What is the Full Form of ERP?

What is the Full Form of ERP?

The full form of ERP is Enterprise resource planning. ERP is a company-wide computer software system used to manage and coordinate all the resources, information, and functions of a business from shared data stores.

The initials ERP originated as an extension of MRP (material requirements planning; later manufacturing resource planning) and CIM (Computer Integrated Manufacturing). MRP evolved into ERP when "routings" became a major part of the software architecture and a company's capacity planning activity also became a part of the standard software activity. ERP systems typically handle the manufacturing, logistics, distribution, inventory, shipping, invoicing, and accounting for a company. ERP software can aid in the control of many business activities, including sales, marketing, delivery, billing, production, inventory management, quality management and human resource management.

ERP II are next generation of ERP software. This new generation of software is web-based, and allowed both internal employees, and external resources such as suppliers and customers real-time access to the data stored within the system. ERP II is also different in that the software can be made to fit the business, instead of the business being made to fit the ERP software.

Source: http://en.wikipedia.org/wiki/Enterprise_resource_planning

9 comments:

Bridgelogic said...

Erp is not fail, we are developer of erp and make many success erp, yes the growth rate of erp in india is low, but hope that it rapidly growth.

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Dealer Portal said...

ERP is a vast subject and its scope of study extends to diverse areas. In order to have a good understanding one needs to keep abreast of issues ranging from implementation and deployment of ERP. ERP calls for constant modifications and up gradations.

Market Analysis said...

ERP Software market in India to grow at a CAGR of 22.2 percent over the period 2011-2015. One of the key factors contributing to this market growth is the growing demand of ERP in SMBs. The ERP Software market in India has also been witnessing the growing adoption of SaaS-based ERP. However, the high cost of ERP packages could pose a challenge to the growth of this market. ERP Software in India

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University ERP said...

The full form of ERP is Enterprise resource planning. It is used by many companies to achieve and organize all the capitals, material, and functions of a management from shared data stores

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