate and automate business practices associated with the operations, production and distribution aspects of a company engaged in manufacturing products or services.
Some of the well-known vendors of ERP systems are SAP AG, Oracle Applications, Microsoft Dynamics, SSA Global Technologies, QAD and Exact Software.
Founded in 1972, SAP AG is the largest European software enterprise, headquartered in Walldorf, Germany. SAP is an acronym for Systems, Applications And Products in Data Processing. It is the largest ERP solution software provider in terms of revenue. SAP products focus on ERP systems. Its main product is SAP R/3. R stands for real-time data processing, and the number 3 relates to the three-tier application architecture of its database, application server and client. There are over 91,500 SAP installations at more than 28,000 companies. Over 12 million people in more than 120 countries use SAP products.
Oracle Corporation was founded in 1977. It is one of the major companies involved in the development of database management systems, tools for database development, and enterprise resource planning software. The Oracle e-Business Suite includes software that perform financial, manufacturing and Human Resource Management Systems related functions. User access to these facilities is provided through a browser interface over the Internet or corporate intranet.
QAD produces Enterprise Resource Planning software for six main industries — Automotive, Consumer Products, Electronics, Food and Beverage, Industrial Products and Life Sciences. QAD product, MFG/PRO is an ERP software containing multiple optional modules and add on products like AIM Warehousing and Trade Management.
Exact Software was founded in 1984. It is involved in developing software for logistics, Human Resource Management, Customer Relationship Management, e-business and Enterprise Resource Planning.
Every company needs a core transactional system that records the information from its most important business processes. Prior to choosing a vendor for an enterprise, it is important to plan the budget since it is extremely difficult to upgrade already installed ERP software.