Month: December 2020

“ERP” is an acronym of “Enterprise Resource Planning”. However, I choose to define the term “ERP-system” through the following statement: “An ERP-system is an out-of-the-box database application that uses a common database to support the core business processes of an enterprise” The common database is a key here. This means that all users of the … Read more

An ERP system is a type of business software application that is made to support the core business processes of an organization. Typical modules / supported functional areas found in an ERP-system includes: Financial accounting Accounts Receivable Accounts Payable Bank management  Inventory management Sales Management Purchasing Management Production Management Master Planning Production Management Human Resources … Read more