Enterprise Resource Planning (ERP) is the latest high end business application in the field of Information Technology. An ERP software solution seeks to streamline and integrate operations, processes and information flows in an organization. ERP software solutions typically cover all basic business process or functions of any organization.
ERP module includes Manufacturing, Supply Chain, Financials, Customer Relationship Management (CRM), Human Resources, Warehouse Management etc. All these modules are basically for backoffice solutions and do no directly involve public into it. In general, ERP is an enterprise wide software solutions.
ERP comes with different flavors depending on the type of business or industry. Specific industries like Finance, Education, Healthcare, Communications, Information Technology, Legal Industries etc, make use of ERP modules for their business process.
The ERP solution enables in automating and facilitating the flow of data between critical back-office functions, which may include financing, distribution, accounting, inventory management, sales, marketing, planning, human resources, manufacturing, and other operating units. ERP is designed to improve both external customer relationships and internal collaborations by automating tasks and activities that streamline work processes, shorten business process cycles, and increase user productivity.
The implementation of an ERP software application can result in increased productivity, reduced operating expenses, improved data flow, and optimal performance management.