Enterprise resource planning: (noun); An accounting-oriented information system for identifying and planning the enterprise-wide resources needed to take, make, ship, and account for customer orders.
Referenced from:- the APICS Dictionary, 10th edition
Enterprise resource planning (ERP) systems started as a means for inventory control and grew to replace islands of information by integrating traditional management functions, such as financials, payroll, and human resources, with other functions including manufacturing and distribution. Currently, the complexity of business is creating ne…
