What is Enterprise Resources Planning (ERP)

1.

A software package that is composed of standard modules connected directly to a single database and could cover all business processes of a firm. Learn more in: From On-Premise ERP to Cloud ERP

2.

Is a software application that integrates all departments and functions across a company - such as accounting, marketing, and purchasing - into a single computer system that can serve each department’s particular needs. When something happens in one area the impact is immediately known throughout the entire organization. Learn more in: Integrating ERP into the Curriculum

3.

A kind of software which main goal is to integrate all data and processes of an organization into a unified system. Learn more in: Enterprise Resource Planning Systems for Small and Medium-Sized Enterprises

4.

A software application that integrates (or attempts to integrate) all data and processes of an organization into a single unified system. A key ingredient of most ERP systems is the use of a single, centralized database to store data for the various system modules. Learn more in: ERP Integration into Existing Courses: A Three-Step Approach

5.

These are typically integrated systems that can provide the infrastructure for a wide range of processes including human resources, procurement/supply chain, call-center/sales-force automation, and financial/accounting. Usually this refers to packaged software provided by vendors such as PeopleSoft, SAP, Oracle, Lawson, JD Edwards, and Baan. The advantages of these systems are that they typically allow for improved enterprise application integration and are part of an overall business process reengineering (BPR) to improve the company’s processes. Learn more in: ‘Stream of Training' Approach in Project Management Training

6.

Framework for organizing, defining, and standardizing the business processes necessary to effectively plan and control an organization so the organization can use its internal knowledge to seek external advantage. Learn more in: Advance Information Sharing in Supply Chains

7.

A software package that is composed of standard modules connected directly to a single database and could cover all business processes of a firm. Learn more in: From On-Premise ERP to Cloud ERP