ERP denotes Enterprise Resource planning. Enterprise Resource Planning (ERP) is a Business management application package that enables an enterprise to avail a set of integrated tools or apps for the utilization in business process. The various aspects of the business include product planning, development, manufacturing processes, sales and marketing. Generally ERP software integrates all facets of an operation or process.
ERP software constitutes modules which are meant for specific purposes of the organization. ERP modules include the following
- Product planning
- Material purchasing
- Inventory control
- Distribution
- Accounting
- Marketing
- Finance
- HR
The major advantage of ERP is systemization and incorporation of various processes in the business. This integration considerably benefits the business by saving the time and expenses
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