What is best of breed? | Meaning & Definition | Akrivia HCM

Enterprises frequently buy software from various vendors to get the best-of-breed solution

for each application area. Businesses may, for example, buy a human-resources package from one individual and an accounting package from another. Even though ERP providers offer a wide range of business programs and claim that their integrated system is the finest, not all modules in an ERP system are best-of-breed.

Organizations frequently buy software from various vendors to get the best-of-breed for each application area; for example, one vendor might provide a human resources package while another sells an accounting package. While ERP vendors advertise their integrated system as the most satisfactory solution for the organization, not all modules are best-of-breed. It isn’t easy to achieve success in any field.

Best of breed refers to a stock that, in comparison to its competitors, represents the best investment decision for a given sector or industry. The term “best of the breed” is also used to apply to specific companies rather than the stock itself, with the distinguishing feature being the management’s track record of driving profits in all markets. This terminology comes from dog exhibitions when the best dog of each breed receives a prize and the title of “best of the breed.”