A Research Study on the ERP System Implementation and Current Trends in ERP

Abstract

The ERP archive found from long back years may be in 1970, and it had been initiated with the aim of business processes integration. The Gartner Group coined the name ERP, and it had implemented at the start of the year 1990. Software firms such as SAP had initiated to deploy ERP at the start of the 1990s. SAP further delivered the R/3 version in the year 1992. The SAP R/3 had been equipped with the addition of customer-server hardware construction to work on many stages at a time. The year 2000 had seen the solution over the problem of Y2K by all major ERP software system providers. Over the last 10 years, the ERP software market has to spread immensely with service providers are catering business-wide application with a complete range of application and functions.This paper tried to study the detailed ERP system implementation process and current trends in ERP software. Further, we found out some problems or gaps in an ERP system application process and tried to answer it with proposed solutions.We conclude this study as “an ERP system integrates all the functions in an organization like finance, marketing, manufacturing, and human resource with an advance real-time data collection, processing, and communication with very fast speed and allowing the organization for a quick decision on the real-time issues to control the complete business process day today.”