What is ERP (Enterprise Resource Planning)?

What is ERP (Enterprise Resource Planning)?

Enterprise resource planning is the management of day-to-day business activities such as Accounting, Procurement, Manufacturing, Project Management, Supply Chain Management and other functional areas of an organization.

An ERP system is a unified platform for tracking all business operations which provides data integrity as a single source of truth.

Without an ERP system, data is siloed by departments which makes it difficult to share the data across a company. This slows down the ability to react to business needs and market changes.

Nowadays ERP systems are being used by thousands of organizations of all sizes and all industries.

ERP Platforms offers three key alignments: Strategic, Operational and Tactical. These alignments help business stakeholders make decisions based upon facts, not assumptions.

Leave a Reply

Your email address will not be published. Required fields are marked *