What is ERP system?
ERP software’s are helping people all around the world in managing their business. So what is ERP? Is it a magical tool that can be used to make profit from any kind of business? Well sadly the answer is no, you still need a good product to earn profit but what ERP system can do is increase the efficiency of your business and we all know more efficiency means more profit. ERP stands for enterprise resource planning, well you know now what ERP stands for. Now let’s define 'what are the features of ERP system?' All business have different systems, like financials to watch th...
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What is the ERP software
What ERP stands for?
ERP stands for enterprise resource planning, well you know now what ERP stands for. So what is the ERP software? what does it do?
All business have different systems, like financials to watch the accounts, production to watch productivity, inventory to keep tracks of your supplies, sales to keep in bringing the customers, services to look into your customer needs and purchasing to shop for your product, now data of some of these systems are needed for the functioning of other systems, like data of sales system can be needed for production system which can be needed for finance. Various interfaces are used to transfer data from sales to manufacturing and than from manufacturing to financial. This can reduce the efficiency of the company and can cause data loss too. What ERP does it it creates a single database so no information is lost. ERP creates a single database so the right information can reach right person at right time. ERP comes with a ton of features and functions. Know all about what ERP can do in the article below:
