Enterprise Resource Planning (ERP) systems are software systems that help organizations automate and manage core business processes for optimal performance. They tackle the core tasks of managing and integrating business processes in real-time. ERP software coordinates the flow of data between a company’s business processes, providing a single source of truth and streamlining operations across the enterprise.
ERP systems are important for many reasons.
The components of an ERP system depend on the organization’s needs. However, there are key features that each ERP should include such as finance, human resource, logistics and manufacturing, supply chain management, and customer relationship management. Other components may include distribution, assembly, materials management and more.