1
ERP 2 is not merely an extension of traditional ERP, but an evolution featuring comprehensive capabilities that synergize internal and external business factors.
2
Traditional ERP focuses primarily on internal value chain integration and conventional functions, whereas ERP 2 leverages internet facilities extensively and incorporates external stakeholders.
3
Open-source ERP is available free of cost including the source code, lowering operational expenses and eliminating license renewal fees, though it brings sole liability and potential legal claims.
4
Web-enabled ERP applications reduce manual data limitations, make data accessible online, and empower employees to make quicker decisions.
5
The ERP 2 conceptual framework includes a process layer (transaction-based systems and traditional modules), an analytical layer (SCM, CRM, SRM, PLM/PDM), and an e-business layer (collaborative components and EAI for extranet integration).