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.