Enterprise Resource Planning
Technological Advances
In the past, Enterprise Resource Planning (ERP) software used to be only within the reach of companies that can afford the seven figure outlays to design such systems. Today, due to the advances in computer technology of the last decade, customized ERP systems are economically feasible for small-to-medium sized businesses whose needs are just as important.
What is an ERP system?
An ERP software solution is comprised of several modules which facilitate the planning and execution of the operations of an enterprise. It can handle customer relationships, maintain inventory systems, keep track of labor requirements, record financial transactions, to name but a few. All of these modules can be utilized or only a select few. As well, existing systems can remain and be integrated with other modules through an overarching ERP framework.
Below is a listing of five of the most common modules:
