An ERP system is a term used for the broad set of company activities, which is supported by computer software, and that helps the company manage its key operations, including: purchasing & inventory management, accounting & financial analysis, production planning and management, logistics management, public relationship management, human resource administration, sales management and so on.
ERP attempts to incorporate all departments and functions across a company onto a single computer system that can provide all the different departments' with their particular needs. ERP assimilates all the aspects of the manufacturing industries with state of art technology. ERP handles all aspects of organization like Finance, Inventory, Quality Control, purchase & distribution, Personal & Payroll. Sometimes it may not be possible to implement such wide-ranging software in one blow, but one can start with the basic essential modules and at the later date, when needed can upgrade the system by constructing the upper layers or implements independent modules of their choice. This ensures the continuous growth of the system in place along with your business. ERP is highly restricted hence most of the requirements of your organization are satisfied however it can be customized to any extent considering all the peculiarities of your business, it means system adapts to your practices and not you.
Modular software is a set of multiple standalone software components, each with its own function. Each module can be run independently but because of the nature of an ERP system, they are linked to automatically share information with other modules to form a more powerful system.
An ERP package is computer software that enables a company to provide and integrate data of various separate operations to achieve the above objective.
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