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ERP stands for Enterprise Resource Planning. It is software used by business organizations to manage their day-to-day activities. The software is recognized for its usage across areas of accounting, procurement, project management, risk management and compliance, and supply chain operations. ERP is considered a flexible and powerful business tool.
The full form of ERP is Enterprise Resource Management. Within organizations, the tool work in the following way-
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Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities.
The uses of an ERP tool are-
Despite loads of plus points, ERP also comes with a bunch of limitations. Those are-
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