erp

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Question Answer
what does acronym erp stand for?
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enterprise resource planning
what is the goal of erp?
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the goal is to integrate business process across the entire organization
what does erp provide managmenet with?
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it provides management with comprehensive overview of the whole business enabling better forecasting, decision-making and control
what is at the core of erp?
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at the core of erp is a centralized data repozitory
what is the purpose of data repository?
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it exchanges and stores data from every department in the organization via universal computing platfrom
what did the situation look like in the past?
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in the past separate functions such as supply chain, hr and financials each had their own independent software
what is the situation like now?
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now they all work under a single umbrella

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