ERP or Enterprise Resource Planning refers to the use of a software system to manage and integrate the many different areas of a business. It can help to automate tasks, optimize workflows and track important data. Typically, an ERP system will typically be used by a company to manage finances, inventory, sales, and customer relations.
There are many different ERP systems available on the market, and it can be difficult to decide which is the best for your business. It is important to do your research and find a system that will fit the specific needs of your company.
ERP systems can be expensive, but they can often save the company money in the long run by optimizing workflows and reducing waste. They can also help to improve customer relations by providing accurate and up-to-date information about the company.
If you are thinking about implementing an ERP system in your business, be sure to consult with a qualified consultant to help you choose the right system for your needs.
What are the benefits of ERP?
Benefits of ERP include improved efficiency, better decision making, cost savings, streamlined processes, improved customer service, and enhanced collaboration.
How does ERP work?
ERP systems integrate all aspects of an operation — including product planning, development, manufacturing processes, sales and marketing — in a single database, application and user interface. This allows for more efficient communication between departments within an organization.
Fun Fact:
"According to Gartner, ERP (Enterprise Resource Planning) software is expected to reach $41.69 billion in worldwide revenue by 2022." (Gartner, 2019).