Enterprise Resource Planning

Enterprise resource planning (ERP) systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application. The purpose of ERP is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders.

ERP systems can run on a variety of computer hardware and network configurations, typically employing a database as a repository for information.

Read more about Enterprise Resource Planning:  Characteristics, Functional Areas, Components, Best Practices, Modularity, Connectivity To Plant Floor Information, Implementation

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Enterprise Resource Planning - Comparison To Special–purpose Applications - Disadvantages
... Extensive training requirements take resources from daily operations ... OLTP, On-Line Transaction Processing) ERP systems are not well suited for production planning and supply chain management (SCM) Harmonization of ERP systems can be a mammoth task (especially for big companies ...

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