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Business

ERP

Also known as: Enterprise Resource Planning

Reviewed by Glintr Learn ReviewersUpdated 5 min readArea: Business
Quick Answer

What is ERP?

ERP software unifies core business processes — finance, HR, supply chain, and operations — in a single system of record.

Definition

Enterprise Resource Planning platforms like SAP, Oracle, and NetSuite integrate cross-functional data so that a purchase, invoice, or stock movement flows automatically through accounting, inventory, and reporting.

Applications

  • Manufacturing operations
  • Financial consolidation
  • Procurement and inventory
  • Human capital management

Advantages

  • Single source of truth
  • Better cross-department reporting
  • Standardised processes

Limitations

  • Long, expensive implementations
  • Requires organisational change management
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