Glossary · E
ERP
Enterprise Resource Planning
An integrated system for core business operations
What it means
Enterprise resource planning software connects areas such as finance, purchasing, inventory, production and sales through shared records and processes. The available modules vary by product. Examples include SAP, Microsoft Dynamics 365 Business Central, Comarch ERP, Odoo and Oracle NetSuite.
What it means for a business
A manufacturer can use an ERP to connect orders, purchasing, stock movements and accounting. Implementation requires decisions about data, processes, integrations and training. The appropriate scope and schedule depend on the business rather than a fixed employee threshold.