Enterprise Resource Planning
Short Definition
An integrated software system that organizations use to manage and coordinate key business functions such as finance, supply chain, production, sales, and human resources.
Context
Extended Definition
Enterprise Resource Planning (ERP) refers to a suite of integrated applications that centralize and automate core business processes within a unified database and platform. By connecting functions such as procurement, inventory management, finance, sales, and human resources, ERP systems eliminate data silos and enable real-time information sharing across the organization.
Contemporary ERP platforms operate in the cloud and incorporate analytics, automation, and AI to enhance decision-making and adaptability. They support transparency, compliance, and efficiency—key factors in digital transformation and sustainable growth. Beyond technology, ERP represents a managerial philosophy of integration and coherence, aligning people, processes, and information under a common strategic vision.
Contemporary Example
See also
Part of chapter: Glossary