ERP is the acronym of Enterprise Resource Planning. Enterprise Resource Planning systems attempt to integrate several data and processes of an organization into a unified system. ERP utilizes ERP software applications to improve the performance of organizations' resource planning, management control and operational control. A typical ERP system will use multiple components of computer software and hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules.

ERP software is multi-module application software that integrates activities across functional departments, from product planning, parts purchasing, inventory control, and product distribution, to order tracking. ERP software may include application modules for the finance, accounting and human resources aspects of a business. Some examples of the ERP software are SAP, PeoplSoft, Oracle and NetSuite.

ERP system delivers a single database that contains all data for the software modules, which would include:

Manufacturing

Engineering, Capacity, Workflow Management, Quality Control, Bills of Material, Scheduling, Cost Management, Manufacturing Process, Manufacturing Projects and Manufacturing Flow.

Supply Chain Management (SCM)

Inventory, Supplier Scheduling, Inspection of goods, Order Entry, Purchasing, Product Configuration, Supply Chain Planning, Claim Processing, Commission Calculation.

Financials

General Ledger, Cash Management, Accounts Payable, Accounts Receivable, Fixed Assets.

Projects

Costing, Billing, Time and Expense, Activity Management.

Human Resources

Human Resources, Payroll, Benefits, Training, Time & Attendance.

Customer Relationship Management (CRM)

Customer Contact, Call Center support, Sales and Marketing, Commissions and other related services.

Data Warehouse

Various self-serve interfaces for Customers, Suppliers, and Employees.

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