ERP (Enterprise Resource Planning)

An ERP system helps businesses manage and control their operations by integrating different aspects of their business into a single software solution. This can include areas such as accounting, inventory management, customer relationship management (CRM), and supply chain management.

ERP systems aim to provide a holistic view of an organization’s business processes and can be used to support various decision-making tasks. For example, an ERP system can help managers track inventory levels, understand customer buying patterns, or optimize production schedules.

While there is no one-size-fits-all definition of an ERP system, they are typically composed of modular software components that can be customized to meet the specific needs of a business. Many ERP vendors also offer cloud-based solutions that allow businesses to access their ERP system from anywhere in the world.