An Enterprise Resource Planning (ERP) System is a comprehensive, integrated system of shared data and common workflows that enable organizations to better manage their internal operations. It is typically composed of several components, each designed to handle a specific aspect of the management process. ERP Components include modules for product planning, purchasing, inventory control, sales, marketing, finance, human resources management, and customer service. These modules share a single database, eliminating the need for redundant data and ensuring accuracy and consistency across the organization. With an ERP System, businesses gain greater control over their workflow processes, allowing them to streamline decision-making and respond quickly to changing market conditions.