ERP - Enterprise Resource Planning. Understanding ERP System
Enterprise Resource Planning (ERP) refers to integration and management of crucial day to day business activities in any business organizations. The activities include manufacturing,procuring,accounting,etc. The importance of ERP is to maintain the flow of information in an organization so that to make the planning and decision process easy. ERP is a Software application that provides an organization with functionality for two or more systems. While some ERP packages initially covered two to three functions for an organization most ERP systems today cover almost all the business functions of an organization. Enterprise Resource Planning system, popularly known as ERP system, the descendant of MRPII offers the answer to the economic and productivity troubles of manufacturing and service enterprises. Thus, the ERP system has become very popular as an enterprise management software tool. Web-based ERP A fully integrated web-based ERP will capture and create accurate, consiste...