Fundamentals of Enterprise Resource Planning

Main objective of this article is to discuss the fundamentals of Enterprise Resource Planning. Enterprise resource planning is common business management software—usually any suite of integrated applications—that a firm can use to recover, store, manage and interpret data from many business actions, like: product planning, Marketing and sales, inventory management, transport and payment. ERP provides a built-in view of core business processes, usually in real-time, using common databases maintained by a database management process. The main objective of Enterprise resource planning would be to provide a centralized and unified repository for all details that may be shared by all departments for speedy and smooth operations from the company.