ERP stands for Enterprise Resource Planning – it’s the technology-driven process of managing and optimizing a company’s procurement activities. With an ERP system, businesses can track every step in the supply chain, from order placement to delivery, meaning they can make sure their resources are used efficiently and orders are fulfilled on time. With improved visibility and control over their procurement processes, companies can maximize their profits and minimize the risk of costly delays or mistakes. ERP technology is an invaluable tool for staying competitive in a global economy!