When you search for “ERP” or “Enterprise Resource Planning” on the web, the sheer amount of information that appears can be overwhelming — not to mention a little confusing. Every website seems to have its own definition of ERP, and one ERP implementation can vary widely from the next. These differences, however, underscore the flexibility that can make an ERP system such a powerful business management tool.
To understand how an ERP solution can transform your business you need to take a step back and think about all of the various processes that are essential to running a business, including inventory and order management, accounting, human resources, customer relationship management (CRM), and beyond. At its most basic level, an ERP solution integrates these various functions into one complete system to streamline processes and information across the entire organisation.