Enterprise Resource Planning system, popularly known as ERP system, the descendant of MRPII offers the answer to the economic and productivity troubles of manufacturing and service enterprises. Thus, the ERP system has become very popular as an enterprise management software tool.
ERP is a Software application that provides an organization with functionality for two or more systems. While some ERP packages initially covered two to three functions for an organization most ERP systems today cover almost all the business functions of an organization.
As the name suggests, the term ERP referred to how a large organization planned to use a organization's wide resources. It was the larger companies that have opted to use the ERP systems initially. However, the use of ERP has changed and today the term can refer to any type of company, no matter what industry it falls in. In fact, ERP systems are used in almost any type of organization - large or small...Read More