Enterprise resource planning (ERP) is business management software—usually a suite of integrated
applications—that a company can use to store and manage data from every stage
of business
Organizations
consider the ERP system a vital organizational tool because it integrates
varied organizational systems and facilitates error-free transactions and
production
Origin of ERP
In 1990, Gartner Group first used the acronym ERP as an
extension of material requirements planning (MRP), later manufacturing resource planning and computer-integrated
manufacturing. Without supplanting these terms, ERP came to represent a larger whole that
reflects the evolution of application integration beyond manufacturing.
Not all ERP packages developed from a manufacturing core.
Vendors variously began with accounting, maintenance, and human resources. By
the mid–1990s ERP systems addressed all core enterprise functions. Governments
and non–profit organizations also began to use ERP systems.
Expansion
ERP systems experienced rapid growth in the 1990s,
because the year 2000 problem and introduction of the euro disrupted legacy
systems. Many companies took the opportunity to replace their old systems with
ERP.
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