Enterprise resource planning (ERP) definition

Essential for success in modern businesses, enterprise resource planning (or ERP) is a type of software that integrates the management of day-to-day business operations such as:

  • Finance and Accounting
  • Human Resources
  • Customer Relations
  • Inventory and Product Management
  • Manufacturing
  • Sales

Connecting these operations under one suite can boost company efficiency and allow for real-time assessment of core business processes. A range of data is collected and analyzed by the ERP software, meaning the user is able to track resources, production, and finances across different sectors of the business continuously.

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