Enterprise Resource Plan - software that
integrates departments and functions across a company into one computer
system. ERP runs off a single database, enabling various departments to
share information and communicate with each other. ERP systems comprise
function-specific modules designed to interact with the other modules,
eg Accounts Receivable, Accounts Payable, Purchasing, etc.enterprise
resource planning. Software systems designed to manage most or all
aspects of a manufacturing or distribution enterprise (an expanded
version of MRP systems). ERP systems are usually broken down into
modules such as financials, sales, purchasing, inventory management,
manufacturing, MRP, DRP. The modules are designed to work seamlessly
with the rest of the system and should provide a consistent user
interface between them. ...An integrated system covering Financial and
Operations Management applications such as Production and Inventory
Management and with an enterprise wide scope. ERP is a term used to
describe a systems approach that goes beyond traditional MRP and DRP to
include additional application areas, advanced management methods and
advanced Information Technology. For manufacturers, the term ERP has
largely replaced the use of the term MRPII.
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