Enterprise Resource Planning
ERP (Enterprise Resource Planning) is a business term for the wide-ranging set of activities that helps a business accomplishes the important parts of its business. The information made available through an ERP solution offers visibility for key performance indicators (KPIs) required for meeting corporate goals. ERP applications automate and support a range of administrative and operational business processes across multiple industries, including line of business, customer-facing, administrative and the asset management aspects of an enterprise. ERP business solutions can be used to manage product planning, parts purchasing, inventories, interacting with suppliers, providing customer service, and tracking orders. ERP assists information flow between all business functions, and manages connections to outside stakeholders.