Glossary · letter E
ERP
Enterprise Resource PlanningEnterprise resource planning system
Definition
Integrated software covering accounting, warehouse, HR and production and sales modules in a single platform. Most popular: SAP, Microsoft Dynamics 365 Business Central, Comarch ERP XL, Odoo, Oracle NetSuite.
Business application
A manufacturing company with more than 50 employees typically implements a full ERP to avoid the situation where production and warehousing have different stock levels than accounting — three different versions of the truth about how much inventory the company holds. ERP is critical infrastructure — implementation takes 6–18 months.