Enterprise Resource Planning (ERP) is a method of using computer technology to handle and combine core functions of a business enterprise, including sales, inventory, purchasing, accounting, and even human resources across an entire company. Enterprise Resource Planning is intended to facilitate information sharing, business planning, and decision making on an enterprise-wide basis. ERP acts as a planning backbone for a company’s business processes.
The fundamental advantage of enterprise resource planning is that integrating the myriad processes by which businesses operate saves time and expense. Decisions can be made more quickly and with fewer errors.
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