What is Enterprise Resource Planning (ERP)

Company-wide system for planning, controlling, and managing resources such as machines and staff, materials, and information in the sense of the corporate purpose in a timely and needs-based manner. Oracle and SAP are leading ERP vendors.

An approach to the provision of business support software that enables companies to combine the computer systems of different areas of the business—production, sales, marketing, finance, human resources, and so forth—and run them off a single database. Also defined as an application and deployment strategy to integrate all things enterprise-centric.

Systems are modular solutions based on principles of best practices that integrate activities across functional departments, from product planning to parts purchasing, inventory control, product distribution, and order tracking. They usually include application modules for the finance, accounting, and human resource aspects of a business.

Software systems for business management that integrates functional areas such as planning, manufacturing, sales, marketing, distribution, accounting, finances, human resource management, project management, inventory management, service and maintenance, transportation, and e-business.

A system is intended to manage all the information and functions of a business or organization from shared databases

ERP is business management software. It is usually a suite of integrated applications. A company can use to collect, store, manage and interpret data from many business activities.

The information pipeline system within a company, which allows the company to move internal information efficiently so that it may be used for decision support inside the company and communicated via e-business technology to business partners throughout the supply chain. It is an enterprise-wide set of forecasting, planning, and scheduling tool, which inks customers and suppliers into a complete supply chain, employs proven processes for decision-making, and coordinates sales, marketing, operations, logistics, purchasing, finance, product development, and human resources.

An integrated information system that serves all departments and functions within an enterprise

ERP is an acronym, which is usually referred to business management technology and software. Typically, it is referred to a suite of technology and software integrated applications that any type of an organization can use to save, collect, govern, and interpret data from its work activities.

An integrated software system that integrates many or all company functions into one package. ERP systems may include modules for manufacturing, supply-chain management, back-office operations, customer relationship management, human resource management and others.

It is an integrated information system that integrates all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software. ERP modules may be able to interface with an organization’s own software with varying degrees of effort, and, depending on the software, ERP modules may be alterable via the vendor’s proprietary tools as well as proprietary or standard programming languages. An ERP system can include software for manufacturing, order entry, accounts receivable and payable, general ledger, purchasing, warehousing, transportation and human resources. The major ERP vendors are SAP and Oracle specialising in transaction processing that integrates various departments. Information infrastructure, it is the technology infrastructure required to manage information in an organisation. It consists of the computers, software, data structures and communication lines underlying critical services that society has come to depend on. It consists of information systems which cover critical aspects such as financial networks, the power grid, transportation, emergency services and government services. This is required to implement an ERP system.

Integrates internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, CRM, etc. ERP systems automate this activity with an integrated software application. Its purpose is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders.

An accounting-oriented, relational database-based software system for identifying and planning the resource needs of an enterprise.

A process or approach that attempts to consolidate all of a company’s departments and functions into a single computer system that services each department’s specific needs.

It is a type of software system that helps organizations automate and manage core business prosses for optimal performance.

A complex information system that allows for organization-wide coordination and integration of key business processes. Essentially, ERP systems provide a single comprehensive information repository to collect operational data from various business processes in manufacturing, finance, accounting, human resources, sales, and marketing. Through the use of ERP systems, managers can access more precise and timely information for coordinating the operations of their organizations. Currently, SAP and Oracle are the biggest ERP software vendors in the world.

Automation and integration of a company's core business to help them focus on effectiveness & simplified success. ERP software applications can be used to manage product planning, parts purchasing, inventories, interacting with suppliers, providing customer service, and tracking orders. ERP can also include application modules for the finance and human resources aspects of a business.

An integrated information system that serve all departments within an enterprise.

Software designed to integrate human resources, accounting, and other core functions as a means of facilitating superior organizational performance.

A business management system that can integrate all facets of the business, including planning, manufacturing, sales, and marketing, through a common database. As the ERP methodology has become more popular, software applications have been developed to help business managers implement ERP in business activities such as inventory control, order tracking, customer service, finance and human resources.

An ERP contains the chart of accounts for the organization and it links the separate operations models across all departments or functions of an organization. It facilitates strategic planning and business analytics by providing the data with links to the goals through activity based costing and using codes for all transactions.

The ERP package aims at integrating all key business activities through improved relationships at all levels to achieve a competitive advantage. ERP systems can be considered an IT infrastructure able to facilitate the flow of information between all business processes in an organization.

An integrated software system comprising of all the organization’s core processes and backed up by an appropriate information and communication technologies (ICT).

ERP software attempts to integrate all functions of a company onto a single business process by automating the workflows so that the various different partners can more easily share information and communicates with each other. The ERP in the context of VISP is a virtual ERP with data sharing across ERPs of individual partners of VISP and is closed internally.

An integrated software system that supports all business functions in a company. Originally used mainly by large companies, they are now being deployed by small to medium sized enterprises as well. Examples include SAP, Oracle, EFACS, and Sage.

An integrated software package that supports all main business functions. Examples include SAP, Oracle, Infor and Epicor.

Enterprise management software that seeks to automate the daily routines of company management, automating the productive, financial, and administration processes.

An integrated suite of modules that are comprehensively devised to digitally sequence and streamline the business functions that include financial management, supply chain management, human resources, customer relations management, cost management and other industry specific modules.

A business management system that can integrate all facets of the business, including planning, manufacturing, sales, and marketing, through a common database. As the ERP methodology has become more popular, software applications have been developed to help business managers implement ERP in business activities such as inventory control, order tracking, customer service, finance and human resources.

Software systems for business management that integrates functional areas such as planning, manufacturing, sales, marketing, distribution, accounting, finances, human resource management, project management, inventory management, service and maintenance, transportation, and e-business.

A suite of software modules which manage the administration of a firm’s business processes, including inventory and cash transactions related to sales orders, work orders, purchase orders, financial and management accounting.

A set of software [computer] programs, capable of running on and linking computers and computing devices [PCs, PDAs, mobile phones, bar code readers, POS machines, CNC machines], regardless of their make, model, and numbers; across offices, production floors, plants, warehouses, regardless of their location; in real time and on-line mode; integrating all ‘business processes’ [BPs] across functional areas like marketing, sales, logistics, production, quality assurance, materials, stores, maintenance, accounting and finance, human resource… automating as many ‘BPs’ as feasible; through a common data base; for the unified purposes of… optimised enterprise wide resource usage.

It is an enterprise information system implemented to integrate and optimize the business processes and transactions in a corporation, with the main goal of standardize and integrate business processes for accelerating access to shared data stores across the organization. ERP represent the first form of information technology (IT) introduced by the firms for supporting their competitive advantage.

The current state-of-the-art approach to running organizations with the help of information systems that provide support for key business processes and, more general, for electronic business (e-business).

An integrated software application that integrates internal and external management information across an entire organization—embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc.

Software systems for business management that integrates functional areas such as planning, manufacturing, sales, marketing, distribution, accounting, finances, human resource management, project management, inventory management, service and maintenance, transportation, and e-business.