ERP stands for enterprise resource planning. In an organization, ERP is not only utilized for mechanizing business transactions and complicated business processes, but also for redesigning work management system. Attaining innovation and higher level improvements in business process performance becomes a complicated task without measuring the capability of ERP. With the help of ERP, organizations can improve coordination and information access throughout the organizational units and this in turn leads to successful management of task interdependence.
ERP provides combined business software modules which acts as a base and supports the functional units of an enterprise. it follows a process oriented approach and considers the core processes such as order fulfillment, materials procurement, preparation of balance sheet etc.
