ERP is a company- wide computer software system used to manage and co-ordinate all the resources, information, and functions of a business from shared data stores.
An ERP system has a service -oriented architechture with modular hardware and software units or services that communicate on a local area network. The modular design allows a busines to add or reconfigure modules while preserving data integrity in one shared database that may be centralized or distributed.
Advantages:
1. Integration among different functional areas to ensure proper communication, productivity and efficiency.
2. Design engineering.
3. Order tracking from acceptance to fulfillment.
4. Maintain the revenue cycle,from invoice to cash receipt.
5. Managing complex processes of bills of materials.
6. It centralizes the data in one place.
