ERP software integrates all facets of an operation, including product planning, development, manufacturing processes, sales and marketing. It gives a company an integrated real-time view of its core business processes such as production, order processing, and inventory management.
ERP software is used to track business resources and the status of commitments made by the business (such as customer orders, purchase orders, and the employee payroll). No matter which department (manufacturing, purchasing, sales, accounting etc.) has entered the data into the system. ERP facilitates information flow between all business functions inside the organisation and manages connections to outside stakeholders.
Companies consider the ERP system a vital organizational tool because it integrates varied organizational systems and enables flawless transactions and production.
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