Enterprise Resource Planning (ERP) is a type of software that organizations use to manage and integrate the important parts of their businesses. An ERP software system can integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more into a single system, allowing for streamlined processes and information flow across departments.
By centralizing data and automating processes, ERP systems help businesses improve efficiency, reduce costs, and make better decisions based on real-time data. This holistic approach enables organizations to respond quickly to market changes and customer demands, ultimately enhancing their competitiveness in the marketplace.