Glossary

ERP

Fact about ERP Enterprise resource planning (ERP) is business management software normally a collection of bundled apps which an organization may use to gather, retain, organize and interpret info from numerous company functions, including: Product {planning|scheduling}, cost. Manufacturing or service delivery. Marketing and sales. Enterprise Resource Planning (ERP) is an integrated business management software that […]

Fact about ERP

Enterprise resource planning (ERP) is business management software normally a collection of bundled apps which an organization may use to gather, retain, organize and interpret info from numerous company functions, including: Product {planning|scheduling}, cost. Manufacturing or service delivery. Marketing and sales.

Enterprise Resource Planning (ERP) is an integrated business management software that collects, stores, tracks and allows for analysis of core business functions within an organization. Core business activities managed with this system include inventory management, sales and marketing, shipping, production planning, accounting, and operations. Traditionally, a solution with origins in the Enterprise manufacturing space, Enterprise Resource Planning systems aim to provide Enterprise Resource Planning ERPan end to end solution seamlessly managing both the day to day tactical activities as well as feeding the top down strategic roles with business intelligence to streamline the businesses they serve.

Today the Enterprise Resource Planning moniker is way more encompassing referring to an integrated suite of applications that typically have front office capabilities (such as CRM) integrated with Back Office features (such as accounting and Financials) coupled with industry specific capabilities like project management and professional services automation (PSA) addressing the specific needs of the varying industries outside of the manufacturing world they serve. With the advent of Cloud and Software-as-a-Service (SaaS) solutions in the early 2000s ERP Online solutions has gained in popularity serving the more budget conscience small and mid-market organizations seeking integrated ERP solutions.

Core ERP Modules:

Todays’ ERP solutions typically touch all areas of the business. Here areas some of the core modules available in an Enterprise Resource Planning (ERP Online) solution:

-Customer Relationship Management (CRM)
-Procurement (SRM)
-Production (PLM)
-Distribution (SCM)
-Accounting
-Human Resources (HR)
-Corporate Governance
-Business Intelligence (BI)
-Enterprise Asset Management EAM
-E-Commerce

What does ERP mean? ERP vs CRM equal valuable programs that small to large businesses utilize to facilitate the maximization of the workforce.