Resource planning for SMEs
February 19, 2021
Enterprise Resource Planning (ERP) systems are integrated systems for managing all phases of production and service-based businesses. These systems align human resources management, supply chain management, financial management, manufacturing, and distribution with fundamental and core accounting functions. These are real-time systems that make use of software technology to integrate the management of business processes.
An ERP system helps synergize the resources of the organization – it essentially creates a synergy of materials, money, machine, and human resources. To put this in context, an ERP system works to integrate the processes and data of an organization into a unified system accessible in real-time. A typical ERP system would achieve this integration by utilizing a combination of computer hardware and software components. A common feature in most ERP systems is a unified database where data is stored for and accessed by
tanmayFebruary 4, 2021 6
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