Enterprise resource planning (ERP) is a system of software applications that manage daily business operations in various fields. Corporations providing a product or service use ERP to be efficient. ERP are mostly used to communicate between companies inner departments such as: production lines, accounting, logistics, management, marketing etc. ERP puts data in one system accessible for each department. Live updates from each of these departments makes daily operations smooth and accurate. ERP also helps company management to plan for future depending on data and perform business analysis. Efficiency is the one word that we can describe ERP with.
There are different types of ERPs: Tier I ERPs, Tier I Government ERPs, Tier II ERPs, Tier II Government ERPs, Tier III ERPs, and Tier IV ERPs. For most of the business, tier four ERP would work just fine. Sometimes going for the higher end ERP without actual need for it can damage a business. Lately smaller more industry specific oriented ERPs are being developed, and they compete with big major ERP providers. But until now most of the ERP market it divided between, Oracle, SAP, and Microsoft.
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