Enterprise Resource Planning Directory

Enterprise resource planning [ERP] is integrated cross functional software reengineers manufacturing distribution, finance, human resource and other basic business process of an organization to improve its efficiency, agility and profitability. ERP leads to automation of processes such as production planning and procurement. The ERP software with a strong manufacturing component proactively pinpoints quality issues, information needed to increase production efficiency and reduce or eliminate re-work. An ERP system can automatically generate a list of late paying customers, send notifications as needed and “red flag” customers whose credit should be put on hold before more products are manufactured or shipped. ERP systems can be very expensive to install and once a system is established, switched costs are very high for anyone of the partners.