Short for Enterprise Resource Planning, ERP is the industry term for the broad set of activities that dynamically balance and optimize an enterprise's resources. As mentioned above the abbreviation stands for Enterprise Resource Planning software. ERP software aids and controls the ERP management system, which is a system that integrates and automates all facets of business operations. This includes planning, manufacturing, and sales; while more recent ERP software products encompass marketing, inventory control, order tracking, customer service, finance and human resources as well.
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