An Enterprise Resource Planning (ERP) system is a suite of integrated software solutions designed to support the business activities of a company. These systems help businesses manage their regular operations by automating key company processes and functions. Examples of the operations that an ERP system can manage include sales, marketing, product planning, inventory management, product deliveries, and payments.
ERP systems are useful to enterprises of any size, from small home-based businesses to large-scale enterprises. ERPs enable the speedy, accurate, and efficient completion of work that can typically be time-consuming and error-prone when performed manually. ERP systems help companies minimize the probability of these costly errors, lower operational costs, and boost their overall productivity. Employing ERP systems, therefore, leads to greater profitability for the company in the long run....