What are the common types of ERP?

In the ever-evolving landscape of business operations, Enterprise Resource Planning (ERP) systems stand as beacons of efficiency, providing organizations with the tools needed to integrate, manage, and optimize their diverse processes. As businesses continue to grow and diversify, the demand for specialized ERP solutions has spurred the development of various types, each uniquely crafted to address specific industry challenges and operational nuances. This article serves as a comprehensive guide, shedding light on the common types of ERP systems that have become instrumental in steering businesses towards enhanced productivity, streamlined workflows, and strategic decision-making. From traditional on-premises solutions to innovative cloud-based platforms, the ERP ecosystem has witnessed significant diversification, allowing organizations to align their chosen system with their distinct requirements. I. On-Premises ERP: Traditional ERP systems installed and maintained on the organizat...