What is ERP? What is ERP in simple terms? | What is ERP and its example?
What is ERP?
Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, Inventory, project management, risk management and compliance, and supply chain operations.
What is ERP in simple terms?
ERP stands for Enterprise Resource Planning. It is a business management software that is implemented by many business houses to increase their productivity and performance. It is a very powerful business tool. It is used to collect, store, manage, and interpret data from many business activities like Product planning, cost, Manufacturing or Service delivery, Marketing and Sales, Inventory management, Shipping, and payment, etc.
What is the most common ERP?
What is ERP and its example?
ERP software is very useful for large organizations. It comes in many modules:
o Human Resources
o Financial Accounting
o Supply Chain Management
o Customer Relationship Management
o Inventory
o Purchasing
o Project management
