Here are the key points about ERP:
- ERP stands for Enterprise Resource Planning. It is software that allows an organization to use a system of integrated applications to manage business processes like product planning, parts purchasing, maintaining inventories, interacting with suppliers, providing customer service, and tracking orders.
- SAP is one of the largest and most widely used ERP software providers. Their ERP system is called SAP R/3.
- SAP R/3 has integrated modules that allow companies to manage core business functions like finance, manufacturing, supply chain, project management, and human resources.
- Some common SAP modules include sales and distribution, materials management, production planning, financials, controlling,