Asked Nov 25, 2019

What is the full form of ERP? Explain ERP with examples?


Expert Answer

Step 1

ERP means Enterprise Resource Planning, it is a process management software used by organizations to manage and integrate the different department in a business. ERP software integrates planning, purchasing, inventory, sales , marketing, finance, human resources, MIS, etc.

Step 2

The benefits of an ERP system are:

(a)   Reduced cost

(b)   Increased Accuracy

(c)   Integrated...

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