ERP is the acronym of Enterprise Resource Planning. ERP utilizes ERP software applications to improve the performance of organizations' resource planning, management control and operational control. ERP software is multi-module application software that integrates activities across functional departments, from product planning, parts purchasing, inventory control, product distribution, to order tracking. ERP software may include application modules for the Finance, Accounting, and Human Resources aspects of a business.
The ultimate goal of an ERP system is to improve and streamline internal business processes, which typically requires reengineering of current business processes.
