(PDF) Enterprise Resource Planning Systems Research

Added on - 14 Jun 2021

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IntroductionThere has been significant media attention and hype about the potential of cloud technologies.Companies are investigating how these technologies can be applied to their ERP Systemsrequirements. Companies are presented with a number of options which they need to consider.These include: On-premise which refers to the traditional approach where a company purchasesthe licences for an ERP systems and then installs it within their company. Hosted ERP Systemwhich refers to where the company purchases the licences for an ERP systems and then installs iton a third party’s infrastructure (hosted) in the cloud. This is sometimes referred to asInfrastructure as a Service (IaaS).Cloud ERP System which refers to an ERP system which isdeveloped to operate purely in a cloud environment. The company pays a subscription to accessthe ERP system and shares it with other companies. This is often referred to as Software as aService (SaaS).Companies are faced with increasing pressure to investigate the potential of thesedifferent offerings and the strengths and weaknesses of each.Nowadays there has been a wide variety of IT services being moved to the cloud as they havebeen offering online cloud storage and many executives in the ICT field has put in toconsideration of moving their enterprise resource planning systems to cloud as well. Many havebeen reported to have succeeded in doing so but others are still lagging behind due to financialand supply chain operations being sceptical. The use and introduction of the cloud strategy isbased with some very important factors that each and every board of a given organization muststrategize before migrating its ERP to the Cloud technology. Some of these factors include thingslike the type of the industry, size of the company, complexity of the offered solution, securityneeds and many other issues that are addressed by the company.The purpose for this report is getting the organization to understand enterprise resource planningsystems requirements. We have to understand the different types of ERP systems that is thecloud ERP systems, on premise ERP systems and the hosted ERP systems comparing andcontrasting their benefits to the organizations. The other purpose to be brought about in thiscontext is the cos and pros of each and every suggested ERP forum. The purpose will beanalysing all the mentioned ERP systems clearly indicating their strengths and weaknesses andhow they help an organization in meeting the mentioned factors as above.This report will try to analyse the ERP systems for an organization that want to choose aplatform. The idea to be discussed will be explaining each and every platform in details, showing1STUDENT NAMESTUDENT ID
the benefit and comparing all of them to see which meets the requirements of the company.Lastly we will address the strengths and weaknesses of the discussed platforms of ERP systems.Lastly we will conclude by giving a summary of what we have done throughout the report.ERP Systems in the CloudEnterprise resource planning systems in the cloud has gained a lot momentum as companies aretrying to reduce the costs of enterprise resource planning systems, speeding up the deploymenttimes and making it easier in customizing the software for the individual needs[ CITATIONRob16 \l 1033 ].On-premise Enterprise Resource Planning Systems.This an enterprise resource planning software that has been known for running on in-houseservers at one’s location or locations where they have control over the servers. This on premisesolutions are known for offering security and control when using one’s IT infrastructure toconnecting to its people and the entire system. On premise enterprise resource planning solutionare always installed locally on one’s company’s hardware and servers and managed by the samecompany[ CITATION tac12 \l 1033 ].When we say that the on premise ERP systems is secure and very easy to control is becausewhen a company maintains its own data in an in house data center it will have complete accessand control to its data[ CITATION Amy17 \l 1033 ].There are some circumstances that wemay consider when we want to use or migrate to an On-Premise Enterprise Resource PlanningSystems.1.When we need to have a close supervision of the data and securing the EnterpriseResource Planning systems and have full control of data and the access.2.When we need our system to have specialized integration with all other existing systemsfor the functions of the business daily.3.When we want to have the dedicated Information technology resources on site forhandling the servers and the application maintenanceThere are some advantages that pushes us in to using the On Premise ERP systems whichincludes[ CITATION col18 \l 1033 ].1.The data that is confidential will remain secure on the onsite2.One can retain full control of the data and their processes3.There is robust integration which allows it to integrate with other systems.2STUDENT NAMESTUDENT ID
4.There is the customization options like those of robust.Hosted Enterprise Resource Planning (ERP) SystemsHosting has started the other day and it means one buys a software solution from a publisher orvendor (Value added Reseller). The software is installed in the data center of the specificcompany acting as the hosting center where the servers which are virtual are setup. In this case itis just like in the on premise but just that we use virtual servers. The payment will stream wiselyas one have large upfront of the software payments. Sophisticated business s/w has enabledmany organisations in optimising their processes, where they streamline the efficiencies anddriving the levels of production across all departments. These set benefits make enterpriseresource planning systems to be very crucial investment used by many modern companies.When we select the ERP system that is appropriate then it will have to fit the company’s uniqueway to which they operate which may be a challenge to the stated company. The cloud and theon premise platforms have both many advantages appealing to the business with reference to themodel that is needed.Hosted solutions in ERP systems have been known for offering an effective compromise whichhas allowed one to benefit from the other models. In this understanding it has made one to makearrangements where we can buy ERP software outright, afterwards we purchase or we hire thevirtual or the physical servers in facility for running the system whose hosting services is secure.There are some key benefits of hosting the ERP systems solutions. Some of them are: theadvantages of the cloud and the On-Premise features, it is more flexible over the future enterpriseresource planning setups, ownership of the software, options of security and disaster recoveryand the IT services which are managed[ CITATION Pre18 \l 1033 ].Like the other platformshosted ERP has its strengths and weaknesses as explained below.Advantages of Hosted ERP systems.1.The company will one the software (owning the indefinite license. In this case one maypay the maintenance fee which be dependent on the third part providing the service.When one stop paying the maintenance fee the licence of the software will expire makingit hard for you to work on the specified version3STUDENT NAMESTUDENT ID
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