Generic ERP solutions can be used across industries and vertical markets. Their features and functions cover a broad range of cross-industry requirements. In today’s economy, industries often straddle other industries and the pros of generic ERP software include an ability to leverage cross-industry best-practices. Generic ERPs are generally less expensive as compared to industry-specific ERPs and are suitable for companies that don’t operate in a particular niche market.
industry-specific ERP solutions are curated for specialized industries and their unique micro-verticals with relevant operational features. Industry-specific ERPs don’t require a great deal of customization, as industry standard practices are already baked in. These solutions are based on industry insights and hence offer a variety of alternatives to redundant business practices. The cost may be high but manufacturers operating in niche markets can use the industry expertise to their advantage.