What Percentage of Companies Use an ERP?
The list of basic needs for business management includes ERP solutions on a priority basis now. Vital industrial services, financial processes, and much more in a company implement ERP.
The facts and data given below can assist you in picking an appropriate ERP Software for your company.
ERP market statistics and Industry Breakdown
In the early 1990s, the Gartner Group popularised the term "Enterprise Resource Planning." However, ERP systems and software are pretty popular if we specifically speak of the manufacturing industry.
Source: Panorama Consulting Group
ERP Statistics & Facts
The 1980s-1983
The evolution of CRM, human resources data, and finance occurred, and a new MRP II came into effect that featured “modules.” It integrated the essential manufacturing tasks that form a shared-data system.
The 2000s-2005
The Gartner Group coined the acronym ERP to differentiate from MRP software.
The new system included business intelligence and other critical tasks such as Sales Force Automation, eCommerce, and marketing automation, while Enterprise Resource Planning Solution was cloud-based in 2005.
It developed Internet-enabled commodities as an alternative to traditional on-premise customer server models.
Present State
As new ERP delivery technologies, Software-as-a-Service (SaaS) and Anything-as-a-Service (XaaS) are the most used software. Web-based remote access for ERP solutions offers protection, mobile solutions, innovative technologies, IoT, and the Internet of Everything (IoE).
Future State
According to reports, the global ERP market revenue can increase by $47 billion over the next five years. ERPs will become a high-priority investment for businesses.
How Do Businesses Select ERP?
Companies spend an average of 17 weeks selecting ERP software.
10 percent of firms to integrate distributed data use ERP software.
20 percent of firms to boost growth and performance use ERP software.
25 percent of firms to improve efficiency use ERP software.
Employees' Use of ERP
Nearly 26% of the working professionals use business ERP systems.
39 percent of employees in made-to-order production use business ERP systems.
41 percent of employees in the non-profit industry use business ERP systems.
43 percent of professional services employees use business ERP systems.
44 percent of Ecommerce professionals use business ERP systems.
45 percent of employees in the distribution industry use business ERP systems.
Customers' Levels of Satisfaction with ERP
3% of consumers are highly unsatisfied with their ERP system.
Customers are unsatisfied with their ERP system in 7% of cases.
Customers have a neutral attitude on their ERP system, according to 38% of them.
Customers are pleased with their ERP system in 53% of cases.
93 percent of businesses believe their ERP project management to be a success.
Final Analysis
Based on these ERP facts and statistics, we can confidently anticipate one thing: implementing ERP software solutions is the key to managing all of your business processes.
With these figures, you now understand the advantages and disadvantages of an ERP system.
Are you concerned about your ERP implementation? Contact the specialists at Connected IT, an ERP consulting firm in Ireland, to ensure that your ERP is implemented correctly and taken care of properly.
Comments
Post a Comment