Enterprise Resource Planning
Using shared databases maintained by a database management system, ERP offers an integrated and constantly updated picture of key company activities. Enterprise Resource Planning systems monitor the status of company obligations such as orders, purchase orders, and payroll as well as resources such as cash, raw materials, and production capacity. The applications that make up the system share data with many departments that supply the data, including production, purchasing, sales, accounting, etc. ERP handles links to external stakeholders and streamlines information flow between all corporate functions.
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