planning (ERP) is a business concept used by companies to manage and integrate the
important functions of their businesses.The ERP system can also integrate
planning,sales,marketing,finance,customer service and human resources.ERP integrates
all the business processes of an organization like ERP for discrete manufacturing,
process based manufacturing,ERP for service centers,import,export,construction
companies,preschool chains,retail chains and tour and travels to enhance the
efficiency and maintain the competitive position in the global market.ERP has
evolved from a system known as manufacturing requirement planning.ERP can also
be called as business operating system.ERP system also known as an ERP suite is
made up of different applications that communicate with each other and share a
database.There are certain core processes that run a business.They are finance,
HR, manufacturing,supply chain and services.The function of ERP is to basically
integrating these processes into a single system.New ERP systems use the latest
technologies like machine learning and Artificial Intelligence.ERP software
consists of multiple enterprise software modules that are individually purchased
There are various new computing
trends that have an impact on the growth of ERP software.
The ERP software
enables greater accuracy and collaboration between the organisation's departments.ERP
systems thus allow reports to be generated from a single centralized system.
business owners won't have to rely on multiple programmes due to ERP software.Thus
data migration and analysis have not become
too complex and time consuming.