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What is ERP – a definition?

April 26, 2017definition ERP

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What is ERP – a definition?

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ERP is short for enterprise resource planning. Enterprise Resource Planning (ERP) is the latest business, information technology (IT) tool in the Corporate World today. Enterprise resource planning is an integrated software solution used to manage a companys resources. ERPs was preceded by MRP (material requirements planning) and MRP II (manufacturing resources planning). These earlier systems had limitations addressed by ERP systems. Todays ERP systems integrate planning, inventory, Purchasing, engineering, order entry, manufacturing, accounting and human resources.