What is ERP?

Business have to deal with lot of data across the company. Generally Mid to large scale type organization appoint many people to perform different task to run the business. Those people work in different department like

Accounts Department

Marketing department

Production Department

Selling Department

Logistic Department

Supply Chain management Department

Enterprise resource planning (ERP) is one kind of Powerful Business management software which can collect, store and manage data across the company and reduce redundant data entry. It is an integrated business solution that can share data across different department as per user Access and authentication.

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Example:

ABC is a pharmaceutical Company that basically manufacture and sale Medicine. To manufacture medicine the production department can pull all historical data from the system and assume how much quantity of finished goods need to be produced. After   measuring the quantity they can   check the availability of the Inventory. If there is sufficient quantity of raw material, manager can go for production otherwise he can request to procurement manager for procure raw material. After starting production, marketing and selling manager can know that is the current state? What is WIP? What is the Pipeline so he can set his marketing and selling plan accordingly.  
  

After Production all finished goods sent to warehouse. Selling department sell or transfer the product from the warehouse so management can understand the real-time stock position and sales status. Accounts department can calculate Cash and credit and aging of credit Which are very helpful tool control business.   

Conclusion: ERP is a management software where business user gets data from a single source he help the business more efficiently.