What Does Erp Stand For 

ERP stands for Enterprise Resource Planning maintaining the key functions of an organization or a company in one system or software. The basic purpose of ERP is to combine all the functions of an enterprise like finance, HR, Marketing, warehousing in one system instead of deploying them in number of standalone systems. Software used for this purpose contains the data of all departments in the form of sub modules. A key advantage of this software is that different departments can coordinate among themselves for the betterment of a company. Like, department of finance can check the module of warehouse to confirm that an order was completed in due time or not. So ERP is a best solution for inter departmental monitoring of a company through one platform.

The history of this term dates back to 1990's when a term Materials Requirement planning (MRP) that later termed as Manufacturing Resource Planning or Computer Integrated Manufacturing was used by a group named as Gartner. ERP packages does not started readily from the manufacturing process rather different vendors started with different aspects like finance, marketing and Human Resource. In the mid 1990's ERP started to cover all the functionalities of an enterprise. After that many organizations of government and other nonprofit organizations started to implement this system.

The core functionalities of ERP includes an integrated system of financial services, placing information of customer order and storing the history of customer and his transactions, streamlining all the processes of manufacturing, leveling the HR standards, analyzing the information of productivity for employees and their benefits stored in one place, allowing the monitoring of a process among different departments, availability of limited and monitored information of the company to the users depending on their needs and allowing marketing and management department to analyze the needs of their clients and fulfill them according to their needs. This article is reading about the what does erp stand for. There are many advantages for using this system. One of the main advantages is that all the data of a company is stored to one central location, so it provides the ease of access and security of data. Users are granted limited access according to their needs so the constant monitoring of employees is not required. As system is divided into different modules and each employee is trained for using a module of its concerned so there is a significant increase in the overall productivity of a company. ERP provides the ease of file sharing also.