Enterprise Resource Planning (ERP) is a comprehensive business management software system that integrates and automates core business processes across an organisation. It provides a centralised platform for managing multiple business functions:
- Financial Management: Accounting, budgeting, and financial reporting
- Supply Chain Operations: Inventory, procurement, and logistics management
- Human Resources: Employee data, payroll, and workforce management
- Customer Relationship Management: Sales, marketing, and customer service
- Manufacturing: Production planning, scheduling, and quality control
- Process Integration: Connecting different departments and functions into a unified system
- Data Centralisation: Creating a single source of truth for business information
- Real-time Analytics: Providing accurate insights for better decision-making
- Automation: Reducing manual tasks and improving efficiency
- Standardisation: Implementing consistent processes across the organisation
The primary objective of ERP is to streamline operations through:
Modern ERP systems are typically cloud-based, offering scalability, accessibility, and regular updates to meet evolving business needs.
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