Enterprise Resource Planning
ERP is an acronym for Enterprise Resource Planning. Enterprise Resource Planning (ERP) software applications help businesses to manage and connect information from all core areas of the organization with the aim of improving effective decision making. ERP software solutions promote visibility throughout the entire organization, allowing decision makers to improve business operations such as; inventory management,accounting, order management, human resources, supply chain, customer relationship management.
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Erp
Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applicationsto manage the business and automate many back office functions related to technology.
organizations implement ERP for the following reasons:
• To replace out-of-date ERP software (49%)
• To replace homegrown systems (16%)
• To replace accounting software (15%)
• To replace other non-ERP systems / had no system (20%)
ERP Modules
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:
• Distribution process management
• Supply chain management
• Services knowledge base
• Accounting and financial applications
• Manage human resources and payroll