Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources.
ERP software typically integrates all facets of an operation — including product planning, development, manufacturing, sales and marketing — in a single database, application and user interface.
Regardless of size, type and niche, a business has several critical areas that need to be managed well. ERP software applies integrated solutions to streamline, automate and link the different departments and divisions of an organization such as HR, IT, finance, sales, and customer service. An ERP system serves as the hub whose network of solutions pump vital nutrients to all areas and functions of the organization to keep them in tune and in good working condition.
Since ERP software covers the entire spectrum of activities and binds together all processes across the organization, there are a plethora of benefits that can be gained from its implementation. It’s an understatement to say there are so many advantages that an ERP system can offer. Here are just some of them.
ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing.
Some of the most common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR. A business will typically use a combination of different modules to manage back-office activities and tasks including the following:
As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP in to other business activities and may incorporate modules for CRM and business intelligence, presenting it as a single unified package.
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