Glossary

Enterprise Resource Planning (ERP)

Enterprise Resource Planning (ERP) refers to a type of software that organizations use to manage and integrate the important parts of their businesses. An ERP software system can integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more. By facilitating the flow of information between all business functions inside the boundaries of the organization and managing the connections to outside stakeholders, ERP systems can drive efficiency, lower costs, and increase profitability.

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