ERP
denotes enterprise resource planning. Enterprise
resource planning (ERP) is a business management application package that
enables an enterprise to avail a set of integrated tools or apps for the
utilization in business process. The various aspects of the business include
product planning, development, manufacturing processes, sales and marketing. Generally ERP software integrates all facets
of an operation or process.
ERP
software constitutes modules which are meant for specific purposes of the
organization. ERP modules include the following
- Product planning
- Material purchasing
- Inventory control
- Distribution
- Accounting
- Marketing
- Finance
- HR
The major advantage of ERP is systemization and incorporation of various processes in the business. This integration considerably benefits the business by saving the time and expenses
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