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TIPS FOR SELECTING ERP

ERP provides an integrated view of core business processes, often in real-time, using common   databases   maintained by a   database management system. ERP systems track business resources—cash,   raw materials,   production capacity—and the status of business commitments: orders,   purchase orders, and   payroll. The applications that make up the system share data across various departments (manufacturing, purchasing, sales,   accounting, etc.) that provide the data. []   ERP facilitates information flow between all business functions, and manages connections to outside   stakeholders. Enterprise system software is a multibillion-dollar industry that produces components that support a variety of business functions. IT investments have become the largest category of capital expenditure in United States-based businesses over the past decade. Though early ERP systems focused on large enterprises, smaller enterprises increasingly ...