What is ERP Full Form & What Does ERP Stand for Business?
- Saudi ERP & Website Solution Blog September 14,2023
In previous article I have added all the point about what is ERP System?
ERP is the world best enterprise resources panning software which is used by many companies and to manage their business activities. What does ERP Full form or what does ERP stand for and meaning of ERP?
ERP Stand for Enterprise resources planning (ERP) software which is invented by garner group in 1960s.
ERP software is the place of where the company integrate their Financial activities like HR, logistics, Sales, Finance, Production etc. from single machine (computer) it serve to all department team need.
What is ERP Full Form.
In the modern age of the world the erp full form elaborate as Enterprise resources planning. erp invented 1960s by Garner Group improve the performance of business process or Which control the business financial activities from one software system it based on your PC.
There are many modules which used by erp system and business administrator.
Main Components of ERP
- Financial Accounting
- Manufacture and Distribution
- Customer Relationship Management
- Human Resources with Payroll features
- Stock and Sales figures
- Manufacturing Resource Planning
What does ERP Stand for in Business and how it work
ERP stand for enterprise resources planning Erp software help to implement all functions of company and it give you to plan track and utilize all business resources of company. You can manage the company through erp system by reporting collecting organizing all business activities.
Main ERP Modules
- Inventory Management
- Material Planning
- Invoice Verification
- Material Requirement Planning (MRP)
- Warehouse Management
- Vendor Valuation
Read complete Sap ERP module Guide
Major ERP Benefits are customer satisfaction batter information quick action, time save high productivity, delivery time inventory control