How standard and industry-specific ERP is better than customize ERP?

May 24, 2023

Industry-specific ERP (Enterprise Resource Planning) is a type of ERP software that is designed to meet the specific needs and requirements of a particular industry. For example, there are ERP systems designed specifically for manufacturing, retail, healthcare, and many other industries. These ERP systems typically include industry-specific features and functionalities that are tailored to the needs of the industry. To Streamline your business operations with the best ERP software, connect with STERP (Shanti Technology) - one of the excellent ERP software providers in Pune. Contact us today for a free demo and take your business to the next level!

 

Industry-specific ERP systems are different from generic ERP systems, which are designed to be used by any type of business. Generic ERP systems may include basic features that are relevant to multiple industries, such as accounting and inventory management. However, they may not include more specialized features that are specific to a particular industry.

 

The advantages of using an industry-specific ERP system include:

 

• Improved Efficiency: Industry-specific ERP systems are designed to streamline industry-specific processes, making them more efficient. For example, an ERP system designed for manufacturing may include features such as production scheduling, quality control, and inventory management, which can help manufacturers optimize their production processes.

 

• Better Compliance: Industry-specific ERP systems are designed to meet the regulatory and compliance requirements of the industry. This can help businesses avoid fines and penalties and ensure that they are operating in compliance with industry standards.

 

• Better Decision-Making: Industry-specific ERP systems provide real-time access to industry-specific data, which can help businesses make better-informed decisions. For example, an ERP system designed for healthcare may provide doctors with real-time access to patient data, enabling them to make better clinical decisions.

 

• Enhanced Reporting: Industry-specific ERP systems typically include industry-specific reports and analytics, which can help businesses gain insights into their operations and identify areas for improvement.

 

• Competitive Advantage: By using an industry-specific ERP system, businesses can gain a competitive advantage by optimizing their processes and improving their operations.

 

Transform your business with STERP (Shanti Technology) - the provider of top-class ERP software in Pune. Request a demo now and experience the power of integrated business management!

Use of ERP in various Industries:

 

• Manufacturing: Manufacturing companies use ERP systems to manage their supply chain, production, inventory, and distribution. ERP systems help manufacturers optimize their production schedules, reduce lead times, and improve quality control. By integrating their manufacturing processes with other business functions, such as finance and sales, manufacturers can gain a holistic view of their operations and make better-informed decisions.

 

• Retail: Retail companies use ERP systems to manage their sales, inventory, and supply chain. ERP systems help retailers optimize their inventory levels, improve their order fulfilment processes, and provide better customer service. By integrating their retail operations with other business functions, such as accounting and marketing, retailers can gain a complete view of their business performance and make data-driven decisions.

 

• Healthcare: Healthcare organizations use ERP systems to manage their patient records, finances, and supply chain. ERP systems help healthcare organizations improve their patient care by providing real-time access to patient information, reducing errors, and improving communication between departments. By integrating their healthcare operations with other business functions, such as human resources and procurement, healthcare organizations can streamline their processes and reduce costs.

 

• Construction: Construction companies use ERP systems to manage their project planning, budgeting, and resource allocation. ERP systems help construction companies improve their project management processes, reduce costs, and improve communication between departments. By integrating their construction operations with other business functions, such as accounting and payroll, construction companies can gain a complete view of their business performance and make data-driven decisions.

 

• Education: Educational institutions use ERP systems to manage their student records, finances, and human resources. ERP systems help educational institutions improve their administrative processes, reduce costs, and improve communication between departments. By integrating their educational operations with other business functions, such as admissions and financial aid, educational institutions can gain a complete view of their business performance and make data-driven decisions.

 

• Hospitality: Hospitality companies use ERP systems to manage their reservations, guest services, and inventory. ERP systems help hospitality companies improve their customer service, reduce costs, and improve communication between departments. By integrating their hospitality operations with other business functions, such as accounting and marketing, hospitality companies can gain a complete view of their business performance and make data-driven decisions.

 

• Financial Services: Financial services companies use ERP systems to manage their accounting, customer relationship management, and human resources. ERP systems help financial services companies improve their regulatory compliance, reduce costs, and improve communication between departments. By integrating their financial services operations with other business functions, such as risk management and sales, financial services companies can gain a complete view of their business performance and make data-driven decisions.

 

Revolutionize your business with STERP - one of the most reliable ERP software companies in Pune. Contact us now for a consultation and take the first step towards growth and success!

 

What makes industry-specific ERP better than customize ERP?

 

●Lower Costs:

One of the main advantages of using a standard or industry-specific ERP system is that they are often less expensive than customized ERP systems. This is because standard and industry-specific ERP systems are pre-built and ready to use, while customized ERP systems require extensive customization and development, which can be costly.

 

●Faster Implementation:

Standard and industry-specific ERP systems are pre-built and can be implemented much faster than customized ERP systems, which require extensive customization and development. This means that businesses can start using their ERP system sooner and begin realizing the benefits of the system more quickly.

 

●Better Support:

Standard and industry-specific ERP systems are typically supported by the vendor, which means that businesses can rely on the vendor for ongoing support and maintenance. In contrast, customized ERP systems may require businesses to rely on internal IT resources or third-party developers for ongoing support and maintenance.

 

●Scalability:

Standard and industry-specific ERP systems are designed to be scalable, which means that they can grow and adapt to the business. This is important for businesses that are looking to grow and expand their operations, as they can continue to use the same ERP system as their needs change.

 

●Industry Best Practices:

Standard and industry-specific ERP systems are often designed to incorporate industry best practices, which can help businesses optimize their operations and improve their overall efficiency. In contrast, customized ERP systems may not incorporate best practices or may require extensive customization to do so.

 

●Flexibility:

While customized ERP systems can be tailored to meet the specific needs of a business, this customization can also make the system inflexible. In contrast, standard and industry-specific ERP systems are designed to be flexible and configurable, which means that businesses can adapt the system to their needs without extensive customization.

 

●Compatibility:

Standard and industry-specific ERP systems are often designed to be compatible with other software and systems, which can make integration with other business applications much easier. In contrast, customized ERP systems may require extensive integration work to be compatible with other software and systems.

 

●Future Proofing:

Standard and industry-specific ERP systems are updated and maintained by the vendor, which means that businesses can rely on the vendor to keep the system up-to-date and compatible with new technologies. In contrast, customized ERP systems may become outdated and require extensive customization to remain compatible with new technologies.

 

Final Thoughts:

While customized ERP systems may offer some advantages for businesses with unique needs, standard and industry-specific ERP systems are often better options for most businesses. Standard and industry-specific ERP systems offer lower costs, faster implementation, better support, scalability, industry best practices, flexibility, compatibility, and future-proofing. By carefully evaluating their needs and requirements, businesses can select the right ERP system for their business and position themselves for long-term success.

 

Get ahead of the competition with comprehensive ERP solutions in Pune offered by STERP (Shanti Technology) - the top-ranked ERP solution providers in Pune. Schedule a free consultation today and discover the excellence.