Here you finally get to figure out what ERP really is!
ERP is an acronym that stands for Enterprise Resource Planning. Enterprise Resource Planning is the integrated management of core business processes, often in real-time and mediated by software and technology.In simpler terms they are the systems or software solutons that help manage, monitor and maintain day to day business activities.
The activities that an ERP can manage include: Product planning, Marketing, Sales, Inventory, Accounting and many more. ERP's allow a seamless flow of multiple business systems. They enable the flow of a business or organizations data, collecting and organizing company data for optimazation.
ERP can be an intrcate part of an organizational structure as it has grown to become a multi-million dollar element of the business world. Early ERP focused heavily on large corporations but due to many innovations ERP has become almost completely customizable. This gives options for cloud businesses, small businesses and everything in between
Here's a little bit about what you need to know about the past.
For a more extensive history please click on the summary menu option.
True ERP's began to gain attention and recognition in the 1990's. Before ERPs gained the rep of being able to change an organizations funtionality and efficeincy overnight, there were elements that led to its birth. Those elements are explained in the summary section of this website. The Garter Group was the first organization to use the acronym ERP. ERP was initially an extention of the funtions of MRP II and computer integrated manufacturing. Although early ERP systems were based around manufacturing, as time passes ERP systems that are focused around other cores such as accounting or HR are developed.
There is so much more to learn:
Here is an overview of the types of ERP
There are various types of ERP software's depending on what an organization is in need of, in terms of organization and functionality. ERP systems can actually get so specific that a list of ERP systems with different functionalities would be incredibly long. I will be highlighting the general types of ERPs.