ENTERPRISE RESOURCE PLANNING

The full form of ERP stands for Enterprise Resource Planning. ERP is a process of integrating basic processes such as Finance, HR, Manufacturing, and Supply Chain into one single integrated system. ERP is a system that helps organizations to run their operations by integrating the basic operations systematically and smoothly.

  • An ERP system is integrated software that incorporates data from all the departments and processes it to use in the organization.
  • ERP software is the software’s superset
  • ERP mainly performs back-office activities.
  • The ERP software is Enterprise Oriented software.
  • ERP’s main objective is to reduce the organization’s operating costs