ERP is the acronym for Enterprise Resource Planning. Just think about all the core level processes required to efficiently run a company namely, finance, HR, manufacturing, supply chain, services, procurement etc. Do you think it is quite easy to manage all this workload manually and devoid of any errors? Never! It is here that the need to have a dedicated ERP solution arises. At its most basic level, ERP integrates these processes into a single system and automates the managing process.
An ERP system, also called an ERP suite, is made up of different enterprise resource planning applications that talk to each other and share a database. Each application (aka ERP module) typically focuses on one business area. You can combine different modules to meet your needs. Finance, human resources, sales, and logistics are usual starting points. There are also modules specific to industries – that range from manufacturing to retail.
ERP’s are the essential ingredient for the growth of any business in the 21st century. As a business begins to scale up, will be almost impossible to keep up the manual records and it will be a tedious job. That’s where ERPs make sense. ERPs are designed to make your lives simpler and will take away the pain in managing a business.
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