Enterprise Resource Planning
As the name suggests, Enterprise Resource Planning (ERP) seeks to encompass all aspects of a business/enterprise within one suite of custom-designed, system applications. ERP generally uses modules set up to group common areas together so that they can interact to produce the best final product. These functional areas can include:
- Finance & Accounting
- Project Management
- Human Resources
- Order Processing
- Supply & Inventory Management
- Customer Relations & Marketing
ERP is mostly designed within a set of database applications managed by an overall Database Management System. ERP is a long-term process but the end result is a custom-designed suite of applications for each customer. This allows the customer to have input on exact specifications on how the programs will work and interact.
Typically, ERP systems also require a specialized team to develop, install, manage, and support them.