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Enterprise resource planning (ERP) is an integrated business process management, both software and technology, that manages a company’s core business processes. The ERP suite of integrated applications allows an organization to use a system to collect, store, interpret and manage the business and automate back-office functions related to technology, services and human resources.
ERP provides an integrated and up-to-date view of core business processes that track business resources, such as cash, inventory raw materials and production capacity as well as the status of financial business commitments related to purchasing and accounting.