Enterprise Resource Planning (ERP): A suite cross-functional enterprise resource planning (ERP) software for the packaged goods industry developed by Oracle Corporation and his business partners. It is a process whereby a company, often a manufacturer, manages and integrates the important parts of its business. ERP software focuses on supporting the supply chain processes involved in the operations of a business.
It is a process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance, human resources, etc.
ERP is most frequently used in the context of software. It is a modular software system designed to integrate the main functional areas of an organization’s business processes into a unified system. As the Methodology has become more popular, large software applications have been developed to help companies implement ERP in their organization.