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