ERP MARKET PLACE
An ERP (Enterprise Resource Planning) marketplace, also known as an ERP
marketplace platform or ERP ecosystem, is a digital platform that serves as a
centralized hub where businesses can explore, purchase, and integrate ERP software,
services, and related solutions. These marketplaces provide a one-stop-shop for
organizations seeking ERP solutions and the associated tools, add-ons, or services
they may require.
Key features and aspects of an ERP marketplace include:
1. ERP Software: These marketplaces offer a selection of ERP software solutions
from various vendors. Businesses can compare different ERP systems, their
features, pricing, and user reviews to find the one that best fits their needs.
2. Add-Ons and Extensions: In addition to the core ERP software, marketplaces
often provide a range of add-ons, extensions, and modules that can enhance
the functionality of the ERP system. These may include industry-specific
modules, integration connectors, and reporting tools.
3. Service Providers: ERP marketplaces connect businesses with service
providers, such as implementation consultants, system integrators, and support
services. Organizations can find experts who can help them implement,
customize, and maintain their ERP systems.
4. User Reviews and Ratings: Many ERP marketplaces include user reviews and
ratings for ERP software and services, helping potential buyers make informed
decisions based on the experiences of others.
5. Pricing Information: Pricing details, including subscription fees, licensing
models, and service costs, are often available on these platforms, allowing
businesses to compare costs and choose options that align with their budgets.
6. Demos and Trials: Some marketplaces offer the opportunity to request
product demos or access trial versions of ERP software to evaluate the product's
suitability before making a purchase.
7. Educational Resources: ERP marketplaces may provide educational
resources, such as articles, webinars, and whitepapers, to help businesses learn
more about ERP systems, best practices, and industry trends.
8. Industry Verticals: ERP marketplaces may categorize ERP solutions by
industry verticals, making it easier for businesses to find systems tailored to
their specific needs, whether they are in manufacturing, healthcare, retail, or
other sectors.
9. Vendor Profiles: Detailed profiles of ERP software vendors and service
providers, including information about their company, products, and customer
testimonials, are often available on these platforms.
10. Customization and Integration: Information about how ERP systems
can be customized or integrated with other software and systems is typically
provided to help businesses understand how well a solution can align with their
existing technology stack.
Some popular ERP marketplaces and ecosystems include SAP App Center, Oracle
Cloud Marketplace, Microsoft AppSource, and various industry-specific ERP
marketplaces.
When considering an ERP marketplace, businesses should carefully evaluate their
requirements, budget, and long-term goals. It's essential to conduct thorough
research, read user reviews, and, if possible, engage with vendors and service
providers to ensure a successful ERP implementation.
, What is SAP?
SAP stands for Systems Applications and Products in Data Processing. SAP, by definition, is also the
name of the ERP (Enterprise Resource Planning) software as well as the name of the company. SAP
Software is a European multinational, founded in 1972 by Selenoether, Hop-, Hector, Plattner, and
Tachira. They develop software solutions for managing business operations and customer relationships.
SAP system consists of a number of fully integrated modules, which covers virtually every aspect of
business management. SAP is #1 in the ERP market. As of 2010, SAP has more than 140,000 installations
worldwide, over 25 industry-specific business solutions and more than 75,000 customers in 120
countries. Other Competitive products of SAP Software in the market are Oracle, Microsoft Dynamics,
etc.
What is SAP ERP? Why is it Required?
The following video will explain the need for an ERP software like SAP in an enterprise
Suppose a client approaches a sales team asking for a particular product. The sales team contacts the
inventory department to check the availability of the product. To their surprise, the sales team found out
that the product is out of stock. So next time this doesn’t happen, they have to introduce an SAP ERP
tool.
Before we actually see in detail, what ERP is and how ERP can help in your business process, we will
understand how different departments are involved in the whole business process, right from the
ordering of the raw material – to manufacturing goods – to delivering final products to the customer.
, Here is the whole process that is followed by any business unit.
1. Client contacts the sales team to check the availability of the product
2. Sales team approaches the Inventory department to check for the availability of the product
3. In case the product is out of stock, the sales team approaches the Production Planning
Department to manufacture the product
4. The production planning team checks with inventory department for availability of raw material
5. If the raw material is not available with inventory, the Production Planning team buys the raw
material from the Vendors
6. Then Production Planning forwards the raw materials to the Shop Floor Execution for actual
production
7. Once ready, the Shop Floor Team sends the goods to the Sales Team
8. Sales Team who in turn deliver it to the client
9. The sales team updates the finance with revenue generated by the sale of the product.
Production planning team update the finance with payments to be made to different vendors for
raw materials.
10. All departments approach the HR for any Human Resource related issue.
Characteristics of SAP
SAP could be a client-ser ver-based software which is additionally called R/3.
(Where “R” stand for genuine time information prepare & 3 stand for 3-tier.
Database
Application servers
Client
Business Processes Operations included in SAP are as follows:
Sales Distribution
Material Management
Financial Accounting
Human Capital Management
Healthy and Safety
SAP consists of several modules or phases that are:
Phase 1 – Project Preparation
Phase 2 – Business Blueprint
Phase 3 – Realization
Phase 4 – Final Preparation
Phase 5 – Go Live Support
All applications were built on the beat of the SAP Web Application Server. Expansion
sets were utilized to provide unused highlights and keep the center as steady as
conceivable. The Net Application Server contained all the capabilities of SAP Basis.
Advantages
Business forms are standardized.
Enables integration with E-commerce.
Planning, following, planning & administration, gets to be easier.
Cost-effective because it diminishes authoritative expenses. Helps to computerize
detailing & checking of the ventures