Lecture 10

Question 1

ERP Systems and how it differs:

Answer 1

ERP system is a complex transaction based software supporting the business processes within a company (focus on resource planning within the company)

• Focus on industry sectors
• Scalability
• Functions offered
• Architecture, databases, etc.

Question 2

Main functions of ERP systems

Answer 2

• Production
• Finance and Controlling
• Human Resources
• Sales
• Logistics and material management
• Master data management (

Question 3

Gartner’s “Magic Quadrant” or Forester research

Answer 3

Gartner Magic Quadrant helps to understand the technology providers you might consider for a specific investment opportunity

Helps to:

• know about the competing market of technology providers
• Strategies and position of providers
• Strengths and challenges of providers
• Niche Players focus successfully on a small segment, or are unfocused and do not out-innovate or outperform others.
• Challengers execute well today or may dominate a large segment, but do not demonstrate an understanding of market direction.
• Visionaries understand where the market is going or have a vision for changing market rules, but do not yet execute well.
• Leaders execute well against their current vision and are well-positioned for tomorrow.