Posted in Operations and Supply Chain Terms, Total Reads: 1670
Definition: ERP (Enterprise Resource Planning)
Every organization has some information which needs to be managed properly for have efficiency and optimization in the business process. ERP helps in the management of this information by proper integration of the information among different parts of the organization, within or outside the organization and among all the stakeholders. It includes information from all the functions like sales, marketing, finance, human resource, logistics, planning etc. and automatically connect all the division by means of IT based application, computer hardware and software.
This facilitates the easy flow of information across various divisions of the organization and helps easy processing of the data. This ultimately helps the end user as they get better service and organization also saves its resources like time and money.