Enterprise Resource Planning (ERP), by definition, helps companies better plan their resources to use them more effectively.
Software products were developed for resource planning and are commonplace in the day-to-day operations of many businesses. ERP solutions integrate all the various departments of a business and act as a data warehouse. It allows companies to store, manage, collect and interpret data from across their business.
These systems house information from various departments such as accounting, sales, human resources, manufacturing, etc. When companies start to grow, greater barriers emerge to communication; ERP helps to tackle this problem as these integrated systems help inform decision, makers. In simple terms, ERP helps employees to do their job more efficiently as it enables informed decision-making.
