ENTERPRISE RESOURCE PLANNING
1. An Enterprise resource planning system is a fully integrated business management system covering functional areas of an enterprise like Logistics, Production, Finance, Accounting, and Human Resources.
2. It organizes and integrates operation pro
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cesses and information flows to make optimum use of resources such as men, material, money, and machine.
3. Enterprise resource planning promises one database, one application, one user interface
for the entire enterprise, where once disparate systems ruled manufacturing, distribution, finance, and sales.
4. Enterprise resource planning or ERP software is a suite of applications that manage core business processes, such as sales, purchasing, accounting, Human Resource, customer support, CRM, and inventory. It’s an integrated system as opposed to individual software designed specifically for the business process.
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