What does ERP stand for?
You may have been asked to find ERP software for your company but are still wondering, “What is an ERP system?” An internet search of the term “ERP” will yield quite a bit of information, and not all of it is helpful. So let’s start with an ERP definition: ERP stands for Enterprise Resource Planning, which refers to the management of business processes in an organization. These processes typically include:
- Financials
- Production planning
- Engineering/manufacturing
- Shop floor control
- Sales
- Inventory management
- Purchasing
- Quality