ERP stands for enterprise resource planning. What does that actually mean? Business process management software, or an ERP, connects and integrates all facets of a company. ERPs give manufacturers insight into their whole business, enabling them to enhance performance, cut costs, and develop better manufacturing processes. Without an ERP system, manufacturers are forced to employ numerous other software applications and systems, such as Excel. As a result, teamwork is slowed down, and productivity is constrained. In order to increase performance and productivity, an ERP system unifies a company's financials, supply chain, operations, reporting, and production processes into one system.
