What is Enterprise Resource Planning (ERP)?

Enterprise Resource Planning Definition

Enterprise resource planning (ERP) refers to a type of software solution that is used to manage business activities like purchasing, finance, inventory management, material planning, order tracking, and supply chain management operations. Many ERP solutions today provide additional functionality relating to human resource management (HRM), customer relationship management (CRM), and manufacturing execution system (MES).

Additional Information

ERP software often includes the following components or modules:

  1. Financial & Managerial Accounting
  2. Project Management
  3. Supply Chain Management
  4. Customer Relationship Management
  5. Human Resources
  6. Manufacturing
  7. Order Processing

List of ERP software: https://en.wikipedia.org/wiki/List_of_ERP_software_packages

What is Enterprise Resource Planning

FAQs

What is an example of enterprise resource planning?

Enterprise resource planning (ERP) can be used to manage inventory ranging from consumable equipment, materials and supplies to spare parts.

*Source: https://www.advancedtech.com/blog/erp-in-manufacturing/

Who uses enterprise resource planning?

Organizations that want to manage their business processes in a unified and integrated system use enterprise resource planning (ERP). ERP is a software program that helps organizations mange financials and reporting around activities such as accounting, sales forecasting, manufacturing planning and execution, customer care, support, and shipping logistics.

What are the different types of ERP packages?

There are three primary types of ERP systems, each of which has its own deployment model. Cloud ERP, on-premises ERP, and hybrid ERP are the most prevalent types of ERP systems.

*Source: https://www.qad.com/what-is-erp

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