What Is ERP? Enterprise Resource Planning Systems Explained
CIO, Friday, May 10th, 2024
Enterprise resource planning (ERP) systems standardize, streamline, and integrate processes across a wide range of business functions. Here's what to know about these critical IT systems.
Enterprise resource planning (ERP) is a system of integrated software applications that manages day-to-day business processes and operations across finance, human resources, procurement, distribution, supply chain, and other functions. ERP systems are critical applications for most organizations because they integrate all the processes necessary to run their business into a single system that also facilitates resource planning. ERP systems typically operate on an integrated software platform using common data definitions operating on a single database.