Enterprise resource planning (ERP) is business management software or a software suite of integrated applications, that a company can use to collect, store, manage and interpret data from many business activities such as
Product planning, cost
Manufacturing or service delivery
Marketing and sales
Shipping and payment
ERP systems track business resources such as cash, raw materials, production capacity etc. and the status of business commitments such as orders, purchase orders, and payroll.
The applications that make up the system share data across the various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP facilitates information flow between all business functions, and manages connections to outside stakeholders.
ERP provides an integrated view of core business processes using common databases. It integrates varied organizational systems and facilitates error-free transactions and production.
ERP systems run on a variety of computer hardware and network configurations, typically using a database as an information repository.
Though early ERP systems focused on large enterprises, smaller enterprises increasingly use ERP systems.
Examples of ERP software systems include:
SAP ERP, which is part of the applications in the SAP Business Suite (and SAP Business All-In-One software) by SAP.
mySAP from SAP
SAP Business ByDesign from SAP
SAP Business One from SAP
JD Edwards EnterpriseOne from Oracle
JD Edwards World from Oracle
Microsoft Dynamics AX (formerly Axapta) from Microsoft
Microsoft Dynamics GP (formerly Great Plains) from Microsoft
Microsoft Dynamics NAV (formerly Navision) from Microsoft
Microsoft Dynamics SL (formerly Solomon) from Microsoft
Oracle E-Business Suite from Oracle
Oracle Fusion from Oracle
Tally.ERP 9 from Tally Solutions