ERP (Enterprise Resource Planning) is a software industry term for the broad set of activities supported by multi-module application software that helps a manufacturer or any other business to manage the important parts of its business, including product planning, parts purchasing, maintaining inventories, interacting with suppliers, providing customer service, and tracking orders. ERP can also include application modules for the finance and the human resource aspects of a business.
Enterprise Resource Planning (ERP) is a complete set of business applications consisting of several modules integrated in a centralized database, that runs across the organization, enabling you to cut costs; increase revenues across front- and back-office functions; and access current, accurate, and consistent data. In short, Enterprise Resource Planning (ERP) is a combination of the best business management practices and technology integrated with the company’s core business processes to achieve overall business objectives.