“Cloud ERP” – this term is often surfing within the IT corridors from the past few years. But only a couple people truly understand its real meaning and price . This piece of document is written to allow you to know the fundamentals of both the technologies, along side their HYBRID.
Cloud computing isn’t a replacement term for the IT industry. Many mid-size companies and large organizations are adapting this technology to reinforce their business capabilities. Cloud computing can easily transform the complex web of business technologies into an easy one, if applied efficiently. The strength of this technology lies in its flexible nature and easy-sharing capability. Cloud computing because the name suggests, can lookout of varied applications running on different local computers from a 3rd party.
Enterprise Resource Planning (ERP)
Just like Cloud computing, the Enterprise Resource Planning (ERP) integrates various aspects and functionalities of the organization into one system to serve all the wants of the organization. Therefore, a sensible synchronization of both the technologies can help organizations to specialise in their core competencies and improve the work efficiency of all the business sectors without incurring heavy expenses.
The Cloud-ERP Relationship
Today organizations work together to form the simplest use of obtainable resources (especially the IT resource), and this step helps in realizing the advantage of economies of scale. ERP along side cloud computing creates a secure and reliable platform for the execution of data technology services. The smart use of cloud ERP helps the organization in reducing the value for energy, maintenance, configuration and time factor, thereby improving the balance (An ideal option for SMEs).
Industry experts believe that a hybrid of cloud computing and ERP will allow the companies to rework completely in terms of usage and payments of data technology. for instance , cloud based ERP applications will eliminate the wants of organizations to get the required IT hardware, thereby reducing the general operation cost. However, critics means that the problems associated with ERP software installations would just move within the cloud, instead of removing them completely.
Future of Cloud – ERP
With an optimistic approach, companies try to develop ERP software for cloud computing environments with new attributes that weren’t possible using old technology. Today, various companies are handling cloud ERP software with an optimistic approach. Big organizations SAP, Oracle and Microsoft are experimenting on the connection between ERP and Cloud Computing to urge the utmost results and sail the ship within the desired direction.
Until that point , we will assume that cloud ERP is best just for startup companies and new segments within an existing organization.
Trade War: United States vs China Tariffs
The ongoing trade war between the United States and China has occurred for over three years now when Donald Trump was in office. China has long had high tariffs on US products unlike the US tariffs for China being at a fraction of theirs, putting tariffs on about $350 billion of Chinese-made goods. Trump’s efforts to balance out the tariffs amongst both countries have led to a controversial trade war over the last few years. President Joe Biden is now in office and does not agree with Trump’s decision and approach, however, undoing these placed restrictions seems to be a complicated matter after the officials’ first face-to-face meeting.
As Katherine Tai, Biden’s US trade representative points out, this situation is difficult as “China is simultaneously a rival, a trade partner, and an outsized player whose cooperation we’ll also need to address certain global challenges”.
The US now has tariffs on 66% of Chinese exports, with the average rate being 19%. This has increased by almost six times prior to the start of the trade war, which occurred in 2018. China has placed tariffs on American exports too, which makes it an incentive for its buyers to buy from other countries.
The trade war continues in 2021 with the officials from both countries trying to smooth over what has occurred since 2018.