Enterprise Resource Planning is an integrated business management
software that helps companies streamline core processes, perfect resources, and
improve profitability. With access to the Internet, anytime and anywhere, data
can be accessed from anywhere around the globe. In this ever-changing technological
world, enterprise resource planning (ERP) is a tool that has revolutionized
business management to a great extent. It is a process mostly used in
developing small and medium companies. This includes managing businesses
partnerships, project portfolios, services, and company structure.
Enterprise resource planning (ERP) is a system for managing a
company's internal operations. It allows managers to assess the overall health
of their business by supplying integrated information on sales, purchases, inventory
levels, production schedules, financial performance and other vital metrics.
ERP systems are designed to supply an overall view of all aspects of
your business—from finance to marketing to sales—in one place so you can make
informed decisions about how best to allocate your
resources to maximize efficiency within each department while also allowing for
more comprehensive decision-making at the executive level.
The benefits of ERP include:
•
Efficient Business Management
of the Enterprise
•
Conceptualization and Creation
of New Businesses or Expansion of Existing Ones
