However, developing an ERP system differs from traditional system development. ERP systems run on a variety of computer hardware and network configurations, typically using a database as an information repository. ==Origin== The Gartner Group first used the acronym ERP in the 1990s to include the capabilities of material requirements planning (MRP), and the later manufacturing resource planning (MRP II), as well as computer-integrated manufacturing.
Existing methodologies include: ==Expansion== ERP systems experienced rapid growth in the 1990s.
Because of the year 2000 problem many companies took the opportunity to replace their old systems with ERP. ERP systems initially focused on automating back office functions that did not directly affect customers and the public.
Front office functions, such as customer relationship management (CRM), dealt directly with customers, or e-business systems such as e-commerce, e-government, e-telecom, and e-finance—or supplier relationship management (SRM) became integrated later, when the internet simplified communicating with external parties. "ERP II" was coined in 2000 in an article by Gartner Publications entitled ERP Is Dead—Long Live ERP II.
IT investments have, as of 2011, become one of the largest categories of capital expenditure in United States-based businesses.
Some of the important critical success factors related to ERP projects are: Know your data, longer and more integrated testing, utilization of the right people, longer stabilization period (hyper-care), clear communication, early buy-in from business, have a Lean Agile program, less customization, ERP projects must be business-driven and not IT-driven. == Postmodern ERP == The term "postmodern ERP" was coined by Gartner in 2013, when it first appeared in the paper series "Predicts 2014".
Before 2014, Walmart used a system called Inforem developed by IBM to manage replenishment. ===Process preparation=== Implementing ERP typically requires changes in existing business processes.
Some of the important critical success factors related to ERP projects are: Know your data, longer and more integrated testing, utilization of the right people, longer stabilization period (hyper-care), clear communication, early buy-in from business, have a Lean Agile program, less customization, ERP projects must be business-driven and not IT-driven. == Postmodern ERP == The term "postmodern ERP" was coined by Gartner in 2013, when it first appeared in the paper series "Predicts 2014".
In 2019, the global ERP software market grew by 9%, resulting in a worldwide value of approximately $39 billion in total software revenue. The ERP system integrates varied organizational systems and facilitates error-free transactions and production, thereby enhancing the organization's efficiency.
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