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Enterprise Resource Plan

oboloo Glossary

Enterprise Resource Plan

Enterprise Resource Planning (ERP) is a business management system that integrates all facets of an organization, from financial planning to operation and inventory control. It uses software to automate the processes required for efficient resource use in areas such as manufacturing, human resources, and supply chain operations. ERP systems allow companies to streamline their processes, improve visibility into operations, and reduce costs by eliminating manual processes and creating more efficient workflow. As a result, businesses can make better decisions, increase efficiency and productivity, and boost profits.

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