oboloo Glossary

Enterprise Resources Planning

oboloo Glossary

Enterprise Resources Planning

Enterprise Resources Planning (ERP) is a software system that helps businesses manage their daily operations and activities. It combines various software components to integrate the resources of the company, including financials, inventory, manufacturing, distribution, and human resources. ERP enables companies to access critical information in real-time, streamlining work processes and improving business intelligence. ERP systems are designed to make data and processes more efficient, organized and secure. With an ERP system, businesses can identify opportunities for growth and development, maximize customer relationships, and be better prepared for changes in the market.