top 10 ERP myths

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Top 10 ERP Myths
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CONTEXT

1. ERP is too expensive
2. ERP is only for Big Business ERP only benefits
   executives and management
3. ERP solutions are only used to impress customers
4. One ERP solution fits all
5. ERP, SCM, CRM and MRP are all the same
6. ERP takes too long to implement
7. ERP is an IT system and belongs in the IT
   department
8. I dont need custom ERP solutions
9. On-Premise ERP solutions are outdated

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Myth 1 ERP is too expensive

• This is one of the most common misconceptions
  about custom ERP solutions. Although, the
  high-end and advanced ERP solutions are expensive.

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Myth 2 ERP is only for Big Business

• Earlier, ERP software systems were only used by
  larger firms. But with the advanced technologies
  and the increased customisation features, small
  and mid-sized businesses can also use ERP.

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Myth 3 ERP only benefits executives and
management

• Yes, ERP offers real-time information which helps
  upper management in the decision-making process.

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Myth 4 ERP solutions are only used to impress
customers

• If implemented properly, the ERP associated
  system can impress the customer. But thats not
  the only purpose of it.

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MYTH5 One ERP solution fits all

• While selecting ERP solutions, companies should
  focus on the business requirement.

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Myth 6 ERP, SCM, CRM and MRP are all the same

• Customer relationship management (CRM),
  enterprise resource planning (ERP), manufacturing
  resource planning (MRP), and supply chain
  management (SCM) differ completely from each
  other and target different kinds of businesses.

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Myth 7 ERP takes too long to implement

• The time that is required to implement an ERP
  system depends on several factors such as
  customisation, size of the business, the
  expectation of management, and the number of
  users..

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Myth 8 ERP is an IT system and belongs in the
IT department

• Enterprise resource planning is a technology
  which requires input from all the department and
  involves ownership from hands-on worker to upper
  management.

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Myth 9 I dont need custom ERP solutions

• Most business owners think ERP solutions are not
  customisable. According to the report of
  Panorama, 91 of the companies ended up
  customising their ERP implementation.

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Myth 10 On-Premise ERP solutions are outdated

• Cloud-based ERP systems are rapidly gaining
  popularity, which is the reason most people think
  ERP solutions are a technology of the past.

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