Enterprise Resource Planning

ˈen.tər.ˌpraiz ˈriy.sɔhrs ˈplæn.iŋ / Enterprise Resource Planning (ERP)

Definition

Enterprise resource planning (ERP) is a process a company uses to integrate and manage its core or main business processes, often mediated by software or other technology.

ERP software is commonly used to effectively manage all the processes needed to run a business in a single system. These processes typically include accounting, supply operations, risk management, inventory, sales, marketing, human resource, and more.

ERPs allow a business to unify its departments by acting as a communication and sharing point.

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