ERP — IT definition
Enterprise Resource Planning: software to manage and integrate important business processes.
ERP (Enterprise Resource Planning) is a type of software that organizations use to manage and integrate their important business processes.
An ERP system can include functionality for:
- •Product Planning: Product lifecycle management
- •Purchasing: Supplier and procurement management
- •Manufacturing: Production planning and tracking
- •Marketing and Sales: CRM and commercial management
- •Inventory Management: Stock and logistics
- •Finance: Accounting, invoicing, treasury
- •Human Resources: Payroll, training, recruitment
An ERP system provides a single, real-time view of data across the enterprise, improving decision-making and operational efficiency.
Popular examples: SAP, Oracle, Microsoft Dynamics, Sage, NetSuite.
All terms
5R Method
A strategy used during application rationalization to determine the best approach for managing applications.
8R Method
An extended version of the 5R method used in application portfolio management and migration strategies.
Application
A computer program or set of programs designed to automate a business process or deliver value to end users.
Architecture
Refers to the structure and behavior of IT systems, processes, and infrastructure within an organization.
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