What is ERP?
ERP stands for Enterprise Resource Planning, which refers to a type of software that helps organizations manage their business operations and resources more efficiently.
ERP systems integrate all aspects of business operations, including : financials, human resources, supply chain management, and customer relationships, and more into a single platform.
ERP systems provide a centralized database that stores all business data, allowing for real-time visibility and reporting across different departments and functions. This enables businesses to make informed decisions, optimize resources, and improve overall performance.
ERP systems typically include modules for:
1.Financial management:
accounting
budgeting
forecasting
2.Human resources:
payroll
benefits
performance management
3.Supply chain management:
inventory management
procurement
logistics
4.Customer relationship management:
sales
marketing
customer service
5.Manufacturing operations:
production planning
quality control
inventory management
What is ERP?