Enterprise Resource Planning (ERP)

   Understanding the Whole ERP Model: A Comprehensive Overview What is ERP? Enterprise Resource Planning (ERP) refers to an organization's software that manages and integrates important parts of its business. An ERP software system can incorporate planning, purchasing inventory, sales, marketing, finance, human resources, and more. The core idea is to provide a centralized system that supports and automates business processes, improving data accuracy and operational efficiency.                                   The Core Components of an ERP System An ERP system is typically composed of several interconnected modules, each addressing different business functions. Here are some of the key modules: 1. Finance and Accounting The finance module manages all aspects of financial operations, including general ledger, accounts payable, accounts receivable, and asset management. It helps organizations t...