What is Enterprise Resource Planning (ERP)?

An Enterprise Resource Planning system is a software for managing business activities like resource management, accounting, risk and compliance, supply chain, and inventory management.

What is Enterprise Resource Planning (ERP)?

An Enterprise Resource Planning system is a software for managing business activities like resource management, accounting, risk and compliance, supply chain, and inventory management. ERP Systems centralize multiple business processes, streamlining dataflow, so that company owners can easily manage their enterprises. ERP also can remove data redundancy and improve data integrity by collating information into a single point. ERP systems help businesses make a budget for the upcoming season, determine a sales strategy, or forecast what items will be in demand for the foreseeable future. 

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Updated: January 12, 2023

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