Enterprise Resource Planning

ERP stands for Enterprise Resource Planning. It is a software system that is designed to manage and integrate core business processes, such as accounting, procurement, inventory management, human resources, and customer relationship management, across an entire organization.

An ERP system allows companies to streamline their operations and gain a better understanding of their business processes by providing a centralized database that can be accessed by different departments and functions within the organization. With an ERP system in place, companies can reduce redundancy, minimize errors, and improve communication and collaboration across departments.

Some popular ERP systems include SAP, Oracle, Microsoft Dynamics, and Infor. These systems are typically customizable to meet the specific needs of a particular organization and may be hosted on-premises or in the cloud.