Enterprise Resource Planning - Concepts and Thoughts

A company is an organization, which is normally divided into various departments. Each and every department in the organisation is an independent component which reports as per the requirement posed by the head of the organization. With regards to such a situation the normal issue faced by managers is integration of information for the purpose of decision making on a real time basis. Therefore, Enterprise Resource Planning (ERP) system is a process by which a company manages and integrates the important parts / departments of its business. It is management information system which integrates areas such as planning, purchasing, inventory, sales, marketing, finance, human resources, etc. A typical ERP system will use multiple components of computer software and hardware to achieve the integration. This discuss about the concepts and thoughts of ERP in organisation.