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Meaning & Definition

Enterprise Resource Planning (ERP)

Enterprise Resource Planning (ERP) is a powerful HR software that allows leaders to manage, manipulate and analyse key business information and metrics, from all business units including sales, marketing, manufacturing, finance, accounting, customer relationship management and PR, in one integrated package. A central, powerful database will often be used to store information.

ERP is designed to optimise the flow and management of information and help leaders make decisions based on a real-time, honest view of the business as a whole. The software is often built modularly, which allows businesses to buy the precise package they need and add to it if their needs change.

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