What is ERP ?
ERP is an acronym for Enterprise Resource Planning. ERP is package software solution that tries to address the enterprise needs for an organisation by tightly integrating the various functions of an organisation using a process view of an organisation. ERP understands the needs of any organisation belonging to any industry because the processes implemented in an ERP software are core processes such as order processing, order fulfilment, shipping, invoicing, BOM processing, purchase order processing, preparation of Balance Sheet, Profit and Loss statement etc., that are common to all industry segments. ERP addresses the entire needs of an enterprise and cuts across all its functions such as finance, sales, production, human resource and others to meaningfully execute any of the core processes. An integrated ERP ensures that the logic of a process that cuts across the function is captured genuinely, this in turn implies that data once entered in any of the functional modules (whichever o
Enterprise Resource Planning software, or ERP, attempts to integrate all departments and functions across an organization onto a single computer system that can serve all those departments’ particular needs. ERP combines individual software programs together into a single, integrated program that runs off a single database so that the various departments can more easily share information and communicate with each other.
Enterprise Resource Planning or ERP is an industry term for integrated, muti-module application software packages that are designed to serve and support multiple business fuctions. An ERP system can include software for manufacturing, order entry, accounts receivable and payable, general ledger, purchasing, warehousing, transportation and human resources.
ERP stands for “Enterprise Resource Planning.” The definition of enterprise resource planning is, essentially, an integrated software solution used to manage company’s resources. It helps in efficient management the important business processes like budgeting and planning, production, maintaining inventories, sales, finance, HR and customer support.
