Glossary definition

What is Enterprise Resource Planning (ERP)?

Enterprise resource planning (ERP) definition

An enterprise resource planning (ERP) system is a type of software that integrates the management of day-to-day business operationssuch as finance and accounting, human resources, customer relations, inventory and product management, manufacturing, and sales. 

Connecting these operations under one suite can boost company efficiency and allow for real-time assessment of core business processes. A range of data is collected and analyzed by the software, which lets the user track resources, production, and finances across different sectors of the business continuously.

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