Enterprise Resource Planning
ERP stands for Enterprise Resource Planning and consists of one or of a set of software applications that integrate information and processes across the several business functions of the enterprise.
Typically ERP integrates planning, procurement, sales, marketing, customer relationship, finance and human resources. ERP optimize use of resources and integrate the majority of a business's processes. ERP systems use an enterprise-wide database that typically stores each piece of data once which are available for all modules. One of the major advantage of ERP systems is that enterprises can customize software applications for their specific economic activity.