Product centric organizations consist typically of manufacturing companies and distribution companies. The two company types have many of the same product-related processes such as buying, storing, selling, and delivering products. Distribution companies also need systems to cover additional processes for storing and repackaging of products. Manufacturing companies may need specific processes for developing, manufacturing, and assembling of products. To be considered for Gartner’s magic quadrant, ERP system providers should deliver functionality for these processes.
A technology provider in the product-centric cloud ERP suite must provide, as a minimum, operational ERP and financial management functionality. The operational ERP-tag includes, but not limited to, functionality such as supply chain management, manufacturing, inventory management and material requirement planning. Optional capabilities in the product offerings are indirect procurement, project accounting, HCM and specialized industry specific modules or applications such as, but not limited to: product life cycle management and make to order (MTO) and configure to order (CTO) processes.
