Enterprise Resource Planning(ERP) is business management software that allows an organization to use a system of integrated applications to manage the business. ERP Software integrates all facets of an operation, including product planning, development, manufacturing processes, sales and marketing.
ERP Software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing.
Some of the more common ERP modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance and HR.
As the ERP Methodology has become more popular, software applications have emerged to help business managers implement ERP into other business activities and may also incorporate modules for CRM and Business Intelligence and present them as a single unified package.
The basic goal is to provide one central repository for all information that is shared by all the various ERP facets in order to smooth the flow of data across the organization.