What is SAP? Why do we need SAP? How SAP ERP is different from other ERP available in market? Who are the competitors of SAP in ERP market?

SAP is an ERP (Enterprise Resource Planning). Men/Money/Material/Machine/Time is main resources of an Enterprise. Real time coordination between departments is required to make optimum utilization of resources. Real time indicates sharing of information (event/transaction) to all the affected parties at same time and SAP achieves this by integrating various modules (departments). Departments coordinate real time over computer network.

Departments: Production/ Human resource/ Materials/ Sales/ Finance etc.

Previously companies were using different ERP for different department. Different ERPs need to communicate with each other but interface between different ERP is not easy.  Hence interface issues were leading to manual activity and time wastage. No single ERP was robust enough to offer one fit for all departments. SAP eliminated need to have different ERPs by providing extensive integration between departments (modules).

SAP helps in achieving better customer satisfaction, Legal and management reporting, faster month-end/ year-end closing, Cost reduction etc.

Why SAP? Video: https://www.youtube.com/watch?v=lYCEQqSM08I



Who are the competitors to SAP?

Oracle, Microsoft, Infor, People soft, Epicor, Baan, JD Edwards, Marshall etc

Source: https://www.linkedin.com/pulse/what-sap-why-do-we-need-how-erp-different-from-other-available-singh

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