What is Enterprise Resource Planning (ERP)?

Understanding Enterprise Resource Planning (ERP)

Enterprise Resource Planning (ERP) is a type of software system that organizations use to manage and integrate the crucial parts of their businesses. An ERP software system can integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more. The fundamental feature of all ERP systems is a shared database that supports multiple functions used by different business units. In practice, this means that employees in different divisions —