An ERP tracks all costs associated with a manufactured product, including materials, labor, equipment, outsourced operations, and other resources directly required to manufacture the product. An ERP will also include in-depth analysis and reporting tools that allow you to deeply analyze and determine the true costs and profit margins of your operation. Why Is Business
An ERP tracks all costs associated with a manufactured product, including materials, labor, equipment, outsourced operations, and other resources directly required to manufacture the product. An ERP will also include in-depth analysis and reporting tools that allow you to deeply analyze and determine the true costs and profit margins of your operation. Why Is Business
The History of ERP
The term ERP was first used in the 1990s by the Gartner Group, but enterprise resource planning systems actually have their roots deep in the manufacturing industry, and can trace their history back to the 1960s. At this time, manufacturers needed a better way to manage, track, and control their inventory. Basic software solutions, known as MRPs or Material Requirements Planning systems were developed to meet their needs.
WHAT IS ERP?
ERP is an application that automates business processes and provides insights and internal controls, drawing on a central database that collects inputs from departments including accounting, manufacturing, supply chain management, sales, marketing and human resources (HR)
