ERP


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ERP

(electromagnetism)

ERP

ERP

(1) (Energy-Related Product) A European Union designation for devices that use or save energy. Originally an "energy-using product" (EuP).

(2) (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ERP modules may be able to interface with an organization's own software with varying degrees of effort, and, depending on the software, ERP modules may be alterable via the vendor's proprietary tools as well as proprietary or standard programming languages.

An ERP system can include software for manufacturing, order entry, accounts receivable and payable, general ledger, purchasing, warehousing, transportation and human resources. The major ERP vendors are SAP, Oracle (PeopleSoft and J.D. Edwards), SSA Global (Baan) and Microsoft. Lawson Software specializes in back-end processing that integrates with another vendor's manufacturing system. See CRM, SAP, PeopleSoft, J.D. Edwards, Baan, Microsoft Dynamics, sales force automation, supply chain management and NRP.
References in periodicals archive ?
In LTR 200236028, the taxpayer was solely responsible for adapting and customizing the ERP software.
Traditional ERP tools are not exactly known for their speed in adapting to change: large deployments take years and require teams of in-house application experts and vendor-supplied manpower.
In Brazil, the ERP market is growing at 34%a year, says Augusto Pinto, managing director.
While incorporating benefits processes into the planned company-wide ERP initially had been the company's preference, the strategic analysis showed that implementation would be too complex and too lengthy to meet HR's accelerated schedule.
The largest vendors--SAP, Baan, Oracle--have a large share of the market for ERP sold to midsize companies.
A section on hosted ERP follows, wherein it explains the drivers and key segments where it finds proper implementation along with the key vendors offering hosted ERP solution.
With the emergence of cloud computing ERP software applications and other software innovations, the vast array of software applications are dramatically changing the way companies are using software technologies to grow their business.
Provide information on current and projected costs ratios for ERP systems in Nordic companies, taking into consideration the scope of the ERP implementation.
ERP systems and ERP software are company-wide applications that provide the technology backbone to optimize and automate business processes and maximize resources in virtually every department within a business.