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ERP stands for Enterprise resource planning. ERP is a process used by companies to manage and integrate the important parts of their businesses.
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What is ERP? ERP stands for Enterprise resource planning. ERP is a process used by companies to manage and integrate the important parts of their businesses. It refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. A complete ERP suite also includes enterprise performance management, software that helps plan, budget, predict, and report on an organization’s financial results.
Features and module of ERP • Some major module of ERP Software is: • Human resource • CRM • Finance/accounting • IT Helpdesk • E-Commerce • Supply Chain Management • Order processing • Inventory and procurement
Benefits of ERP These are some benefits after implementing ERP Software are: • Reduce software overhead • Increased Communication • Silo reduction • Standardization of manufacturing process • Inventory reduction • Standardization of human resource information
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