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	Reasons for the Growth of ERP Market
	There is no doubt that the market for Enterprise Resource Planning (ERP) systems is in great demand. Industry analysts are forecasting growth rates of more than 30% for at least the next five years. Why are so many companies replacing their key business systems? The answer is:
	To enable improved business performance
	Cycle time reduction
	Increased business agility
	Inventory reduction
	Order fulfillment improvement
	To supports business growth requirements
	New products/product lines, new customers
	Global requirements including multiple languages and currencies
	To provide flexible, integrated, real-time decision support
	Improve responsiveness across the organization
	To eliminate limitation in legacy system
	Century dating issues
	Fragmentation of data and processing
	Inflexibility to change
	Insupportable technologies
	To take advantage of the untapped mid-market (medium size organizations)
	Increased functionality at a reasonable cost
	Client server/open systems technology
	Vertical market solutions