3.12 ERP
ERP (Enterprise Resource Planning) ERP (Enterprise Resource Planning) is software that helps a company to manage different business activities in one system. ERP has different modules , and each module handles a specific business activity. All these modules are connected to each other and share the same data. ERP modules help a company manage money, employees, purchases, and the movement of goods in one system. ERP software has some common modules that help a company manage its main activities. ERP helps a business work faster, reduce mistakes and costs, share information easily, and make better decisions. 1) Financial Management: Manages money, accounts, expenses, and financial reports. 2) Human Resources (HR): Manages employees, salaries, attendance, and employee information. 3) Procurement: Helps the company purchase goods and services from suppliers. 4) Supply Chain Management: Tracks products and goods from the supplier to the customer . Common Basic ERP Modules 1...