ERP stands for "Enterprise Resource Planning". The definition of enterprise resource planning is an integrated software solution used to manage a company's resources. ERP systems integrate all business management functions, including planning, inventory/materials management, engineering, order processing, manufacturing, purchasing, accounting and finance, human resources, and more.
ERP software integrates all departments and functions across a company onto a single computer system that can serve all those different departments' particular needs. ERP combines finance, HR, manufacturing and distribution all together into a single, integrated software program that runs off a single database so that the various departments can more easily share information and communicate with each other. This integrated approach can have a tremendous payback provided the software is installed and used correctly.
- A single integrated system
- Reduce repetitive data entry and manual processes
- Streamlining processes and workflows
- Information can be shared across every department
- Access to information is improved
- Use of industry best-practice
- Better planning, tracking and forecasting improves enterprise sustainability
- Reduce errors
- Improved data quality
- Strong expertise
- Flexible structure
- Customer focus