Enterprise Resource Planning Assignment

Added on - 31 May 2021

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Running head: Enterprise Resource Planning1ENTERPRISE RESOURCE PLANNINGStudent NameInstitution
Enterprise Resource Planning2Table of ContentsIntroduction.................................................................................................................................................41.On-premise ERP...................................................................................................................................41.1 Benefits of on-premise ERP...............................................................................................................41.1.1 Data control................................................................................................................................51.1.2 Less vendor dependency............................................................................................................51.1.3 Limit on-going costs....................................................................................................................51.1.4 Foundation for future hybrid cloud expansion...........................................................................6Example: Use the Cloud as a Sandbox for Oracle Database 12c..........................................................61.1.5 Easier customization...................................................................................................................61.2 Weaknesses of On-premise ERP........................................................................................................71.2.1 High cost of starting on-premise ERP..........................................................................................71.2.2 Maintenance cost is high............................................................................................................71.2.3 High security cost........................................................................................................................82.Hosted ERP System..............................................................................................................................82.1 Benefits of Hosted ERP System..........................................................................................................82.1.1 Scalability....................................................................................................................................82.2.2 Minimized hardware maintenance.............................................................................................92.2.3 Flexibility.....................................................................................................................................92.2.4 Reduced downtime.....................................................................................................................9Example of Oracle Database Cloud....................................................................................................102.2 Weaknesses or risks of hosted ERP system.....................................................................................102.2.1 Accessibility and sharing problems...........................................................................................102.2.2 Integration or incompatibility problems...................................................................................112.2.3 Change management................................................................................................................11
Enterprise Resource Planning32.2.4 Maintaining multiple systems is a challenge.............................................................................123.Cloud ERP System..............................................................................................................................123.1 Benefits of cloud-based ERP system................................................................................................123.1.1 Lower Upfront Investment Costs..............................................................................................123.1.2 Automatic Software Upgrades..................................................................................................133.1.3 Flexibility and Scalability...........................................................................................................133.1.4 Reduce Your Dependence on Internal IT Resources.................................................................133.1.5 Faster ROI on IT Spend..............................................................................................................143.2 Weaknesses or risk of Cloud ERP System.........................................................................................143.2.1 Limited customization...............................................................................................................143.2.2 Data security and risk...............................................................................................................153.2.3 Long-term expense is higher.....................................................................................................15SAP ERP example...............................................................................................................................16Conclusion.................................................................................................................................................16References.................................................................................................................................................17
Enterprise Resource Planning4IntroductionEnterprise resource planning (ERP) is a current business tool that enables theorganization, operation, and planning of company resources. Many businesses currentlyimplement the ERP system to help facilitate their processes management system. ERP come insize, shape, and type making the system to fit in any business setting. For instance, there are ERPfor various industries such as banking, human resource management, customer servicemanagement and online business service. In addition, there are different types of ERP systemsdepending on the hosting system type. These includeon-premise ERP,Hosted ERP System andCloud ERP System. These ERP systems have their benefits and weaknesses that affectimplementation in a business environment. The following report explores the three main ERPsystems based on their benefits and weaknesses.1.On-premise ERPOn-premise can be described as enterprise resource planning system that is hosted by thebusiness or company. The company develops its data center that maintains the system. This ERPsystem is also called the traditional ERP system and is always attributed to owner’s data controlbenefits. This IT system has several benefits and weakness or risk associated with the ERPsystem.1.1 Benefits of on-premise ERPThere are many benefits for the companies using on-premise implementation into thebusiness.
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