Enterprise Resource Planning (ERP) systems are large,
company-wide systems that managers utilize to integrate
information across various functions, such as manufacturing,
R&D, procurement, distribution, sales, accounting,
and human resources.
ERP is a precise approach to running a business
at peak efficiency so that there is minimal overlap
between functions, while also strengthening the ability
of the organization to forecast future performance.
Enterprise resource planning systems gives management
the tools to make effective decisions impacting everything
from the supply chain to customer relationship management.