What is ERP Full Form & What Does ERP Stand for Business?

ERP Full form refers to Enterprise Resource Planning, the leading software used by numerous companies to manage their business activities effectively. In the previous article, I covered all the essential points about what an ERP System is.

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.

It have many kind of erp software some are desktop and some are based on cloud. What is cloud erp and how it works?

There are many modules which used by erp system and business administrator.

Main Components of ERP

1. Financial Accounting
2. Manufacture and Distribution
3. Customer Relationship Management
4. Human Resources with Payroll features
5. Stock and Sales figures
6. 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

1. Purchasing
2. Inventory Management
3. Material Planning
4. Invoice Verification
5. Material Requirement Planning (MRP)
6. Warehouse Management
7. 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