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enterprise resource planning
(redirected from ERP system)

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enterprise resource planning

Business management system that integrates all aspects of a business. ERP systems are comprised of integrated databases and software applications covering sales, finances, quality control, accounting, manufacturing, production scheduling, logistics, human resources, customer services, and all other enterprise functions. ERP has been extended to manage the entire value chain from supplier to customer; this is known as supply chain management.

Software companies providing ERP systems include the Dutch firm Baan, SAP of Germany, and the US companies Oracle, J D Edwards, and PeopleSoft. As well as Web-enabling their systems, ERP vendors are extending them into customer relationship management and supply chain planning, in some cases through partnerships with suppliers in those areas.



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The good news is that there is an ERP system that is designed specifically for the make-to-order manufacturing business: Frontier by Friedman Corp.
The new electronic document management software component is designed to resolve document management challenges by allowing any electronic files, such as JPEG images and Word and Excel files, to be attached to any sales order, item master, customer, vendor, PO, or accounting transaction file within the DEACOM ERP system.
Hackett's research found that world-class companies are 61 percent more likely than their peers to have a single ERP system, and rely on common data definitions 20 percent more often.
 
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