User:Nitin3010

'''== What is the ERP ? ==''' (A)What is the ERP definition? ERP is nothing but 'Enterprise Resource Planning'.Think about all the core processes needed or department's to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, ERP 'Integrates' these processes into a single system. (1)Benefits of ERP: (2)Higher productivity. (3)better insights. (4)Accelerated reporting. (5)Lower risk. (6)Simpler IT. (7)Improved Agility. (B)How do ERP systems work? An ERP system also called an ERP suite, is made up of different enterprise resource planning applications that talk to each other and share a database. Each application (aka ERP module) typically focuses on one business area. You can combine different modules to meet your needs. Finance & Accounting, human resources, sales, marketing, Inventory, Purchase, Customer Relationship Management(CRM), Engineering/ Production, Supply Chain Management (SCM) and logistics are popular starting points. There are also modules specific to industries – from manufacturing to retail. Types of ERP: 1)Cloud ERP. 2)On-Premise ERP. 3)Hybrid ERP.