ERP (Enterprise resource planning) is business management software that allows an organization to use a system of integrated applications which helps to manage the business and automate many back office functions related to technology, services and human resources. ERP software helps a business in managing different operations like product planning, development, manufacturing, sales and marketing.
ERP software is considered an business application as it is designed to be used by large businesses and usually requires dedicated teams to customize and analyze the data and to handle upgrades & deployment. On the other hand, ERP applications for Small business are lightweight business management software solutions, customized for the business industry you work in.
ERP software is typically a combination of multiple enterprise software modules that are purchased individually, based on what best meets with the specific need and technical capabilities of the organization. Each and every ERP module is focused on one area of business processes, such as Marketing or Product Development. A business can use ERP software to manage all the activities of back-offices and tasks which includes the following:
Distribution process management, supply chain management, services knowledge base, configuration, prices, improves accuracy of financial data, facilitate better project planning, automate employee life-cycle, standardize critical business procedures, reduce redundant tasks, assess business needs, accounting and financial applications, lower purchasing costs, manage human resources and payroll. Some of the common ERP modules includes those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR.
As of today ERP methodology has become more popular, software applications have emerged to help business peoples to implement ERP in to other business activities and may incorporate modules for CRM and business intelligence, presenting it as a single unified package.
The main goal of using an ERP system is to provide one central repository for all information that is shared by all the various ERP facets to improve the data flow across the organization.
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