What is ERP?
The acronym ERP stands for Enterprise Resource Planning, but what does that really mean for you and your business?
What ERP means in the real world is a computer system that allows you to manage ALL aspects of your business in one centralized place.
A solid, modern ERP system will have solutions for all the following areas:
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Accounting and Finance
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Order Management and Invoicing
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Shipping and Logistics
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Inventory Management
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Purchasing
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Materials Planning
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Manufacturing Planning and Execution
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Lead and Prospect Tracking
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Quoting and Estimating
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Customer Relationship Management
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Support Tracking and Escalation
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Service Management
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Project Management
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Contract Management
There are software apps that do the above… But depending on the complexity and requirements of your business you could easily end up managing (and paying for) 6-10 DIFFERENT software packages to get all that functionality!
In a nutshell, ERP puts all your business processes, data, and people in a single system so you can focus on running the business and not integrating software and managing information.