Enterprise resource planning (ERP)
What are the main features of an ERP program?
An ERP (Enterprise Resource Planning) program integrates various business functions and processes into a centralized system. The main features of an ERP program include modules for finance and accounting, human resourcesmanagement, supply chain management, inventory control, customer relationship management, production planning, and data analytics. ERP programs provide a unified view of business operations, improve data accuracy and accessibility, streamline processes, enhance collaboration, and support effective decision-making across the organization.
How does ERP enhance inventory control and costing?
ERP (Enterprise Resource Planning) enhances inventory control and costing by integrating data and processes, providing real-time visibility, optimizing inventory levels, and facilitating accurate cost calculations.