ERP
An amalgamation of a company's information systems designed to bind more closely a variety of company functions including human resources, inventories and financials while simultaneously linking the company to customers and vendors.
An ERP system is a technology environment with a company-wide scope. It combines methodologies with software and hardware components to integrate numerous critical back-office functions across a company. Made up of a series of “modules” or applications that are seamlessly linked together through a common database, an ERP system enables various departments or operating units such as Accounting and Finance, Human Resources, Production, and Fulfillment and Distribution to coordinate activities, share information, and collaborate.
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