What does ERP software contain
ERP - Enterprise Resource Planning
Definition of ERP - Enterprise Resource Planning
The SoftSelect Glossary / Lexicon briefly answers your questions about terms and abbreviations from the areas of the IT software and high-tech industry.
Definition and explanation of ERP - Enterprise Resource Planning:
ERP is the abbreviation for Enterprise Resource Planning, translated Business resource planning. ERP systems are business management Software solutions to control business processes. They are used to control and manage operational resources such as capital, personnel or means of production in the best possible way.
Task and importance of ERP systems
ERP systems are used in all operational areas, from administration to controlling. They can be holistic as well as specially designed and fulfill various tasks for the provision and further processing of information. This simplifies and automates work processes and saves time, money and effort for the company.
ERP software for various company areas
- Finance: ERP supports bookkeeping, budgeting, risk management, creation and evaluation of analyzes and reporting
- Inventory management: ERP supports procurement, needs assessment, warehousing, order processing, disposition or evaluation
- Research and Development: ERP supports knowledge management, budget control, project evaluation, resource planning, milestone management, information management
- Distribution: ERP supports quotation control, order processing, price management, incoming goods, invoice processing and the creation of sales forecasts
- Human Resource: ERP supports personnel planning, personnel development, personnel recruitment, personnel controlling and payroll accounting
Applications are increasingly being integrated into ERP software via the Internet or the company network. These can be modules for customer relationship management, for example, or applications to expand added value through e-commerce, e-business and other electronic processes. The size of the company determines the requirements for ERP software. Small and medium-sized enterprises (SMEs) usually do not have integrated controlling and accounting modules. In addition, there are numerous industry solutions that are specially tailored to the requirements of various industries.
Under ERP software comparison you have the opportunity to find suitable solution offers that optimally meet your specific requirements. Under ERP system you will also find further information on common ERP solutions or read a more detailed explanation on what is ERP? in our knowledge pool.
More detailed information on abbreviations, definitions and questions in the IT sector
Here you will find further explanations and information from our experts on the definition of the term: What is ERP - Enterprise Resource Planning?
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