Enterprise resource planning (ERP) is business management software that is generally a set of integrated applications that a company uses to accomplish core commercial events, including:
ERP delivers an integrated real-time view of primary business processes, maintained by a database management system using common databases. ERP systems track business resources raw, cash, materials, production capacity and the status of business commitments: payroll, orders and purchase orders. The applications that make up the system share data across the various departments (manufacturing, sales, purchasing, accounting, etc.) that entered the data. ERP facilitates information flow between all business utilities and manages connections to outside stakeholders..
Enterprise system software industry produces components to support a variety of business functions. IT investments have become the largest category of capital expenditure in United States-based businesses over the past decade. Although early ERP systems focused mainly on large enterprises but still smaller enterprises progressively use ERP systems.
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