2. What is ERP?
• ERP stands for Enterprise resource planning.
• ERP is a process used by companies to manage and integrate the important parts
of their businesses.
• It refers to a type of software that organizations use to manage day-to-day
business activities such as accounting, procurement, project management, risk
management and compliance, and supply chain operations.
• A complete ERP suite also includes enterprise performance management,
software that helps plan, budget, predict, and report on an organization’s
financial results.
3. Features and module of ERP
• Some major module of ERP Software is:
• Human resource
• CRM
• Finance/accounting
• IT Helpdesk
• E-Commerce
• Supply Chain Management
• Order processing
• Inventory and procurement
4. Benefits of ERP
These are some benefits after implementing ERP Software are:
• Reduce software overhead
• Increased Communication
• Silo reduction
• Standardization of manufacturing process
• Inventory reduction
• Standardization of human resource information
