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 does ERP stand for?

ERP is an acronym for Enterprise Resource Management.

What are the primary benefits of an ERP system?

ERP content is being added. Stay tuned.

What is the difference between ERP and CRM?

ERP content is being added. Stay tuned.

What is ERP life cycle?

ERP content is being added. Stay tuned.

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