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BCO6603 Enterprise Resource Planning Systems

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Added on  2021-06-17

BCO6603 Enterprise Resource Planning Systems

   Added on 2021-06-17

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Running Head: BCO6603 Enterprise Resource Planning SystemsERP SYSTEMS IN THECLOUD[Document subtitle]
BCO6603 Enterprise Resource Planning  Systems_1
BCO6603 Enterprise Resource Planning SystemsTable of ContentsIntroduction.................................................................................................................................................2Main context................................................................................................................................................2On-premise ERP system..........................................................................................................................2Benefits and risks of On-premise system.............................................................................................3Hosted ERP system.................................................................................................................................4Benefits and risks of Hosted ERP system............................................................................................5Cloud ERP system...................................................................................................................................6Benefits and risks of Cloud ERP system..............................................................................................6Comparison.............................................................................................................................................8Conclusion.................................................................................................................................................101 | P a g eStudent Name:Student ID:
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BCO6603 Enterprise Resource Planning SystemsIntroduction The paper will provide information about the Enterprise Resource Planning system that can beused by an organization for their growth in the market. The three software system namely on-premise software hosted software and cloud software has been briefly discussed in this context.The benefits of the three software system which helps the company to use such system for theirbusiness are briefly discussed in this paper. Along with this, the disadvantages of using this threeERP software system are also provided in this paper. Apart from this some case studies are alsodiscussed relating this ERP software system. Since the on-premise ERP software system andonly used in company headquarters and gives services only in the local market so they areconsidered as an outdated system and nowadays this software system is not used by thecompany. Only the cloud ERP system and hosted ERP system are used nowadays in the market.But mainly the small and medium industry uses this software system for their business purposes.Furthermore, the paper also provides a comparative study of the three ERP software systems andconcluded which one is better among them.Main context Enterprise Resource Planning (ERP) system is a software system which operates the functionalunits of an organization.On-premise ERP system On-premise ERP system refers to the process that maintains the business operation and supplieschain issues of a company. This system mainly refers to the traditional approach of anorganization where they purchase the licenses of an ERP system and installs it within theirdevices. This software system mainly runs in the head office and from there it will control thewhole operating system. This system is highly secure and easily control the operation andconnects with the people. As per author Erturk, and Arora, 2017, the functional team modify thesoftware according to their business needs that help to improve the performances of the system.This system is more flexible than any other ERP system and hence gives standard outputs. On-premise system is mainly managed by the IT staff and for this proper training are given to run the2 | P a g eStudent Name:Student ID:
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BCO6603 Enterprise Resource Planning Systemssoftware. Along with this, the software is considered as the one-time investment by the company,as they purchase the software at one time. Benefits and risks of On-premise system There are several benefits of the On-premise system in the company those are:Security and data control: According to the author Scholtz, and Atukwase, 2016, the On-premise software system can be installed locally in the company headquarters and on theircomputers. This system mainly manage the personal business strategies and for this security ismain important and due to this on-premise software are used as it provides high security than anyother software system. An employee security number, accounts and expenditures and along withsupply chain logistics and other business operation are safely secured by using this softwaresystem. Dependency on a vendor reduces: The system reduces the vendor dependency of anorganization as it is very flexible and the vendor takes their decision instantly with thetechnology used in this system and sometimes they do not depend on the vendor because of thisadvanced technology (Seethamraju, 2015). Limited on-going costs: Since the upfront cost is more but the on-going cost of this system willbe limited. As the software are purchased for one time only, therefore, the upfront cost is moreand the on-going costs include energy and IT maintenance which is limited (Zhao, and Kirche,2018). The IT staff upgraded the system in the organization and thus the on-going costs will bereduced.Foundation for the hybrid cloud expansion: As per author Khot et al., 2017, an organizationuses the on-premise ERP system and the cloud ERP system both for the growth of theorganization in the market. Along with this, the system increases the profitability, productivity,and performance of the employees in an organization.Easier customization: Since this software system is very flexible so using this system providesan easier customization than any other ERP system. Due to its high-class technology thecustomer of the organization does not depend on the vendors for any up gradation of the process(Jain, and Sharma, 2016). On-premise ERP system is more customizable and offers security anddata control to the system.3 | P a g eStudent Name:Student ID:
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