Enterprise Resource Planning (ERP)

Definition

Enterprise Resource Planning (ERP) is a business management system that integrates all aspects of a company's operations, including accounting, procurement, project management, risk management and compliance, and supply chain operations. An ERP software is typically used to centrally manage all of the processes required to run a company. 

An ERP ensures business agility by assisting companies in anticipating and responding quickly to any operational disruption or market change. At the same time, it gives them access to information that helps them make better decisions and improve their operational performance.

Resources

https://dynamics.microsoft.com/en-us/erp/what-is-erp/