ERP (Enterprise resource planning) is basically an integrated organization management system which uses a software application to facilitate the several sectors of the business, such as the flow of data between critical back-office functions, which may include financing, distribution, accounting, inventory management, sales, marketing, planning, human resources, Manufacturing. It integrates varied organizational systems and facilitates error-free transactions and production. ERP is designed to improve both external customer relationships and internal collaborations tasks. Activities that streamline work processes, shorten business process cycles, and increase user productivity.
ERP software systems are also implemented to enhance operational efficiencies, achieve, manage and streamline the company’s operational processes, increased productivity, reduced operating expenses, improved data flow, and optimal performance management. ERP software comes in many forms, including supply chain management, manufacturing, distribution, warehouse management, retail management, and point-of-sale software. ERP systems track business resources—cash, raw materials, production capacity—and the status of business commitments: orders, purchase orders, and payroll.