ERP stands for Enterprise Resource Planning. It refers to a type of software that organizations use to manage and integrate the important parts of their businesses. An ERP software system can integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more. Here are the key aspects of ERP: Key Features of ERP Systems Integrated System: ERP systems are designed to be integrated and unified. They consolidate various business processes and functions into one comprehensive system, allowing for easier data sharing and improved collaboration across departments. Real-Time Data: ERP systems provide real-time data and insights across the organization, helping managers and decision-makers make informed choices based on current information. Modular Structure: Most ERP systems are modular, enabling organizations to implement specific modules according to their needs (e.g., finance, inventory management, sales) and gradually expand as necessary. Automation: ERP automat...